Is it OK to give out your bank account details on ebay?
I’d like to accept direct bank transfer for my business on ebay. Is it safe to give people your bank details? I was going to keep an account especially for payments in, and keep it so that there wasn’t much money in it just incase.
Advice much appreciated.
Tags: Account, bank, bank details, details, direct bank transfer, ebay, give, much money
Related Items
- How long do I need to wait before adding my bank details to a new Paypal account?
I had an old paypal account that I don't want to use anymore. I removed the Sort and account number, and tried to add it to another Paypal account but... - What percent does your bank account give you?
I know that with some, or all bank accounts, the bank will loan out your money, and the person who gets the money will pay interest, and you get some ... - What is a good bank to open a checking and savings account?
Currently I'm using Washington mutual. But as we all know, they are going down fast. What bank should I look into? I don't have much money, so I can't... - What details do I need for a bank to trace a payment by cheque made into my account?
A customer says she has paid but I cannot find an amount that matches on my statement. I want to ask her to consult her bank as to when the cheque was... - How can I receive money on ebay using my new paypal account?
I opened a new account because I opened last one in Thailand and I had a U.K bank. It works fine for buying on ebay, but when I received money there i... - What bank and type of bank account would you recommend a high school student get?
I'm not sure what bank to go to, some say Washington Mutual, but others say Bank of America. What do you recommend? Also, I don't make that much money... - How do you transfer money from your bank account to your Paypal account?
I am trying to use eBay with my bank account. How do I get money from my bank account to my paypal account? My bank account and Paypal is already tied... - How does bank get paid for fraud claims?
If there was a fraud where someone used your personal info to open a paypal account and used your own bank account and took your money (by transferrin... - How long does paypal take to verify a bank account?
Hi, i recently sold something on eBay UK, and the buyer is telling me that he needs to verify his UK paypal account with the bank as he's reached his ... - How long does it take for a PayPal payment to go into your bank account?
I have jst sold some items on ebay, the payment is showing on my paypal accnt but it isnt in my bank account yet. How long should it take?? ... - How do i transfer balance from my paypal to my bank account?
I have been selling stuff on ebay and today when i got a mini statement at the bank did i realised nothing had been payed in. I thought the money i ma... - Is it possible to give to your employer somebody else’s bank account to pay your wage in it?
Is it possible to give to your employer somebody else's bank account to pay your wage in it,like my mum,she still doest have one so is it possible her... - How do I change benefit payment details so they get paid into a different bank account?
I am currently recieving disability living allowance and also income support with the severe disability premium. How do I change banks so that they p... - How can I get a new account on ebay when my bank account is frozen?
I only have the one bank account, anyway of getting to re-use on ebay? ... - How do you get refunds on ebay from paypal back into your bank account?
My partner has been given a refund on ebay as something he bought is now discontinued, his paypal says that the money has been refunded but we don't s...
May 25th, 2010 at 9:04 am
i dont think it is safe personally, but i am a bit of a worry-wart.
May 25th, 2010 at 9:11 am
stick with paypal.
May 25th, 2010 at 9:15 am
whatever you do don’t give it out
unless it is a secure site.
May 25th, 2010 at 9:37 am
I personally would stick with paypal or bidpay…
May 25th, 2010 at 10:13 am
I have ordered many things from ebay however i have paid for it through paypal, which i have had no problems with.
May 25th, 2010 at 10:17 am
i wouldn’t, its not safe. from those details they can clone you and cause serious trouble. look at Jeremy clarkson, he took the Micky out of people worrying about their details, gave his bank account details out in the paper and someone set up a direct debit for five hundred quid a month on his account.
better to be safe than sorry. pay pal is a better way of doing this or accept a personal cheque or postal order but giving out bank details, um i wouldn’t.
May 25th, 2010 at 10:26 am
Giving bank account details into the unknown must be risky just keep transferring the money out of that account as you recive it.
May 25th, 2010 at 10:33 am
i use paypal for ebay and have never had a problem, with paypal though i dont think you can ever transfer th money into ur bank account. as far as im aware it work like this
u sell an item for £20- that £20 goes into ur paypal account and stays there until u buy something, i u bought something that was £10 then 10 would come out of your paypal account and there would still be 10 left in ur paypal account, does this make sense??
May 25th, 2010 at 11:15 am
You’d be better opening a Paypal account. It’s free and easy.
May 25th, 2010 at 11:29 am
This is really most unwise. You lay yourself open to the scammers. Don’t do it.
May 25th, 2010 at 11:33 am
Publishing your bank details on eBay is like inviting a whole load of stinking trouble round to your house for tea
May 25th, 2010 at 12:06 pm
Just be careful who you give your personal information to
May 25th, 2010 at 12:19 pm
If you notice most items on EBay will not display bank details until “checkout” after purchasing the item which would mean that only the purchaser would see the details. Personally I always deal through Paypal because of the added insurance that Paypal covers for any problems which I have had to use a few times myself. Pay pal can link to credit card or to bank account but having your bank details in the “checkout” also purchasers who do not wish to use Paypal the possibility of purchasing your goods.
May 25th, 2010 at 1:03 pm
firstly what do you mean by, Is it safe to give people your bank details?what people do you mean,the only people i would give my details to was pay pal when i first set it up. once its set up you should not have to give them the details again, never give your details out to anyone unless you know its a secure site and you know what your doing. pay pal is very good i use this when paying for goods and selling goods
on eBay.
May 25th, 2010 at 1:23 pm
Use a different bank checking account and use it through PayPal.
May 25th, 2010 at 2:06 pm
YES IT IS SAFE….But …
…only to individuals… DON’T simply put your details up for everyone to see, only give them to the person once they have ‘won the bid’, and then only through the Ebay Email channel.
The Bank details you give out are exactly the same as if you handed someone one of your cheques… The bank details off your cheque are all they need to make a BACS payment into your account. What I mean is, if you are happy to send a cheque to a stranger, then it is exactly the same ‘risk’ as giving him your bank details. Your Sort Code, Account Number and Account Name that are on a cheque, are the only things they will need to pay you the money via BACS, internet or telephone banking.
Just beware that you don’t send the goods until the money hits your account, as even though they say they have instructed their bank to initiate payment via the BACS system, they can still cancel that instruction in the 4 days that the transfer takes to hit your account.
May 25th, 2010 at 2:26 pm
I would not suggest giving any of your banking details out, even if this account is going to have very little money in it and only be used for payments coming in. You won’t know the person on the other end whom you are giving this information and who knows what they will do with the info once they have it. On top of that, my bank charges $28.50 for each transfer like this and I would not be paying you for the item plus shipping and then having to pay another $28.50 to get you the money you are owed!
November 6th, 2011 at 10:09 pm
A formidable share, I just given this onto a colleague who was doing just a little evaluation on this. And he in truth purchased me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to discuss this, I feel strongly about it and love studying extra on this topic. If possible, as you develop into expertise, would you mind updating your weblog with extra details? It is extremely useful for me. Large thumb up for this weblog publish!
November 19th, 2011 at 12:03 pm
When I click on your RSS feed it puts up a whole lot of unformatted html, is the problem on my end?