Is paying by bank transfer safe?

fmcattack · 2010-09-28 23:33:39

Hi, I'm buying an item off someone and they want me to transfer money into there Bank of Ireland account. Is this safe? Have I any comeback if I don't receive the item? Thanks

29-09-2010 12:33AM

#1

fmcattack

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Join Date: January 2010

Posts: 72

Hi,

I'm buying an item off someone and they want me to transfer money into there Bank of Ireland account.

Is this safe? Have I any comeback if I don't receive the item?

Thanks

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Comments

#2 29-09-2010 12:42AM

Sponge Bob

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Safer than western union or transferring abroad, if in Ireland you can sue them if the goods are not received.

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#3 29-09-2010 12:51AM

fmcattack

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hopefully it won't cone to that!

Thanks though for your help

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#4 29-09-2010 01:00AM

Solair

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It's safe, in so far as you will be able to prove that the money was sent to the account and it's highly unlikely to go missing en route.

However, it's the electronic equivalent of sending cash. There's absolutely no mechanism for forcing a charge-back as there would be on a credit card.

Online transactions always require a bit of trust

You could also just insist on paying by PayPal.

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#5 29-09-2010 09:24AM

dudara

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Moved to Banking & Insurance & Pensions

dudara

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