Question about bank transfer

Can someone please tell me how on-line bank transfer works? can they charge back money? How's the fee works? What information do i need to give to the buyer?

 

I'm not 100% sure if they are reversable, i don't think so though.

Wire transfers however are 100% safe and instant.

 

ok thank you, any other information

 

Think you'll have to give the sender your routine numbers and other personal info which people may be able to use against you if they're looking to identity theft you.

Not entirely too sure but when I accepted a payment via bank transfer the guy gave me all the afore mentioned information

 

Bank Wires.. I've done more than a few here at Sythe and actually prefer it when doing trades above the $1k mark. As for the information required, yes, you must provide the bank information to include bank account name and bank account number. However typically when I'm doing trades at this level, I require personal contact info so this should not be a biggy. As for the risk, a wire transfer is like a weapon, once you pull the trigger you can't call the bullet back. Best of luck and stick to members that have proven track records.

 

The transfer is irreversable.
In some cases you're going to need detailed adress info on bank and the account holder, sometimes just their name, IBAN and BIC.

 

I think it varies from bank to bank. I personally only take the two banks that I have since I'm familiar with their systems and have a feeling for when I'll get the money (for example: Bank of America to Bank of America is essentially instant and all they need from me is last name, account number, zip code).