> Why isn't it? Wire transfers are a common form of
> payment for business transactions. If you purchase
> something on e-bay and use pay-pal, aren't you are
> paying via a wire transfer system.
>
> If someone wants to buy your car, and you request a
> receipt of a wire transfer prior to transferring the car
> (or goods) to the purchaser as a condition of the
> purchase, why would you consider this unsafe?
> I can only imagine it unsafe if you released
> your interest in the car prior to your confirming
> the receipt of the money in your account. I
> suppose if one was particularly suspicious, one
> would immediately withdraw the monies from
> one's account in cash upon receipt of the transfer
> ....preferably in small denominations.....and, considering
> the average price for most Triumphs, this wouldn't
> be much!
>
> Percy
>
>
>
> In a message dated 5/27/2003 8:34:03 PM Pacific Daylight Time,
> gprtech@frontiernet.net writes:
>
>
> >> This is safe? Isn't this the premise of all of these online scams?
>>
>> <A HREF="mailto:Percybal@aol.com";>Percybal@aol.com</A> wrote:
>> >>> In a message dated 5/27/2003 6:33:18 PM Pacific Daylight Time,
>>> <A HREF="mailto:listreader@pvision.co.uk";>listreader@pvision.co.uk</A>
>writes:
>>>
>>>
>>>
>>> >>>>
>>>>
>>>> A bank check "is" a bank check, except when it is a "Forged" bank
>>>>
>>>
>> check,
>>
>> >>>
>>> >>>> then it is "toilet paper".
>>>>
>>> Note for the truly paranoid : the same thing applies even to cash money.
>>>
>>> Counterfeit bills are usually detected pretty promptly, or not at all, but
>>> if the bank finds out several days later that you made a deposit with
>>> counterfeit bills, guess who loses !
>>>
>> One way round this is to walk the buyer to the nearest bank and to change
>> all the money into different cash denominations. I've done this and it
>> certainly takes a lot of the worry out of dealing with unknown buyers
>>
>> Of course once you've changed the money you can bank it at the same bank...
>>
>>
>
> Another way is to have the funds wire transfered to one's account. This is
> usually the safest, easiest and surprisingly inexpensive. If someone if
> willing
> to issue a bank cashier's check, they should be willing to make a wire
> transfer. If not, it is time to walk...away from the deal. There are always
> other cars.......Out of lurk mode......
>
> Percy Ballentine
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