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How secure is it for sellers to accept TT?
Post 1 of 5
Are there any risks to sellers for accepting TT payments?  Will I be contacted 6 months down the line that I received payment from a fraudster and ask for the money back?
03 Nov 2005 13:24
Post 2 of 5
seekerone
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T/T is like 100% up front Payment...now let's see if Sellers have any risk..hmmm....00000000000000000%
03 Nov 2005 18:48
Post 3 of 5
Quoting from [seekerone]:


T/T is like 100% up front Payment...now let's see if Sellers have any risk..hmmm....00000000000000000%



T/T is just a method of payment, it does not have to be 100% payment up front.  You can take a T/T payment which is just say, 40% of the value as a deposit.

The point of the question is, would there be any chance of my or their bank telling me that I was dealing with a fraudster and take the money back from me.

05 Nov 2005 01:59
Post 4 of 5
Quoting from [Weikee]:

Quoting from [seekerone]:



T/T is like 100% up front Payment...now let's see if Sellers have any risk..hmmm....00000000000000000%




T/T is just a method of payment, it does not have to be 100% payment up front.  You can take a T/T payment which is just say, 40% of the value as a deposit.

The point of the question is, would there be any chance of my or their bank telling me that I was dealing with a fraudster and take the money back from me.

 

Its as good/secure as it gets for a seller. Once the money has been paid the sender can't cancel the transaction, nor can the bank cancel it or take the money away from you.

05 Nov 2005 02:31
Post 5 of 5
luckyrich
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Overall Ranking MVP:0 Rank:1,841,316
Quoting from [Weikee]:

Quoting from [seekerone]:



T/T is like 100% up front Payment...now let's see if Sellers have any risk..hmmm....00000000000000000%




T/T is just a method of payment, it does not have to be 100% payment up front.  You can take a T/T payment which is just say, 40% of the value as a deposit.

The point of the question is, would there be any chance of my or their bank telling me that I was dealing with a fraudster and take the money back from me.



Firstly, no one can tell you the one that you was dealing with was a fraudster.

Secondly, if both of you thought that TT would be the best method of payment, then you have to compromise the terms of payment, such as ?% deposit and balance by TT against documents......etc.

05 Nov 2005 19:54
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