Hello everyone, I need your suggestion for a Bank Transfer. I'm going to buy something from a person living in Malaysia. He's telling me to do Bank Wire Transfer as my PayPal is limited and he don't have a MoneyBookers. Suppose, I sent him the money via Bank Transfer and he scams me, what am I supposed to do then. The amount is $600 and it's quite a big amount for me and I can't afford the loss. So please suggest me what actions can I take if I get scammed ?
Tell him you will transact through Escrow. Escrow holds the money and pays the seller after you recieve the item. Escrow charges a fee for this service...you both can split the fee so it will not be too much of a loss for either. https://www.escrow.com/support/faq/index.asp?sid=2
wire transfers can not be reversed, but you can still report him to police alternative would be sending funds through escrow, but again you must find reliable escrow service, there are a lot of scamers in this area of business
Okay, it is a given rule for the most part to use Escrow for transactions over $500. If he says he doesn't have one, tell him to create one...Otherwise, that is your first sign he is a scammer...I personally use Escrow for most transactions over $200 to be on the safe side...So I STRONGLY AND HIGHLY suggest using Escrow!
Suppose, I have no idea how this Escrow works. Can you please let me know please ? Suppose, if I get scammed while doing the Bank Transfer, whom should I report ? I don't think the local police will take any action for the mishap.
Read through this thoroughly and other content in the FAQ link I posted above. You can open an account in Escrow for free and get familiar with it. https://escrow.com/solutions/escrow/process.asp If the item you are buying is not illegal you shouldnt have any problem with using Escrow.
The thing I'm buying doesn't have any invoice so the thing can be called illegal. I just want to know what can be done if I get scammed via Bank Transfer. Please suggest me something.