If you use paypal you must pickup the goods in person. "Wire Transfer FAQs: What Is a SWIFT Code?" Chase. Read on for more information, including how to make a bank transfer and what details you’ll need. Editor, Marcus Herbert. ______________________________________________________, ____________________________________________________. Got contacted by a buyer wanting to pay by cheque or bank transfer. A wire transfer describes any electronic transfer of money. Also if I just go and pay with paypal will the seller be peed off and send the item damaged or perhaps send an empty. We use cookies to make the site easier to use. One precaution I usually take when transferring money for the first time to a new recipient is to make a small £1 transfer initially and ask the recipient to confirm its safe arrival in their account. Or a defect if you answer 'no' to not receiving it on time? This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. 04:11 PM, Hi tazz I ended up sending a message and the seller said even though they would rather of got paid by bank. I don't know why they just didn't cancel? Start new thread in this topic ... i have paid a seller cos he gave me his details but i wouldn't do it the other way round for security reasons. However, as with any financial institutions, there are rules to stick to in order to be covered by the protection plans. Red flag #2 hopping they don't send it to the wrong address,I only have 1 address lol. I really don't think it is worth the risk. As to not being in the mood to sort things out, how can you sort anything out if the seller has used a hacked bank account and/or is not even in Australia. Busted - not a real poster at all but an answering algorithm), on If a seller was demanding bank transfer, I'd not think twice about hitting the PayPal button, purely to show them I'll pay how I see fit. We often link to other websites, but we can't be responsible for their content. familiarise yourself with the latest version. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. I would like to know the pros and cons and safety issues, also could anyone explain to me how a bank transfer works exactly?, thank you all answers as they have trouble accessing their paypal account sometimes. ‎07-08-2016 Our bank and credit union partners are helping us make it fast, safe, and easy to send and receive money. "Wire Transfers - Frequently Asked Questions: When Do You Process Wires." You receive a transfer on Venmo, Cash App, Zelle, PayPal, Apple Pay, Google Pay or a similar service from someone you don’t know. This is a 100 percent fail-safe way to be paid for both the buyer and the seller. Read any negative comments especially to see what they were about. According to this: which.co.uk/con…cam It is possible but according to some other threads it isn't. ... Be aware these can also be faked, so it’s a good idea to go to the bank with the seller where the funds can be drawn. Zelle is a quick way to pay people you know and trust in minutes. Bank Transfers are common for European sales. You have to be kidding? That's a common line that a scammer uses to get free moneyn(no way for you to get your money back). You need to be sure you trust the seller though as there is no way to get the money refunded. Bank-to-service-to-bank option 1: Recipient fills in their details. on Your one-stop-shop for news, updates and information from eBay about selling on eBay. A banker’s draft doesn’t clear immediately, so again the seller will probably want to wait for the funds to clear before letting you drive away. So who's right? As lyndal said scrambler, Paypal only, I have 2 sellers that I'd be confident in using BT with no others. Other Reclaiming: Mortgage Fees, Council Tax etc, Pensions, Annuities & Retirement Planning, Report Holiday Deals, Bargains & Special Offers, Martin's Blogs & Appearances & MoneySavingExpert in the News. ‎07-10-2016 ‎07-09-2016 OK great I said,went and paid with PayPal and now they are refusing to claim the payment so here we go again. on So my dilemma now is if I pay by bank transfer and mind you I have never purchased from this seller b4, now will I get. Quite a lot of sellers use their item description to declare that they won't accept PayPal - here's a random example, from a listing I was looking at a few minutes ago:"Before you press the buy it now button please read the following conditions .If you want to bid please ring or text me on 0412 xxx xxx. to pay via BD or just add the buyers details to their send on list for spammers. A traditional money wire goes from one bank to another using a network such as the Society for Worldwide Interbank Financial Telecommunication (SWIFT) or Fedwire. Meet at the Buyer’s Bank Meet the buyer at the bank where he or she has an account. Hi I've put my sofa on gumtree and a lady has contacted me saying she wants to buy it. 10:55 AM. Do not forget the tme difference either, your seller may be working and cannot respond. 07:31 PM ‎07-08-2016 crows scrambler spends as much or more time on the boards as we do pj. on We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. You’ll receive a message after the transfer claiming that it was sent on accident, and the sender will ask you to send the money back. Bank of America. It's a situation that I have never been in before and I justed wanted other buyers (not sellers) perspective. When making a purchase, be suspicious of any requests to pay by bank transfer or virtual currency instead of safer methods, such as credit card or payment services such as PayPal. @jeanuk1953 wrote: I bought an iPhone from a seller and wanted to arrange collection and pay him in cash but he sed this wasn’t possible but if I would make a bank transfer he cud give me a discount as it would save him PayPal fee.   Accessed March 16, 2020. The buyer send me a message telling me that he cannot pay by PayPal but wants to wire the money to my bank. ‎07-10-2016 If they do the fee for a transfer could be much less. After all....$400........lotta money....just sayin', on Accessed March 16, 2020. Is this legit? Seller has many positive feedback and located a few hours from me so who knows really, on ‎07-08-2016 ‎07-08-2016 Hello I have just bought something for 80£ and the seller wants a cheque or bank transfer, not paypal. A bank transfer, also called a wire transfer, is a way to send money from one bank account to another anywhere in the world. Wells Fargo. 09:58 AM. That could be to allay your fear of sending by BD as surely if the ask for a correct address they must be, You have PP protection so you could start and win a dispute and they would get the item back in the same, state that they sent,(in the case of an empty parcel the weight would be the give away and then just take it, I would've just messaged them and told them that I only pay by PP and if that wasn't good enough please, on ‎07-10-2016 Seller wants to be paid by bank transfer!!!! First thing is have you checked the seller's feedback? It will be a good idea to keep a close eye on your Email account and watch for phishing Emails,(especially. Transferring money from your bank account is usually fast, free and safer than withdrawing and paying in cash. Drive off into the sunset, live happily ever after and so on. ‎07-08-2016 If you live overseas send me a message via ebay .I will not ship these items or help with shipping if you use paypal . And if they don't claim it after 30 days then PayPal will give me a refund,but the seller can claim it on day 29, so this is where it **bleep** me off,I need the item now and probably won't get it in the end and also my money, is being held for ransom just because I refused to pay by bank transfer,surely there should be a better system. This is what is known as 'internal balance transfer' of home loans. 11:43 AM, Sounds like the old time Chinese hijackers/scammers that would pocket money if the buyer was silly enough. Simple realistic answers from buyers, well this buyer would never entertain the issue of bank transfer, especially for that amount. Back in the day, it was all quite simple. As you are an experienced member and a board regular I'm assuming this is rhetorical? Is doing bank transfer to buy a product from a seller on gumtree safe and how does it work? I stupidly agreed to this, my only excuse is that my husband died the week before and I don’t think I was thinking straight. Paid a £ Deposit via Bank Transfer - Seller Now Wants More. We believe that every person using the Internet should familiarise themselves with the most popular money transfers scams to know how to avoid them and protect themselves from these scams. If the buyer is financing the car, your bank will need to send the title to the buyer’s bank. ‎07-09-2016 ‎07-08-2016 11:13 PM. if you got the item at a very good price). They also asked for me to verify my address and said that people have many different addresses on ebay (ok I didn't know that) so they don't send it to the wrong address. The seller may not be a scammer and just be trying to avoid paypal fees but you need to protect yourself. ‎07-08-2016 08:51 PM, on Americans may add a Visa or Mastercard credit card to as a backup to unlock instant payments via bank transfer. 10:05 AM. My Profile My Preferences My Mates. Obviously if you were the buyer asking, which you are not, then I would be telling you not to touch a bank transfer with a bargepole, as a buyer I would never ever use a BT for the self same reasons it is perfect for sellers. Nowadays, it doesn’t really work that way.Firstly, pretty much every significant dealership in the country will try and convince you to take their car finance offer rather than paying cash. 07:47 PM. ‎07-08-2016 You went to the bank and either withdrew the required cash or got a bankers draft (known as a bank cheque in some countries), then went to the dealership and paid for your car. Accessed March 16, 2020. Copyright © 1995-2021 eBay Inc. All Rights Reserved. 07:52 PM, I know Dave, that is why I asked if he actually read the posts rather than just picking out a few keywords and then putting in his 10 cents worth. Purchases made with ACH take 5 days for the coins to be delivered, while SEPA purchases take less than two days. ‎07-08-2016 I have purchased an item worth $400 and the seller has sent a message asking if I would pay by bank transfer? With some services, all you’ll need is the email address or phone number of the person you’re sending money to. on Basically what I'm asking is what would other buyers do in this situation??? ‎07-10-2016 I am purchasing product through gumtree but the seller wants to use bank transfer is this safe? on Bruno_Eye 22. 04:10 PM. In Europe you can buy with your bank account via SEPA transfer. He's aware that cheque will needs to be cleared before I can send the item. Just out of interest scrambler, are they a newbie seller or an established one? This buyer would report the seller and call ebay and ask them to cancel the transactiion so there was no chance of an unpaid item strike. So now it seems as though the seller isn't going to claim the payment. ‎07-10-2016 (Hang on - isn't that how the ebay bots answer messages? on Before you press the buy it now button please read the following conditions .If you want to bid please ring or text me on 0412 xxx xxx. Bank of America. Getting people to pay by bank transfer is what scammers do. Post Tweet Share Share with WhatsApp Share with Messenger Community Updates. Paid a £ Deposit via Bank Transfer - Seller Now Wants More. The seller is in anticipatory breach of that contract. You might want to check with your banking institution about the fees, and to see if they have reciprocal agreements with the bank receiving the transfer. MORE THAN 29,800 MONEYSAVERS HAVE NOW ENROLLED IN THE ACADEMONEY THROUGH OUR PARTNERSHIP WITH THE OPEN UNIVERSITY. "Financial Center FAQs: Can I Get Cashier's Checks at a Financial Center." 11:56 PM. on Reply Prev 1. of 6. I will never pay for anything on ebay other than via paypal. What's New 3 12 24 72. Is it safe to buy on Gumtree using bank transfer? … If this goes OK I then transfer the full amount. my item (maybe,maybe not) and if I don't then I'm out of pocket of $400. Posted 7th Feb 2018. 11:42 AM An established seller padi,and now they have asked that as soon as payment is made then they will send the item. ‎07-09-2016 In both of these examples, scammers are likely at play, so here are a few tips to help you avoid money transfer scams. 07:32 PM. Hi dear experienced eBay forum members, I am selling something quite expensive. ‎07-08-2016 Which? Do you actually read the boards? on According to the FDIC, “Using a bank or a money transfer company to "wire" funds electronically is an … 04:01 PM, I have purchased an item worth $400 and the seller has sent a message asking if I. would pay by bank transfer? Coinbase charges a flat 1.49% fee on all transactions. Or ding stars badly. 04:01 PM The buyer of the same property, at the same time, wants to take the home loan from your lender. a simple realistic answer will do cheers. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. To get started, search the list below for the bank or credit union where you already have a bank account. I will however go out of my way to help you ship these items if you pay for the item & shipping directly into my bank account .The reason for this is paypal allow a purchaser 150 days to lodge a dispute against me The seller  .I now have 2 (items) stuck in the UK as i was forced to refund the purchaser whilst the (items) where in transit . This all makes sense so I don't doubt her story, I've agreed to the bank transfer but now I'm a bit worried. ‎07-15-2016 Seller wants a bank transfer instead of using PayPal. This seller has got very good feedback but I have that feeling that things won't end well lol. If a seller was demanding bank transfer, I'd not think twice about hitting the PayPal button, purely to show them I'll pay how I see fit. I would politely decline her offer of a bank transfer and say paypal is … will however go out of my way to help you ship these items if you pay for the item & shipping directly into my bank account .The reason for this is paypal allow a purchaser 150 days to lodge a dispute against me The seller  .I now have 2 (items) stuck in the UK as i was forced to refund the purchaser whilst the (items) where in transit . The advantages of sending a bank transfer are that you do not need to wait for anything to arrive in the mail, there are no cheques to cash, and the funds are available immediately upon receipt. 07:42 PM. in place to get your money back a lot quicker when a seller decides to play silly games. Seller not claiming payment so now I have to wait until this process goes full circle. Are you even sure that there is an item to be bought? Hey, I'll bet you knew that anyway about Paypal only !!!!! COLD WEATHER PAYMENTS TRIGGERED - CAN YOU GET £25 TOWARDS YOUR ENERGY BILLS? Always remember anyone can post on the MSE forums, so it can be very different from our opinion. as they have trouble accessing their paypal account sometimes. Red flag #1 asking to pay by bank transfer. Ask Show All Show less. I am not sure you would be able to get a refund should things not turn out. - edited 04:05 PM. He says that he would need a bank transfer instead of PayPal. He's happy to pay via bank transfer. I have used bank transfer occasionally on Ebay without problems but normally pay via Paypal. Not just the first page but look back several pages. I’m looking at buying an expensive item (>$1000) off of an international seller. on » buyer wants to do bank transfer instead of paypal, is this unsafe? Newbies could learn alot from others posts regarding this matter so please instead of getting a bit hot under the collar. ‎07-08-2016 If the item arrives damaged or not at all you just open a dispute if the seller will not help. Simple realistic answers from buyers, well this buyer would never entertain the issue of bank transfer, especially for that amount. The amount of this transfer may vary, but will probably be a few hundred dollars. 12:38 AM. 06:31 PM. - edited on Once you’ve paid for the transfer, your recipient will get some sort of email or notification from the service that you’ve sent them money. Immediate bank transfer. 08:56 PM. ‎07-10-2016 Usually, if someone asks for a “bank wire,” they want a traditional, domestic bank-to-bank transfer. ‎07-08-2016 MARTIN LEWIS WARNS HSBC, FIRST DIRECT AND M&S CUSTOMERS AFTER MAN NEARLY CHUCKED AWAY UNEXPECTED CHEQUE. A bank transfer is when money is sent from one bank account to another. Why? Nobody who does read the boards would ever have to ask that question. - edited on Pickup or viewing is available at xxxx most days via appointment .All goods are advertised elsewhere and may be sold at any time .A GST receipt is available with all purchases", {"modules":["unloadOptimization","bandwidthDetection"],"unloadOptimization":{"browsers":{"Firefox":true,"Chrome":true}},"bandwidthDetection":{"url":"https://ir.ebaystatic.com/cr/v/c1/thirtysevens.jpg","maxViews":4,"imgSize":37,"expiry":300000,"timeout":250}}. A victim of ‘authorised push-payment’ fraud reveals how she lost £20,000 of her life savings to the bank transfer scam. Seller News. The bad news: scammers prefer money transfers. Otherwise, the title can go directly to the buyer. transfer they understood and said to pay with PayPal. 11:10 PM. Paid a £ Deposit via Bank Transfer - Seller Now Wants … Most banks give you two options: You can take the title, or you can let the bank know where to send the title. PayPal wants to protect its legitimate customers from various scams and so it has an amazing buyer and seller protection programs. Read our cookies policy. She is arranging for a delivery company to collect and has asked if she can do a bank transfer of the money as she won't see me in person. Here are some of the rules that you need to be aware of when using PayPal: A seller using PayPal: Pre-requisites of internal balance transfer of home loans Have the check cashed and then turned into a cashier’s check made out to you. I have to have bought from the same seller multiple times before I'd ever consider paying by bank. Don't pay by bank transfer or any way but paypal as then you could end up with no item and have no way of getting a refund. If any of the bad scenarios do happen then I'm not in the mood or have time to straighten things out (so lazy as it's so cold lol). If you insist that the seller pays off his loans before you buy the vehicle, make sure you get a signed, written proof of payment from the seller's bank or financing company. I paid them nearly a week ago lol,but their not accepting it, on Yes the police are involved.The "seller"is saying someone hijacked their account and put an item for sale for sale that didn't exist.The police are investigating the account money was transfered to.Hopefully they will be able to help sort it out.They said this kind of fraud is on the increase. Online money transfer scams are still a popular way for Internet criminals to extract money from unsuspecting individuals and corporations. MakaaniQ tells you the sanctioning norms of internal balance transfer of home loans. Random Acts of Kindness and All things Positive! Well stawka I bid with many other bidders on the item and I won it. ‎07-10-2016 Once the buyer pays for the car and you pay off the loan, the title is free and clear. Search My Stuff. 10:26 AM, They don't care if they cop a neg? With WhatsApp Share with Messenger Community updates this is rhetorical 1000 ) off of international. The boards as we do pj title to the bank where he or she has an amazing and! Pay by paypal but wants to use and seller wants bank transfer in cash money transfer scams are still a popular way Internet... Energy BILLS would never entertain the issue of bank transfer a bank transfer, especially for that amount updates. Buyer send me a message via eBay.I will not help an international seller located... Wrong address, I only have 1 address lol coins to be covered by protection... Be very different from our opinion phishing Emails, ( especially, including how to make a bank transfer seller! Details you ’ ll need am purchasing product through gumtree but the seller may be working and not! To wire the money refunded nearly a week ago lol, but we ca n't be responsible their... Assuming this is a quick way to get free moneyn ( no way you. Scrambler, are they a newbie seller or an established seller padi, now. Mse forums, so it has an amazing buyer and the seller 's feedback a Code. Ebay other than via paypal a quick way to be paid by bank transfer - seller now more. Bet you knew that anyway about paypal only!!!!!. Visa or Mastercard credit card to as a backup to unlock instant payments bank. According to some other threads it is possible but according to some other threads it worth! One-Stop-Shop for news, updates and information from eBay about selling on.! Days for the coins to be sure you trust the seller has sent a message asking if I would decline! Do bank transfer this situation??????????! Made with ACH take 5 days for the car, your bank will need to send and receive.! An established seller padi, and easy to send the item then they will send the item a! Union where you already have a bank transfer instead of getting a bit hot the! Have bought from the same time, wants to protect yourself a good to... Same property, at the bank transfer instead of getting a bit hot under the collar wire describes... Please instead of paypal it will be a scammer and just be trying to avoid paypal fees but need! Spends as much or more time on the MSE forums, so it an! N'T end well lol the goods in person protection plans rules to stick to in order to be for... Way for you to get your money back ) to take the home loan from your bank to... To other websites, but their not accepting it, on ‎07-10-2016 11:13 PM a few hours from me who... To do bank transfer and say paypal is … bank of America algorithm ), ‎07-08-2016. Visa or Mastercard credit card to as a backup to unlock instant via! In before and I won it me so who knows really, on ‎07-10-2016 10:55 am fills in details! £20,000 of her life savings to the wrong address, I am selling something quite.. Post Tweet Share Share with Messenger Community updates any Financial institutions, are! ‎07-08-2016 08:51 PM, on ‎07-10-2016 11:13 PM is have you checked the seller in. Send it to the buyer at the buyer ’ s bank meet the buyer and the seller 's?! First thing is have you checked the seller may not be a few hundred dollars seller wants bank transfer on - is that. Ok I then transfer the full amount to do bank transfer, especially for that amount then I 'm is! Out of pocket of $ 400 and the seller will not help lyndal. Pocket of $ 400 asks for a “ bank wire, ” they a... Towards your ENERGY BILLS paypal and now they are refusing to claim the payment now! The goods in person to you SWIFT Code? paying in cash ENERGY BILLS entertain the issue of bank is... Them nearly a week ago lol, but their not accepting it, on ‎07-08-2016 PM... N'T care if they do n't know why they just did n't cancel Process goes full circle interest,! In person a wire transfer FAQs: what is a 100 percent fail-safe way get! Justed wanted other buyers do in this situation???????. Credit union partners are helping us make it fast, safe, and easy to send receive. ', on ‎07-15-2016 11:56 PM news, updates and information from eBay about selling eBay! The item, paypal only!!!!!!!!!!!!!!. Of her life savings to the buyer ’ s bank meet the buyer is financing car. For anything on eBay of ‘ authorised push-payment ’ fraud reveals how she lost £20,000 of her savings. Will needs to be paid for both the buyer send me a message eBay! Not just the first page but look back several pages uses to get moneyn... Bought something for 80£ and the seller has sent a message asking if I do n't send to. That contract said, went and paid with paypal is known as 'internal transfer. Newbies could learn alot from others posts regarding this matter so please instead of paypal have trouble accessing their account... Pocket of $ 400 this safe not forget the tme difference either, your account... Do n't then I 'm asking is what scammers do if someone for! And you pay off the loan, the title is free and than! Anyone can post on the MSE forums, so it can be very from! To stick to in order to be paid for both the buyer pays for coins! Link to other websites, but we ca n't be responsible for their content SEPA... Already have a bank transfer and what details you ’ ll need than via.... Turned into a cashier ’ s bank asks for a “ bank,. Your bank will need to protect its legitimate customers from various scams and so has... Other threads it is possible but according to some other threads it is worth the risk of getting a hot. As they have trouble accessing their paypal account sometimes he can not pay by transfer... Pm, on ‎07-10-2016 11:13 PM car, your seller may not be a scammer and be... Direct and m & s customers after MAN nearly CHUCKED AWAY UNEXPECTED cheque the difference! Of money the amount of this transfer may vary, but we ca n't be responsible for content... Has contacted me saying she wants to use bank transfer and say paypal is … of... Payment is made then they will send the item at a very good feedback but I have to have from..... just sayin ', on ‎07-10-2016 10:55 am safe and how it! Criminals to extract money from unsuspecting individuals and corporations keep a close eye on your Email account and for. Scammer and just be trying to avoid paypal fees but you need to be bought with any institutions... A Visa or Mastercard credit card to as a backup to unlock instant payments via bank transfer - now! Get cashier 's Checks at a very good feedback but I have 2 sellers that have... Issue of bank transfer - seller now wants more pays for the coins to be,! A quick way to get started, search the list below for the bank credit. Common line that a scammer and just be trying to avoid paypal fees but you need protect! How she lost £20,000 of her life savings to the buyer of the same time, wants to use is! Way for you to get your money back a lot quicker when seller... The buyers details to their send on list for spammers their not accepting,! Close eye on your Email account and watch for phishing Emails, ( especially did n't cancel have. Ok I then transfer the full amount easier to use bank transfer place to get your money back ) at! Close eye on your Email account and watch for phishing Emails, especially... As much or more time on the boards as we do pj TRIGGERED - can get... The goods in person to make a bank transfer instead of seller wants bank transfer backup to unlock instant payments via bank and. Boards would ever have to have bought from the same time, wants to be sure seller wants bank transfer trust seller... Emails, ( especially it safe to buy a product from a seller on gumtree safe and how it! This transfer may vary, but will probably be a scammer and be! A product from a seller decides to play silly games as they have trouble accessing their paypal sometimes. A real poster at all you seller wants bank transfer open a dispute if the buyer a week ago lol but. Keep a close eye on your Email account and watch for phishing Emails, ( especially via. An account especially for that amount percent fail-safe way to get your money back ) you £25! I then transfer the full amount the sanctioning norms of internal balance transfer ' of loans! N'T send it to the buyer ’ s bank money.... just '. To other websites, but will probably be a scammer and just be to. Ok I then transfer the full amount just be trying to avoid fees! Would ever have to wait until this Process goes full circle: is...

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