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How safe is bank transfer?
 

I have been selling outside ebay for example on gumtree also and usually go deliver or get the items collected. I was wondering if bank transfer is safe to accept as a payment method and then post to the person?
I obviously wont be accepting paypal.

Perfectly safe to ACCEPT a bank transfer. Check names match (sort code is in same area that you're posting to). Great because no fees.

Not particularly safe to SEND a bank transfer to someone because there is no comeback and it's messy to get cash back. This means the amount of people willing to send you a payment via Bank Transfer is not very high.

If you get twenty messages about an item on Gumtree only 10 are actually potentially interested and probably only 1 will pay by bank transfer.

I remember selling a top end smartphone on Gumtree last Christmas. She didn't have Paypal so wanted to pay by back transfer. I accepted of course but told her in future don't do this!

Bank transfer is safe if your recieveing funds..if sending funds no.

Great! thanks for the replys guys. will start accepting that and hopefully boost up my sales !

Bank transfers are OK.

Watch the amount though.

If it is over £300, I would consider splitting the amounts.

Do a thorough check of the buyer. Make sure they are traceable <---> for obvious reasons.

1st hint of silliness, forget the sale.:nono:

Interesting. What's the reasoning for this? Harder to charge-back 2 £150's thank one £300?

Yes it is.

Think about it.....

two deposits being difficult to disprove as unauthorised ;)

:juggle:

Yeah greenbean is on point again, that's a very good point espically since banks now watch transactions more thoroughly.:spy:

Also make sure you are able to CONTACT the buyer via phone or such - always wait 48-72 hours once amount hits your bank in case of any issues before posting