The Wholesale Forums

[browser]

Hi

I was wondering if there are any risks involved for the seller if the customer is paying by bank transfer. Also, what exactly is the information they need to send a bank transfer (specifically for UK banks (NatWest)).

The reason I ask is I had one email from someone who wanted me to ship to Nigeria (obviously I won't do it) but offered to pay by bank transfer. What could they gain?

Thanks

[canada]

Identity Theft,Do not give out any banking information to anyone from Nigeria!

Scott

[Supremetronics]

Avoid giving bank details out.

[browser]

then how do people pay by bank transfer?

[RWA]

Originally Posted by browser

then how do people pay by bank transfer?

The point that is trying to be made is don't use Bank Transfer and walk away

[YNWA]

I phoned Halfiax up about this and they said that giving the details out for bank transfer is safe because in order to take money from your account they will need your pin number either from you cash point card, you telephone banking info and pin and also your internet banking passwords.

So that is what came from a Halifax employees mouth.

But I think their is a risk with identity fraud in some way but the general feeling I have is that it is safe for you the seller to receive money but not for the buyer.

Therefore I would check out your buyers legitimacy befroe sending anything.

Anyone back up this Halifax employee claims?

[Supremetronics]

well just before christmas we had a large amount of money withdrawn from our business account, and natwest made a big fuss about us accepting payment via bank transfer. They even refused to cover the loss however a nice letter from our legal representative seems to have done the trick although still waiting for the funds to be returned to our account, which takes 6-8 weeks apparently.

Safe it might be for the seller but the bank can refuse to cover any losses if they feel that you provided bank information freely. Well thats what natwest claimed.

[Saajan]

Not sure about HSBC. I wouldn't give out any bank details to Nigerian buyers. Just can't take the risk.

[AuctionCUT]

Hi

I was wondering if there are any risks involved for the seller if the customer is paying by bank transfer. Also, what exactly is the information they need to send a bank transfer (specifically for UK banks (NatWest)).

The reason I ask is I had one email from someone who wanted me to ship to Nigeria (obviously I won't do it) but offered to pay by bank transfer. What could they gain?

Thanks

They might "flash" your account. This means, they'll temporary deposit a balance in your account so it shows on your account - but the payment will later be widthdrawn. In the meantime, you've sent out the goods to Nigeria. It's a common 419 scam.