Originally Posted by
tony41
All these relate to actions taken by a seller in an attempt to defraud a buyer.
In the OP's case it was a buyer who requested the details as a method to pay by bank transfer which is common in Europe.
The details needed are no more than if you send a cheque to anyone and a cheque contains a signature. However, you can accept payment by whatever means you are happy with. You state clearly what payment methods you accept. If someone offers a different payment method you can refuse it if that is what you decide to do.
I have bank transfer listed as a payment method but only one buyer has tried to use it but was put off by the charges that their own bank applied.
Yes but if a buyer gets your bank details they can set up debits as the O.P. stated in their 1st post.
Quote
International buyer wants to do direct bank transfer
In the past we had a really silly situation where a bidder asked for bank details and then set up direct debits on accounts - no-one lost money and the police insisted there was no crime but it took about 40 hours to sort it out so I'm a bit wary of passing bank details out.
I usually use a savings account when UK buyers want to do transfers as they can't set up anything on those.
Are there any risks associated with giving out the IBAN number etc,please?