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Old 19.03.2021, 17:02
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Bank protection against scammers?

There is something i'd like to buy from someone in a couple of weeks. Apparently they have interest elsewhere but because I was first to ask to purchase, they did the honorable thing and gave me the opportunity first. We both prefer to do the exchange in person in a couple of weeks when they and I are in the same town however, clearly the are having doubts about me completing the sale and so they have asked for a deposit. They are worried if I don't buy, the other potential buyer will have lost interest or moved onto a different sellers items.

If I pay the deposit this weekend, I wont be able to see this person for a couple weeks as mentioned above. I have their bank account details. If I use my UBS account to transfer some funds to their account, is there anything that can be done if the person turns out to be a scammer?

Yes, I've met them, yes I have their phone number. No address (this could always be made up) nor copy of ID.
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Old 19.03.2021, 17:04
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Re: Bank protection against scammers?

No, as you paid that amount. No way to return the funds if you initiated the payment.




Maybe with PayPal?
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Old 19.03.2021, 17:15
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Re: Bank protection against scammers?

I would just write a quick contract stating that you will pay a deposit of X and ask them to sign it before transferring the money.
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Old 19.03.2021, 17:41
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Re: Bank protection against scammers?

Do it with paypal. You can even get them to refund the transaction when you meet them and pay them cash. Honestly if I was the seller I would make a deal with whoever put the readies in my hand first, no matter who contacted first. The "you were the first" thing is often used in scams. It's also sometimes used just to cover up that no-one else was interested. If the seller won't take paypal or won't wait for you then I'd say let it go or change your plans to meet earlier.
BTW even if you do leave a deposit there's noting to stop the seller selling to someone else in the meantime.
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Old 19.03.2021, 19:20
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Re: Bank protection against scammers?

What exactly are we buying here and how much?
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Old 20.03.2021, 02:08
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Re: Bank protection against scammers?

How much money are we talking about?

If you have any registered business and a corresponding bank account, you may try to go with something like a letter of credit (Akkreditive) or a bank guarantee and bind a contract to it (sorry for the link to the corporate section, these services are not directly advertised at the UBS website for private clients, but I definitely used it in the past - it was pricey, but well worth it). If you are a private person, but the amount of money is substantial to bother bankers, then you can get the similar service privately.
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Old 20.03.2021, 02:18
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Re: Bank protection against scammers?

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No, as you paid that amount. No way to return the funds if you initiated the payment.
You could return the money through the court system. Assuming they have the money to pay and won't run away into a different country


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I would just write a quick contract stating that you will pay a deposit of X and ask them to sign it before transferring the money.
Pointless paperwork. Email exchange is sufficient evidence of contract
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Old 21.03.2021, 21:58
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Re: Bank protection against scammers?

its not so much money but still, you'd be angry if someone stole even a 20 from you just because of the principle right?

I've taken the chance based on some positive evidence.
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Old 24.03.2021, 05:32
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Re: Bank protection against scammers?

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its not so much money but still, you'd be angry if someone stole even a 20 from you just because of the principle right?

Absolutely. Just sometimes it is easier/cheaper to go without financial risk mitigation tools, but rather rely on other means of protection. E.g. reporting to the police or, purely hypothetically, peeing in their rose bushes (IDC that we are neighbors and good friends, he knows the price for stealing from my compost bin ).


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I've taken the chance based on some positive evidence.

Would be nice to have a reason to congratulate you with a good deal, hopefully.
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Old 24.03.2021, 11:27
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Re: Bank protection against scammers?

It's a pretty common technique with scammers. Personally I would not do it... as others have asked, what's the item and how much money is involved ? Where is the person located that you can't just go and get it...
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