specialvat Posted January 15, 2009 Report Share Posted January 15, 2009 Hi All, I m thinking of selling a high price item over the internet, and was wondering what payment methods everyone uses. I m a child of ebay so I m only really familiar with paypal, Is bank transfer safe as I dont like the idea of anyone knowing my account and sort code. Any input would be most welcome, and thanks for your time. Link to comment Share on other sites More sharing options...
Demsey Posted January 15, 2009 Report Share Posted January 15, 2009 I opened a separate bank account with a Visa "check card" for internet purchases. I transfer/make a deposit for only the amount of the pending purchase, and otherwise keep a $50 balance for maintenance fees as it sits idle. That is some protection from an illicit withdrawl, but still may expose your personal information if a 'hacker' were determined I suppose. Not really sure how that all works. Link to comment Share on other sites More sharing options...
Raijor Posted January 15, 2009 Report Share Posted January 15, 2009 I have used wire transfer and bank draft for selling and buying expensive watches. I have sold and purchased several gen Rolex Datejusts over the years and not had any problems. Do your homework on your buyers and make sure the draft actually clears before shipping your item. Best of luck. Link to comment Share on other sites More sharing options...
specialvat Posted January 16, 2009 Author Report Share Posted January 16, 2009 Thanks guys, I m still torn as to actually sell. I just fear getting ripped off, its that which may put me off. Link to comment Share on other sites More sharing options...
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