Depositing Into Another Person's Bank Account | Ramblings of an e-trader

Thursday 9 April 2009

Depositing Into Another Person's Bank Account

I read about a case where a buyer was told to deposit payment to a bank account that does not match the name of the seller. This buyer does not know what to do, or if she should even proceed with the transaction.

This is one problem many people face when shopping at Lelong, unlike shopping on eBay US where they are striving to implement a PayPal only payment method.

In any case, when it comes to online shopping, never be too trusting. Make sure that you are paying the seller and no one else so that there is accountability should anything goes wrong.

If you do come across such a case where you are told to make payment to a bank account where the name of the account holder does not match the name of the seller, report it to the administrators. You are not supposed to go through with the transaction until and unless further clarification has been conducted.

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