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Is paying by bank transfer safe?

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  • 29-09-2010 12:33am
    #1
    fmcattack
    Registered Users Posts: 81 ✭✭


    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


Comments

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    #2
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    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
    fmcattack
    Registered Users Posts: 81 ✭✭fmcattack


    :) hopefully it won't cone to that!

    Thanks though for your help


  • Options
    #4
    Solair
    Closed Accounts Posts: 7,230 ✭✭✭Solair


    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
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Moved to Banking & Insurance & Pensions

    dudara


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