Seller wants bank transfer, is this safe?
Post 1 of 18
is it safe if it is a bank transfer? how much of a risk of loosing my money if this is a scam?
09 Dec 2005 11:01
Post 2 of 18
Depends on transaction details, what kind of product is it, who is it, etc. If you can provide this info it would be a help and great assistance....
09 Dec 2005 11:34
Post 4 of 18
Replying to lauren0612:
I agree don't do it. Once your cash is in their account it is gone forever. Save yourself some money and frustration.
I agree don't do it. Once your cash is in their account it is gone forever. Save yourself some money and frustration.
09 Dec 2005 16:10
Post 5 of 18
100% t/t in advance, forget it. You need to go with an LC on the first transactions. Then once there is atleast some trust you can send on faxed copy of the onboard bill of lading. If your buying FOB, and you should be, then your shipping agent overseas is the one you can trust to tell you the cargo was received.
We find many suppliers are willing to go with t/t agains the
We find many suppliers are willing to go with t/t agains the
09 Dec 2005 16:30
Post 6 of 18
Hi,
A bank transfer can be reversed for some peoples information, Your bank will reverse the transfer if you report as being fraudlant.
Hope that helps.
John Davis.
john@bitsbytespcs.com
Sales Manager.
Bits, Bytes & Pc's.
TF:866-362-2487
D:613-749-4756
T:613-749-7283
F:613-749-9957
Website:http://www.bitsbytespcs.com
A bank transfer can be reversed for some peoples information, Your bank will reverse the transfer if you report as being fraudlant.
Hope that helps.
John Davis.
john@bitsbytespcs.com
Sales Manager.
Bits, Bytes & Pc's.
TF:866-362-2487
D:613-749-4756
T:613-749-7283
F:613-749-9957
Website:http://www.bitsbytespcs.com
12 Dec 2005 03:12
Post 7 of 18
NO NO NEVER EVER DO IT.
ONCE MONEY CLERS INTO THEIR ACCOUNT YOU HAVE TO FORGET ABOUT MONEY AND ALSO THE PRODUCTS
ONCE MONEY CLERS INTO THEIR ACCOUNT YOU HAVE TO FORGET ABOUT MONEY AND ALSO THE PRODUCTS
12 Dec 2005 22:04
Post 8 of 18
Replying to pranumi25:
somehow I agree with you.Once the money is gone, it's gone.I do not think the bank will return the money even if you report it as fraudulent practice (or maybe the bank will, provided the has not yet cleared out (taken) the money from his account)
somehow I agree with you.Once the money is gone, it's gone.I do not think the bank will return the money even if you report it as fraudulent practice (or maybe the bank will, provided the has not yet cleared out (taken) the money from his account)
13 Dec 2005 01:45
Post 9 of 18
Replying to trado:
I don't believe the bank will reverse anything unless you are a very large customer. I can't see a bank agreeing to take a few thousand dollar hit due to your stupidity. If the money is still in the other persons account they may be able to work with the receiving bank on freezing the amount if you could PROVE fraud was occurring (not as easy as you may think), but you are dealing with a total crap shoot. I wouldn't do it for all the ipods in china.
I don't believe the bank will reverse anything unless you are a very large customer. I can't see a bank agreeing to take a few thousand dollar hit due to your stupidity. If the money is still in the other persons account they may be able to work with the receiving bank on freezing the amount if you could PROVE fraud was occurring (not as easy as you may think), but you are dealing with a total crap shoot. I wouldn't do it for all the ipods in china.
13 Dec 2005 05:20
Post 11 of 18
Replying to [jenn]:generally speaking ,if you are working with one owning the factories,I am sure it is very safe.
If not ,if you are doing businesses with a foreign trading companies ,you have to first identify its credit situation.Maybe this process is difficult for you considering two different places ,and so far,not convenient for both you to meet together.You can try more emails and more questions knowing about it.Probably you can resort to your friends in that country,or give your ideas in the forum for help.
Only can you find it reliable ,or it is very dangerous and aslo you will be very worried in the whole process.
If not ,if you are doing businesses with a foreign trading companies ,you have to first identify its credit situation.Maybe this process is difficult for you considering two different places ,and so far,not convenient for both you to meet together.You can try more emails and more questions knowing about it.Probably you can resort to your friends in that country,or give your ideas in the forum for help.
Only can you find it reliable ,or it is very dangerous and aslo you will be very worried in the whole process.
10 Apr 2006 00:59