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In my paranoid conspiracy theory way, it seems that those companies such as PayPal want us all to not trust each so that we willingly give them a piece of our action.
I agree that I do not want to give my bank account info to anyone I do not know... even though it's on every check I write along with my signature.
I asked this question in the first place because ebay advises against wire transfers but when I read why, it seems that the wire places the seller at risk, not the receiver.
The most useful information to me, is hearing that we have no recourse on international sales. That is a great reason to only sell in the USA.
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btw - a western union moneygram is not a wire transfer...
that is scam that everyone is confusing with wire transfers
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I do wire transfers OUT of the US all the time. You have to authorize those sorts of debits to your account with showing up face to face -- ID required if the teller is uncertain about you and then your signature at the bottom of the wire transfer form.
The bank is not going to allow just anyone to remotely debit your account; but go ask the bank for those reassurances/gurantees. OR do what a lot of eBayers do: set up another dedicated account for eBay with only enough money in a timely manner in the account.
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[quote loveshine]when I read why, it seems that the wire places the seller at risk, not the receiver.
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How did you menage to misunderstand the wire transfer concept is beyond me.
How does the wire transfer place the seller, the receiver of the wire, at risk?
Go ahead explain. Give us an instance, an example.
Wire transfers is the way banks move money around. World wide.
You get the money, with no possibility of any charge backs, in your account.
The money in your account is now yours. Period.....
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Western Union wire transfer or whatever you prefer to call it is absolutely zero risk to recepient. You go to your local grocery store or whatever, fill out a short form, get a check, and usually cash the check at the same time. How can that be a scam.
Most people don't know what they are talking about. Like those who say that USPS is safer because they will enforce mail fraud. They won't do anything except take your money and wait for retirement.
