[tearidrusydet]

Hello,

Just wondering for future references when I get money sent to me if someone could scam you with these details. Account Number & Sort code (this is details needed for bank transfer, done it before etc)

So it's safe with those 2 and if someone wanted to scam you they need more details? Like account name? expire date etc yeah?

[pouslytut]

I think so but using a leverage system like PayPal that holds the money and only releases if the buyer gets his things is the good choice.

[Saqwnht]

I think so but using a leverage system like PayPal that holds the money and only releases if the buyer gets his things is the good choice.

PayPal don't do that. You're thinking of an escrow service.

[BiseCreesia]

Hello,

Just wondering for future references when I get money sent to me if someone could scam you with these details. Account Number & Sort code (this is details needed for bank transfer, done it before etc)

So it's safe with those 2 and if someone wanted to scam you they need more details? Like account name? expire date etc yeah?

I think they probably could. To setup a direct debit or standing order only takes sort code, acc no., name and address from what I remember? They could setup a direct debit to a dodgy company I guess. I only ever give out bank details to close friends and ask them to delete them after they used them to be sure. For randoms deffo use PayPal imo.

[gennickO]

If you give them your name (feasible) and address (if they want to return stuff), they're on to a roll.

The expiry date is just linked to your card, it's nothing to do with your bank account.

[RadcliffXX]

I think they probably could. To setup a direct debit or standing order only takes sort code, acc no., name and address from what I remember? They could setup a direct debit to a dodgy company I guess. I only ever give out bank details to close friends and ask them to delete them after they used them to be sure. For randoms deffo use PayPal imo.

So basically, any random bank employee could copy your information off your check as it goes through the system and use that to drain your account? Or any person you've ever paid with a check could do so before they cash it?

I would think you would need more than that to transfer money out of an account. I always thought most banks require you to do wire transfers over the phone, at least here, and every time I call the bank they always ask for ten tons of personal information (doesn't matter what I'm calling about).

I've been on the receiving end of a few wire transfers but that was a long time ago and I don't remember having to lift more than a finger besides giving out my account and routing numbers (to someone I trusted nonetheless). But then, I don't think they really care where the money is going beyond the person sending the money having the right target account (it's like, "OMG! Someone is trying to give me money without my permission? Never!" - well, I guess as long as it's not blood money or something).

[derty]

So basically, any random bank employee could copy your information off your check as it goes through the system and use that to drain your account? Or any person you've ever paid with a check could do so before they cash it?

I would think you would need more than that to transfer money out of an account. I always thought most banks require you to do wire transfers over the phone, at least here, and every time I call the bank they always ask for ten tons of personal information (doesn't matter what I'm calling about).

I've been on the receiving end of a few wire transfers but that was a long time ago and I don't remember having to lift more than a finger besides giving out my account and routing numbers (to someone I trusted nonetheless). But then, I don't think they really care where the money is going beyond the person sending the money having the right target account (it's like, "OMG! Someone is trying to give me money without my permission? Never!" - well, I guess as long as it's not blood money or something).

No, the worst that is possible in reality is them setting up a direct debit. In order to be a recipient of direct debits you have to be heavily vetted by your chosen financial institution so nobody is going to try and drain your account that way. The only other ways of getting money out of your account are your debit card or over the counter (which requires the debit card these days).

[pouslytut]

PayPal don't do that. You're thinking of an escrow service.

Huh? I recently bought a control to the computer via eBay and then I used PayPal, they held my money until the control arrived to me to avoid scam.

[Saqwnht]

Huh? I recently bought a control to the computer via eBay and then I used PayPal, they held my money until the control arrived to me to avoid scam.

Unless PayPal have changed the way they operate since I last used them (which admittedly was a while ago) all they do is transfer the money immediately when you tell them to; they aren't an escrow service.

[pouslytut]

Unless PayPal have changed the way they operate since I last used them (which admittedly was a while ago) all they do is transfer the money immediately when you tell them to; they aren't an escrow service.

I don't know if I used a special service but they did hold the money I sent to them before releasing it to the one that sold me an item.

[cajonnmu]

Hello,

Just wondering for future references when I get money sent to me if someone could scam you with these details. Account Number & Sort code (this is details needed for bank transfer, done it before etc)

So it's safe with those 2 and if someone wanted to scam you they need more details? Like account name? expire date etc yeah?

If you have a Paypal account, you can have the money paid into that and it'll be credited to the account you use to pay Paypal. Done this a couple of times.

[pouslytut]

If you have a Paypal account, you can have the money paid into that and it'll be credited to the account you use to pay Paypal. Done this a couple of times.

Can you read my posts and Bungles to check if he's the one that's right. Escrow service seems to be the name for those that hold money for the buyer so no the seller can't scam (or otherwise). Anyway, yes PayPal works great, I know a few people that use it to sell for a living.

[cajonnmu]

Can you read my posts and Bungles to check if he's the one that's right. Escrow service seems to be the name for those that hold money for the buyer so no the seller can't scam (or otherwise). Anyway, yes PayPal works great, I know a few people that use it to sell for a living.

I think we both are - you can certainly pay someone directly through Paypal - as I said, I've done it a couple or three times and it has been handy getting stuff from the UK through guys in clubs selling stuff.
Of course, you both need to have a paypal account - select the account you want to pay, how much (there's an exchange tool as part of it that, I assume takes into account handling charges) and it will debit your account* used for the Paypal purchases.

*I use VISA but would still only use it for smaller amount unless I REALLY trusted the chap or it was a gift.

[illiderob]

if the person scamming using paypal recieves the money then deletes the details and/or closes the account used then paypal wont recover the money - its a simple ` well we tried` - they are a company to make money and to safeguard there share holders interests.

[cajonnmu]

if the person scamming using paypal recieves the money then deletes the details and/or closes the account used then paypal wont recover the money - its a simple ` well we tried` - they are a company to make money and to safeguard there share holders interests.

Wouldn't that mean a claim against the credit card comnpany?

Anyway, isn't the topic merely a "safe" and easy way to transfer money, without any purchase?

[illiderob]

just putting my personal experience with paypal in perspective thats all ; if you want to send money and are confident you wont get scammed then use paypal.