Bank Transfer Safe?

[carlin]

Hi Guys,

Just quick question as you lot will know this better than me.

But is bank transfer secure & insured at all?

Someone is wanting to make payment from Belgium to me but i'm abit unsure.
He says he cant pay through paypal, as it wont let him makes me think thier is reason why he wants bank transfer.

Hope someone can let me know if this ok to do or big NO NO.....

[Answer-RC-Pete]

We use it all the time for making and recieving payments.
Once the money is in your account thats it.

The only queery with bank transfer is if the buyer doesnt trust the seller he has no recourse for action if once you recieve the money you dont forward the parcel so from a sellers point of view its all safe.

Just check fees - no idea what they are on personal accounts as opposed to business accounts.

[bigred5765]

I have never had any probs with a bank transfer,make sure all they have is your bank number and sort code, and all they can really do is pay in,ring you bank and tell them what you want to do I'm sure they will put you at ease.

[carlin]

Thanks guys

[carlin]

Originally Posted by bigred5765

I have never had any probs with a bank transfer,make sure all they have is your bank number and sort code, and all they can really do is pay in,ring you bank and tell them what you want to do I'm sure they will put you at ease.

Hi Guys,

I have emailed the guy giving these details, he saying this is not right.

This is what he says in his email

Sorry, but I don´t know how to pay this way...
I need an IBAN number and a SWIFT code...
Can you help?

Does he mean account number & sort code?

[Battle_axe]

IBAN number and a SWIFT code are the eurapeien equiverlents IBAN stans for International Bank Account Number

[carlin]

Originally Posted by Battle_axe

IBAN number and a SWIFT code are the eurapeien equiverlents IBAN stans for International Bank Account Number

So my account number & sort code is all he requires then?

[emtee]

Originally Posted by carlin

So my account number & sort code is all he requires then?

I'm a bit uneasy for you with this dude as my experience with this sort of thing is limited... doesn't the guy have a cheque book?

Might be time to cut and run...

[bigred5765]

International Bank Account Number - IBAN A standard numbering system ... The IBAN number consists of a two-letter country code followed by two check digits ... youll need to contact your bank for this

[i4n]

If you bank with Barclays you IBAN and Swift are on the top of your statement.

Nothing untoward about it, it's just the international version of your UK number. As othes have said, wait until the funds clear before posting out.

[carlin]

Originally Posted by i4n

If you bank with Barclays you IBAN and Swift are on the top of your statement.

Nothing untoward about it, itls just the international version of you UK number. As othes have said, wait until the funds clear before posting out.

Yeah iam thanks buddy, i just spoke to my bank.
It's sorted out now just i never done this before.

Thanks for the help

[carlin]

Just one more question.

The guy is saying he has made payment but it hasnt shown in my account, can this take so many working days to clear into my account?

Thanks

[Answer-RC-Pete]

There are a couple of different ways it can be processed in the system depending on the fee paid.

Generally 2-3 days though it has taken 7ish at times.

[carlin]

Originally Posted by Answer-RC-Pete

There are a couple of different ways it can be processed in the system depending on the fee paid.

Generally 2-3 days though it has taken 7ish at times.

Well just spoke to my bank they say it can tkae 7 days.
Who pays the fee's the buyer? or seller

[Answer-RC-Pete]

There are fees at either end usualy.
He will have been given the option to pay either none, all or just the senders fees.

I have no idea what you are likely to pay in the fee - varies bank to bank, some will screw the exchange rate and not charge a fee assuming he has paid in Euros..

[carlin]

Hi guys,

Just one question is this secure?

What I mean is, I'm just about to pack the parcel & post out to them.

But is thier anyway he can turn round claim it through the bank & get his money back?
Just i dont want to be screwed over, they have had the goods & the cash back.
Just i have tried looking on Barclays bank it says nothing, tried speaking to them but just lately always some foreign person on the other end never understand the f@1k thier saying lol.....
Has anyone had this experience or no anything about this?

Thanks