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

premiumz
Posts: 108 Forumite

in Credit cards
I'm selling a car privately to someone. I've read on things to watch out for and one of those is someone paying with a CC because they "could" do a chargeback at some point?
If I was about to sell it and they went on their phone to do the money transfer to my bank account, how do I know they aren't using a CC without invading their privacy and watching them do it on their phone while seeing their accounts?
Thanks
If I was about to sell it and they went on their phone to do the money transfer to my bank account, how do I know they aren't using a CC without invading their privacy and watching them do it on their phone while seeing their accounts?
Thanks
0
Comments
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They can't transfer money to your personal bank account from a credit (or debit) card....1
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eskbanker said:They can't transfer money to your personal bank account from a credit (or debit) card....0
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premiumz said:eskbanker said:They can't transfer money to your personal bank account from a credit (or debit) card....0
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premiumz said:eskbanker said:They can't transfer money to your personal bank account from a credit (or debit) card....
As they are just moving money & not making a actual purchase, which is the basis of a chargeback.Life in the slow lane0 -
premiumz said:I'm selling a car privately to someone. I've read on things to watch out for and one of those is someone paying with a CC because they "could" do a chargeback at some point?
If I was about to sell it and they went on their phone to do the money transfer to my bank account, how do I know they aren't using a CC without invading their privacy and watching them do it on their phone while seeing their accounts?
Thanks
Others have already said that chargeback is not possible on a MT0 -
eskbanker said:premiumz said:eskbanker said:They can't transfer money to your personal bank account from a credit (or debit) card....born_again said:premiumz said:eskbanker said:They can't transfer money to your personal bank account from a credit (or debit) card....
As they are just moving money & not making a actual purchase, which is the basis of a chargeback.0 -
Once you see the money in your account that's fine.
It's not your concern what they might have done to get that money0 -
premiumz said:eskbanker said:premiumz said:eskbanker said:They can't transfer money to your personal bank account from a credit (or debit) card....born_again said:premiumz said:eskbanker said:They can't transfer money to your personal bank account from a credit (or debit) card....
As they are just moving money & not making a actual purchase, which is the basis of a chargeback.fatbelly said:Once you see the money in your account that's fine.
It's not your concern what they might have done to get that money0 -
if you do a money transfer I believe section 75 chargebacks are excluded0
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