Im selling a phone on ebay and would like to receive payment via my bank. Ive always used paypal but because of there high fees and the risk of fake payment via stolen accounts I thought Id offer to accept a bank payment.
It should be instant so I can post phone straight away - where Id rather wait a week with paypal to be sure payment hasn't be reversed.
What details would I have to give the winning bidder? (bank account number and sort code, anything else?)
Is there a chance I could be de-frauded using this method?
I will of course go into my bank to confirm that payment has been received before I post phone - but what is the chance the payment could be reveresed???