I'm selling an item on Facebook (£100 value) and a potential buyer wants to pay me via 'BACS' (bank transfer?) rather than Paypal as he's been "screwed over" by Paypal. I've always dealt via Paypal in the past, can someone give me the skinny on BACS as a payment method? anything to watch out for? time it takes? reversable? cons? fees?
Any help appreciated.