Bank transfer as my payment option - is this safe?

Free Member
ljohn17
Posts: 25
Joined: 17 Dec 07
Karma: 
8 Feb 08 03:29:24 am
Hi! I recently started posing items on Craigslist because eBay shut me down for stupid reasons. However I ran across someone who wants to send me money via bank transfer and then have his UPS person come pick up the package from my house once the payment clears. He then asked me for my bank number and transit number. Is this normal or is there a way he can steal my money with this information?

Full Member
fm1234
Posts: 836
Joined: 14 Dec 05
Karma: 
9 Feb 08 01:14:23 am
Is he sending you a wire or an ACH/EFT transaction? If it's the latter, refuse. This is an extremely unsecure way to do business with an unknown party. Wires do not have the same problem -- but not sure I'd use it either. Ask for a cashier's cheque, and volunteer to pay the costs of having it issued and sent to you (


"Failure is not when you fall down. Failure is when you don't get back up."

--J.J. Luna
Full Member
sircaesar
Posts: 11
Joined: 17 Jan 08
Karma: 
9 Feb 08 09:19:18 am
Ljohn17, under no circumstances, accept any check, or money order proposition on craiglist.. almost 100% of these types of transactions are fraudulent.. take a look at craiglist home page, which bewares buyers of making these transactions.. especially if the buyer is not local.. the scheme works simply like this..
the money orders and checks are phonies.. the plot of the fraudulent seller is for you to ship the goods, on receipt of the check.. he is banking(so to speak) on you depositing that check and then releasing the goods.. however it can take days if not weeks in some cases for the bank to catch it.. and when the bank catches it..
their charging you for it.. they may even think your part of the scam.. under no circumstances accept this form of payment..

the fraudsters will always do up a general email, it may sound something like this..

Hello Sir. I saw your advert on the craigslist, i would like to know if the item is still available.. i would like to pay by cashiers check or money order..

you will notice the following characterisitcs, that all of these are general terms.. the buyer will never come out and actually mention the product your selling.. because they use robots to mass harvest email addresses in craiglist and mass post to everyone posting an ad.. a lot of times the fraudsters grammer and english will be poor if at all readable..

what the jerks don't realize is that we get email like this everyday from different email addresses..

in any event.. try to do business locally in your city or area where you can actually meet the person in person for a cash transaction..
if you have to deal out of state or country.. Wire transfer thru Western union only!

Full Member
fashionwholesalers
Posts: 42
Joined: 20 Jan 08
Karma: 
12 Feb 08 09:30:34 am
Ljohn17, under no circumstances, accept any check, or money order proposition on craiglist.. almost 100% of these types of transactions are fraudulent.. take a look at craiglist home page, which bewares buyers of making these transactions.. especially if the buyer is not local.. the scheme works simply like this..
the money orders and checks are phonies.. the plot of the fraudulent seller is for you to ship the goods, on receipt of the check.. he is banking(so to speak) on you depositing that check and then releasing the goods.. however it can take days if not weeks in some cases for the bank to catch it.. and when the bank catches it..
their charging you for it.. they may even think your part of the scam.. under no circumstances accept this form of payment..

the fraudsters will always do up a general email, it may sound something like this..

Hello Sir. I saw your advert on the craigslist, i would like to know if the item is still available.. i would like to pay by cashiers check or money order..

you will notice the following characterisitcs, that all of these are general terms.. the buyer will never come out and actually mention the product your selling.. because they use robots to mass harvest email addresses in craiglist and mass post to everyone posting an ad.. a lot of times the fraudsters grammer and english will be poor if at all readable..

what the jerks don't realize is that we get email like this everyday from different email addresses..

in any event.. try to do business locally in your city or area where you can actually meet the person in person for a cash transaction..
if you have to deal out of state or country.. Wire transfer thru Western union only!


DON'T EVER TRANSFER MONEY WITH WESTERN UNION UNLESS YOU KNOW THE PERSON PERSONALLY!!!! Most people have Google Checkout or Paypal nowadays, use this method, or if it is ONLY in the USA you can do a T/T. Or just setup a MOTO merchant account through authorize.net or Paypal.

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