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

eskbanker

martinbainbridge1975 said:

if you do a money transfer I believe section 75 chargebacks are excluded

Section 75 and chargeback are two separate schemes, but yes, as already pointed out above, neither applies to money transfers.

km1500

you also need to ensure they have not hacked someone elses account or scammed them as the money could be recalled in that scenario.

born_again

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?

Nasqueron

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?

Only ones I know of are people who have them linked to say a charity/sports club or similar and even then it's normally contactless small value ones, I agree it's vanishingly unlikely 

premiumz

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?

That's what I am saying.. Who has a chip and pin pad.. who are they referring to when they say don't take CC. Most people don't just have a chip and pin pad. Which is why I assumed money could be transferred. But people are saying that actually you can't really transfer money from CC like that. So I don't really know why they even mention not taking CC as it seems unlikely you can even accept it as a form of payment anyway... Unless, of course, you had a chip and pin pad..

CliveOfIndia

premiumz said:

. who are they referring to when they say don't take CC.

Please clarify, who are you referring to when you say "They don't accept CC payments" ?

Your original question was whether someone could surreptitiously pay you for your car by credit card - they answer to that is emphatically "no".  Sure, they may have used their own credit card to do a Money Transfer to their own account, then transfer that money to you.  If so, that's of no concern to you - it's not like they could subsequently do a chargeback or S75 claim against you.

But there are plenty of legitimate businesses who will refuse a credit card for many reasons.  A very common one being a car dealership - they may refuse CC payments (or may limit such payments to a small amount) simply because of the fees they have to pay when accepting a credit card.

Either you're getting confused or I am !!

premiumz

CliveOfIndia said:

premiumz said:

. who are they referring to when they say don't take CC.

Please clarify, who are you referring to when you say "They don't accept CC payments" ?

Your original question was whether someone could surreptitiously pay you for your car by credit card - they answer to that is emphatically "no".  Sure, they may have used their own credit card to do a Money Transfer to their own account, then transfer that money to you.  If so, that's of no concern to you - it's not like they could subsequently do a chargeback or S75 claim against you.

But there are plenty of legitimate businesses who will refuse a credit card for many reasons.  A very common one being a car dealership - they may refuse CC payments (or may limit such payments to a small amount) simply because of the fees they have to pay when accepting a credit card.

Either you're getting confused or I am !!

Based on the information provided in this post, it's looking that way. I'm not bothered about how someone transfers money between their own accounts. I'm simply trying to arm myself with the knowledge to avoid getting scammed. I've not really thought about CC as a form of payment before but it came up across multiple posts and so I thought, I'd better get some advice on it. MSE forum always seems like a good place to advice on these sort of things.
The helpful people here have answered my concerns and have made it clear that buyers can't really transfer money to another persons bank account. So I won't need to worry about that anymore. Cheers.

martinbainbridge1975

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

DullGreyGuy

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?

It is still a tiny number but given how cheap a Zettle machine is, no ongoing fees etc the numbers are growing... even the Big Issue sellers have them, buskers, car boot sellers, market stall operators etc. We have one as the mrs has done a few craft shows 

Haven't seen a begger with one personally, unless you classify a Big Issuer seller a begger but wouldn't be that surprised. 

With SumUp you dont even need a card reader now as the phone itself can take contactless payments https://www.sumup.com/en-gb/tap-to-pay-on-iphone/new/

born_again

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..