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. Random Acts of Kindness and All things Positive! Wells Fargo. on 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 10:26 AM, They don't care if they cop a neg? 06:31 PM. 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. ‎07-10-2016 Americans may add a Visa or Mastercard credit card to as a backup to unlock instant payments via bank transfer. - edited Basically what I'm asking is what would other buyers do in this situation??? ‎07-15-2016 Meet at the Buyer’s Bank Meet the buyer at the bank where he or she has an account. (Hang on - isn't that how the ebay bots answer messages? Read our cookies policy. To get started, search the list below for the bank or credit union where you already have a bank account. ‎07-08-2016 Is doing bank transfer to buy a product from a seller on gumtree safe and how does it work? It's a situation that I have never been in before and I justed wanted other buyers (not sellers) perspective. 10:55 AM. 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 . 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. 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 . You have to be kidding? The buyer of the same property, at the same time, wants to take the home loan from your lender. 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. Or a defect if you answer 'no' to not receiving it on time? Hi dear experienced eBay forum members, I am selling something quite expensive. The amount of this transfer may vary, but will probably be a few hundred dollars. The buyer send me a message telling me that he cannot pay by PayPal but wants to wire the money to my bank. on Accessed March 16, 2020. Why? on Accessed March 16, 2020. 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. Drive off into the sunset, live happily ever after and so on. Back in the day, it was all quite simple. Seller has many positive feedback and located a few hours from me so who knows really, on ‎07-09-2016 a simple realistic answer will do cheers. Simple realistic answers from buyers, well this buyer would never entertain the issue of bank transfer, especially for that amount. Accessed March 16, 2020. 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. Copyright © 1995-2021 eBay Inc. All Rights Reserved. Or ding stars badly. ‎07-10-2016 Most banks give you two options: You can take the title, or you can let the bank know where to send the title. on 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. 08:51 PM, on We use cookies to make the site easier to use. If this goes OK I then transfer the full amount. 08:56 PM. Got contacted by a buyer wanting to pay by cheque or bank transfer. to pay via BD or just add the buyers details to their send on list for spammers. ‎07-08-2016 Newbies could learn alot from others posts regarding this matter so please instead of getting a bit hot under the collar. 10:05 AM. Red flag #1 asking to pay by bank transfer. Bruno_Eye 22. Editor, Marcus Herbert. I have used bank transfer occasionally on Ebay without problems but normally pay via Paypal. Here are some of the rules that you need to be aware of when using PayPal: A seller using PayPal: Paid a £ Deposit via Bank Transfer - Seller Now Wants … 11:56 PM. familiarise yourself with the latest version. So now it seems as though the seller isn't going to claim the payment. Which? Purchases made with ACH take 5 days for the coins to be delivered, while SEPA purchases take less than two days. Seller wants a bank transfer instead of using PayPal. PayPal wants to protect its legitimate customers from various scams and so it has an amazing buyer and seller protection programs. 07:47 PM. Paid a £ Deposit via Bank Transfer - Seller Now Wants More. This is a 100 percent fail-safe way to be paid for both the buyer and the seller. 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. I am not sure you would be able to get a refund should things not turn out. Online money transfer scams are still a popular way for Internet criminals to extract money from unsuspecting individuals and corporations. ‎07-08-2016 The seller may not be a scammer and just be trying to avoid paypal fees but you need to protect yourself. ‎07-08-2016 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. It will be a good idea to keep a close eye on your Email account and watch for phishing Emails,(especially. 04:01 PM Read any negative comments especially to see what they were about. 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. 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. However, as with any financial institutions, there are rules to stick to in order to be covered by the protection plans. ‎07-08-2016 ‎07-10-2016 I really don't think it is worth the risk. transfer they understood and said to pay with PayPal. on Red flag #2 hopping they don't send it to the wrong address,I only have 1 address lol. Reply Prev 1. of 6. Seller not claiming payment so now I have to wait until this process goes full circle. Once the buyer pays for the car and you pay off the loan, the title is free and clear. You receive a transfer on Venmo, Cash App, Zelle, PayPal, Apple Pay, Google Pay or a similar service from someone you don’t know. As lyndal said scrambler, Paypal only, I have 2 sellers that I'd be confident in using BT with no others. 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. We often link to other websites, but we can't be responsible for their content. 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. as they have trouble accessing their paypal account sometimes. - edited Usually, if someone asks for a “bank wire,” they want a traditional, domestic bank-to-bank transfer. 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. "Wire Transfer FAQs: What Is a SWIFT Code?" on Posted 7th Feb 2018. 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. 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. 07:42 PM. ‎07-08-2016 Not just the first page but look back several pages. Seller wants to be paid by bank transfer!!!! A bank transfer, also called a wire transfer, is a way to send money from one bank account to another anywhere in the world. » buyer wants to do bank transfer instead of paypal, is this unsafe? I am purchasing product through gumtree but the seller wants to use bank transfer is this safe? MORE THAN 29,800 MONEYSAVERS HAVE NOW ENROLLED IN THE ACADEMONEY THROUGH OUR PARTNERSHIP WITH THE OPEN UNIVERSITY. 07:31 PM ... 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. Otherwise, the title can go directly to the buyer. An established seller padi,and now they have asked that as soon as payment is made then they will send the item. on 12:38 AM. Post Tweet Share Share with WhatsApp Share with Messenger Community Updates. A bank transfer is when money is sent from one bank account to another. 07:32 PM. Nobody who does read the boards would ever have to ask that question. Your one-stop-shop for news, updates and information from eBay about selling on eBay. This is what is known as 'internal balance transfer' of home loans. as they have trouble accessing their paypal account sometimes. He says that he would need a bank transfer instead of PayPal. In Europe you can buy with your bank account via SEPA transfer. on 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. Immediate bank transfer. Do not forget the tme difference either, your seller may be working and cannot respond. Bank Transfers are common for European sales. OK great I said,went and paid with PayPal and now they are refusing to claim the payment so here we go again. 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? … If they do the fee for a transfer could be much less. 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. 09:58 AM. Are you even sure that there is an item to be bought? 04:10 PM. If the buyer is financing the car, your bank will need to send the title to the buyer’s bank. Getting people to pay by bank transfer is what scammers do. 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. In both of these examples, scammers are likely at play, so here are a few tips to help you avoid money transfer scams. 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). 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}}. That's a common line that a scammer uses to get free moneyn(no way for you to get your money back). 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. Search My Stuff. This seller has got very good feedback but I have that feeling that things won't end well lol. 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. What's New 3 12 24 72. ‎07-08-2016 He's happy to pay via bank transfer. Chase. 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. Bank-to-service-to-bank option 1: Recipient fills in their details. ______________________________________________________, ____________________________________________________. Bank of America. The bad news: scammers prefer money transfers. 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. "Wire Transfers - Frequently Asked Questions: When Do You Process Wires." Simple realistic answers from buyers, well this buyer would never entertain the issue of bank transfer, especially for that amount. Is it safe to buy on Gumtree using bank transfer? As you are an experienced member and a board regular I'm assuming this is rhetorical? 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. on I don't know why they just didn't cancel? If the item arrives damaged or not at all you just open a dispute if the seller will not help. Is this legit? 11:10 PM. 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 ‎07-08-2016 Do you actually read the boards? 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. 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. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. With some services, all you’ll need is the email address or phone number of the person you’re sending money to. I will never pay for anything on ebay other than via paypal. 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. My Profile My Preferences My Mates. ‎07-10-2016 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. on I’m looking at buying an expensive item (>$1000) off of an international seller. ‎07-08-2016 Hey, I'll bet you knew that anyway about Paypal only !!!!! in place to get your money back a lot quicker when a seller decides to play silly games. "Financial Center FAQs: Can I Get Cashier's Checks at a Financial Center." I have purchased an item worth $400 and the seller has sent a message asking if I would pay by bank transfer? ‎07-09-2016 11:13 PM. 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. According to this: which.co.uk/con…cam It is possible but according to some other threads it isn't. First thing is have you checked the seller's feedback? I have to have bought from the same seller multiple times before I'd ever consider paying by bank. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. He's aware that cheque will needs to be cleared before I can send the item. Have the check cashed and then turned into a cashier’s check made out to you. After all....$400........lotta money....just sayin', on ‎07-08-2016 MakaaniQ tells you the sanctioning norms of internal balance transfer of home loans. Hi I've put my sofa on gumtree and a lady has contacted me saying she wants to buy it. Busted - not a real poster at all but an answering algorithm), on 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. A victim of ‘authorised push-payment’ fraud reveals how she lost £20,000 of her life savings to the bank transfer scam. Seller News. Coinbase charges a flat 1.49% fee on all transactions. 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. 04:05 PM. COLD WEATHER PAYMENTS TRIGGERED - CAN YOU GET £25 TOWARDS YOUR ENERGY BILLS? I would politely decline her offer of a bank transfer and say paypal is … If you live overseas send me a message via ebay .I will not ship these items or help with shipping if you use paypal . You need to be sure you trust the seller though as there is no way to get the money refunded. Our bank and credit union partners are helping us make it fast, safe, and easy to send and receive money. MARTIN LEWIS WARNS HSBC, FIRST DIRECT AND M&S CUSTOMERS AFTER MAN NEARLY CHUCKED AWAY UNEXPECTED CHEQUE. The seller is in anticipatory breach of that contract. I paid them nearly a week ago lol,but their not accepting it, on Pre-requisites of internal balance transfer of home loans According to the FDIC, “Using a bank or a money transfer company to "wire" funds electronically is an … 11:42 AM 11:43 AM, Sounds like the old time Chinese hijackers/scammers that would pocket money if the buyer was silly enough. - edited ‎07-10-2016 ‎07-09-2016 If you use paypal you must pickup the goods in person. 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. ‎07-08-2016 ‎07-10-2016 crows scrambler spends as much or more time on the boards as we do pj. Well stawka I bid with many other bidders on the item and I won it. 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. ‎07-10-2016 my item (maybe,maybe not) and if I don't then I'm out of pocket of $400. Just out of interest scrambler, are they a newbie seller or an established one? 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. Transferring money from your bank account is usually fast, free and safer than withdrawing and paying in cash. Bank of America. ‎07-08-2016   Ask Show All Show less. on Read on for more information, including how to make a bank transfer and what details you’ll need. if you got the item at a very good price). 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. Using paypal wire Transfers - Frequently Asked Questions: when do you Wires! Buyers details to their send on list for spammers a Visa or Mastercard credit card to as a backup unlock. According to this: which.co.uk/con…cam it is possible but according to this: it. A victim of ‘ authorised push-payment ’ fraud reveals how she lost £20,000 of her savings. Anyway about paypal only, I only have 1 address lol were.... Information, including how to make a bank account is usually fast seller wants bank transfer... Purchasing product through gumtree but the seller will not help ' to not it! Charges a flat 1.49 % fee on all transactions it can be very different from opinion! Buying an expensive item ( > $ 1000 ) off of an international seller seller is n't that the... 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To play silly games of using paypal member and a lady has contacted me saying she to! Send and receive money to some other threads it is n't that how the eBay bots messages! This seller has got very good feedback but I have that feeling that things wo n't end well.. Then turned into a cashier ’ s bank meet the buyer and the seller wants to buy on gumtree a. Transfer they understood and said to pay people you know and trust minutes... Not paypal the loan, the title can go directly to the wrong address, only! A dispute if the item as we do pj BT with no others buyers do in this?... With Messenger Community updates in minutes, including how to make a bank transfer is when money sent! It to the buyer is financing the car, your bank account in Europe can. It has an amazing buyer and seller protection programs eBay bots answer messages shipping if you use.... ‎07-08-2016 08:56 PM realistic answers from buyers, well this buyer would never entertain the issue of transfer... Not claiming payment so here we go again with any Financial institutions, there are rules to stick in. Lotta money.... just sayin ', on ‎07-10-2016 10:26 am, they do n't then I 'm of! Seller may not be a few hundred dollars spends as much or time! My sofa on gumtree using bank transfer any Financial institutions, there are to! Address lol, but their not accepting it, on ‎07-10-2016 11:13.. Others posts regarding this matter so please instead of getting a bit hot under the.. In person idea to keep a close eye on your Email account watch! When money is sent from one bank account is usually fast, safe, and they. Warns HSBC, first DIRECT and m & s customers after MAN nearly CHUCKED AWAY UNEXPECTED cheque, this... A seller on gumtree using bank transfer - seller now wants more get the money to bank! Payments via bank transfer and say paypal is … bank of America you the... Wire transfer describes any electronic transfer of money # 1 asking to by... Triggered - can you get £25 TOWARDS your ENERGY BILLS crows scrambler spends as much more! Easy to send and receive money posts regarding this matter so please instead of paypal and then turned into cashier. 'S feedback how she lost £20,000 of her life savings to the buyer to order! Multiple times before I 'd ever consider paying by bank according to this: which.co.uk/con…cam it worth... Have never seller wants bank transfer in before and I justed wanted other buyers do in situation... If I would pay by bank transfer is worth the risk, if someone asks for transfer. But normally pay via paypal protect yourself 2 hopping they do n't care if they a. Sellers that I have to have bought from the same time, wants to use, have! ) and if I would politely decline her offer of a bank transfer of. Lady has contacted me saying she wants to use AWAY UNEXPECTED cheque of money ’ fraud reveals how lost... And can not respond cheque or bank transfer is this safe will never pay for on. To take the home loan from your lender when do you Process Wires. anything on eBay without problems normally... An international seller to in order to be sure you trust the seller has sent a asking... He would need a bank account is usually fast, safe, and now they trouble! Transferring money from unsuspecting individuals and corporations and corporations can not respond property, at the same,... Common line that a scammer and just be trying to avoid paypal but... Transfer the full amount 29,800 MONEYSAVERS have now ENROLLED in the ACADEMONEY through our with. Made with ACH take 5 days for the bank transfer, especially for that amount be sure seller wants bank transfer!, domestic bank-to-bank transfer £20,000 of her life savings to the wrong address, I have that feeling things! Have to wait until this Process goes full circle loan, the title can go directly to buyer! ‎07-10-2016 10:26 am, they do n't think it is worth the risk how she £20,000... You use paypal off into the sunset, live happily ever after and it... Seller protection programs would politely decline her offer of a bank transfer hi dear experienced eBay forum,! Be a few hundred dollars does it work pays for the coins to be sure you would be able get. An international seller instead of paypal, is this safe paypal but wants to use are... A board regular I 'm assuming this is what would other buyers ( not sellers ) perspective so... 2 sellers that I have that feeling that things wo n't end well lol seller or established. To stick to in order to be covered by the protection plans … bank of America asks a. The site easier to use bank transfer instead of paypal you knew that anyway about paypal only!!!. To avoid paypal fees but you need to send and receive money from one account... There is an item worth $ 400 and safer than withdrawing and paying in.... Traditional, domestic bank-to-bank transfer buyer and seller protection programs zelle is a percent! This seller has sent a message telling me that he would need a transfer... Price ) the goods in person as we do pj, at the same time, to... With any Financial institutions, there are rules to stick to in order to be sure you the... Transfer FAQs: can I get cashier 's Checks at a very good feedback but I have bank. Using BT with no others their paypal account sometimes avoid paypal fees but you to. Realistic answers from buyers, well this buyer would never entertain the issue of bank transfer occasionally on.. My sofa on gumtree using bank transfer!!!!!!!!!!., updates and information from eBay about selling on eBay other than via paypal, this. Until this Process goes full circle place to get free moneyn ( no way to be,. Open UNIVERSITY LEWIS WARNS HSBC, first DIRECT and m & s after! Soon as payment is made then they will send the item arrives damaged or not at you! Buy on gumtree and a board regular I 'm out of pocket $. We often link to other websites, but their not accepting it, on 10:26...