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Selling a car privately, How do I make sure they don't use a CC to transfer money?
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martinbainbridge1975 said:if you do a money transfer I believe section 75 chargebacks are excluded0
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you also need to ensure they have not hacked someone elses account or scammed them as the money could be recalled in that scenario.0
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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.
Life in the slow lane0 -
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....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.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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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....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 -
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 !!
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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 !!
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.0 -
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....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 -
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....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.
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/1 -
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....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.
Or if they are their own, then they are fake beggers..Life in the slow lane0
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