Just want to check is a bank transfer the safest way to accept payment for goods?
As an example let's say I am selling an item of high enough value 10k+, person looks at item and if satisfied wants to buy by doing a bank transfer on the day. It will be a weekend but both are customers of same Bank, not same branch, but I understand same day transfer will go through if both same Bank.
I understand bank transfer can be done on your phone these days (my phone doesn't even have a camera so am not familiar with that), so if one guy puts through the transfer and the other guy can see it in his bank account is that it? Is there any way this is dodgy or not safe? Can the money be taken back in any way by the purchaser? By the way the bank account details the seller will be using are for a seldom used empty account so no benefit to the purchaser to have them, money will be transferred out of it very smartly by seller.
Is this the safest way? Bank draft has been suggested but I don't think that is any better as they also have to clear and as it is a weekend it is not available anyway.
Thank you.
As an example let's say I am selling an item of high enough value 10k+, person looks at item and if satisfied wants to buy by doing a bank transfer on the day. It will be a weekend but both are customers of same Bank, not same branch, but I understand same day transfer will go through if both same Bank.
I understand bank transfer can be done on your phone these days (my phone doesn't even have a camera so am not familiar with that), so if one guy puts through the transfer and the other guy can see it in his bank account is that it? Is there any way this is dodgy or not safe? Can the money be taken back in any way by the purchaser? By the way the bank account details the seller will be using are for a seldom used empty account so no benefit to the purchaser to have them, money will be transferred out of it very smartly by seller.
Is this the safest way? Bank draft has been suggested but I don't think that is any better as they also have to clear and as it is a weekend it is not available anyway.
Thank you.