Selling a car privately, How do I make sure they don't use a CC to transfer money?

EnPointe

born_again said:

premiumz said:

eskbanker said:

premiumz said:

eskbanker said:

They can't transfer money to your personal bank account from a credit (or debit) card....

It seems some CC's can do something similar. https://www.quora.com/Can-you-transfer-money-from-your-Amex-card-to-someone-else-s-bank-account

It'll often be possible for a credit card holder to make a money transfer to their own current account, but once there, it's beyond card company rules, so a subsequent payment to a third party via bank transfer wouldn't be subject to chargeback.

born_again said:

premiumz said:

eskbanker said:

They can't transfer money to your personal bank account from a credit (or debit) card....

It seems some CC's can do something similar. https://www.quora.com/Can-you-transfer-money-from-your-Amex-card-to-someone-else-s-bank-account

There would be no chargeback or S75 cover as per above.

As they are just moving money & not making a actual purchase, which is the basis of a chargeback.

Thanks. So when they say "don't accept CC as payment". Do they mean people with chip and pin pads? I don't understand why it's the first thing people say when talking about payment methods. "Don't accept CC". If they can't really do a transfer, then they must be using a chip and pin pad? So it's not really a big worry then as I will only be accepting bank transfer. If they transfer the money over then they can't try to scam me and chargeback etc

Do you know many of the general public that would have a chip & pin machine to take payments?

they are available  at retail quite freely , even  the likes of Currys sell them  ( various SUMUP  devices)

EnPointe

born_again said:

martinbainbridge1975 said:

born_again said:

premiumz said:

eskbanker said:

premiumz said:

eskbanker said:

They can't transfer money to your personal bank account from a credit (or debit) card....

It seems some CC's can do something similar. https://www.quora.com/Can-you-transfer-money-from-your-Amex-card-to-someone-else-s-bank-account

It'll often be possible for a credit card holder to make a money transfer to their own current account, but once there, it's beyond card company rules, so a subsequent payment to a third party via bank transfer wouldn't be subject to chargeback.

born_again said:

premiumz said:

eskbanker said:

They can't transfer money to your personal bank account from a credit (or debit) card....

It seems some CC's can do something similar. https://www.quora.com/Can-you-transfer-money-from-your-Amex-card-to-someone-else-s-bank-account

There would be no chargeback or S75 cover as per above.

As they are just moving money & not making a actual purchase, which is the basis of a chargeback.

Thanks. So when they say "don't accept CC as payment". Do they mean people with chip and pin pads? I don't understand why it's the first thing people say when talking about payment methods. "Don't accept CC". If they can't really do a transfer, then they must be using a chip and pin pad? So it's not really a big worry then as I will only be accepting bank transfer. If they transfer the money over then they can't try to scam me and chargeback etc

Do you know many of the general public that would have a chip & pin machine to take payments?

people begging for money on the streets of London have card machines - no joke!  Was gobsmacked when my brother told me following a recent trip

They are provided with them via the charities. Big Issue provide their sellers with them.
Or if they are their own, then they are fake beggers..

you are, quite frankly,  somewhart deluded if you believe this , Zettle and SUMUP devices are freely available at retail 

born_again

EnPointe said:

you are, quite frankly,  somewhart deluded if you believe this , Zettle and SUMUP devices are freely available at retail 

So how many normal people do you know that have one?
Forget anyone that takes payments @ car boot or craft fairs etc as in effect they are merchants.

I know they are freely available, but unless you are taking payments on a regular basis, then you are not joe average. Why would you have the facility?