Bank transfer - how safe for the seller?

Patr100

paul_h wrote:

I've got current accounts with NatWest and an online bank and I've never been charged to receive BACS transfers. There are charges for CHAPS transfers which are same day though.

I use online banking - so how would I set one up to buy or sell on e bay ?

paul_h

Patr100 wrote:

I use online banking - so how would I set one up to buy or sell on e bay ?

To receive a payment, just give the buyer your banks sort code, account number and the name the account is held in (yours, presumably)

To make a payment, you need the sellers details as above, there should be an option on your banks site to send a payment, usually worded 'make payment', 'make transfer', 'make BACS transfer' or something similar.

richto

soolin wrote:

So basically bank transfers are no safer for the seller than paypal?

Posting bank notes with stamps on is probably safer than Praypal.

soolin

richto wrote:

Posting bank notes with stamps on is probably safer than Praypal.

People stick with what they know. In hundreds and hundreds of transactions I have never yet had a problem with paypal, yet in fewer transactions involving cheques, postal orders and cash have had many problems.

Soo