Irreversible bank wires

O

o hai guyz

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Jan 15, 2010
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I'm planning to sell one of my websites and assumed bank wire transfer would be the best way to accept the payment (obviously not taking paypal or cc, to prevent dispute/chargeback fraud). However I remember a couple years ago when I was a publisher with EWA (lol) they sent me the usual weekly wire and then reversed it later that day when they realized it was the wrong amount. I also know when people pay via bank transfer on paypal, they can still contact their bank to issue a reversal.

Is there a specific type of wire that is irreversible under any circumstances? I'd prefer not to have to ask the buyer to deliver cash or even bitcoin because both of those options are going to sound sketchy and might put off the sale.
 


If you are that worried about it then use escrow like everyone else. I've personally never had a problem using any of the above methods, but I also have my shit in order and contracts signed...
 
"reversing" a bank wire is illegal. you have 48 hours to pull it back. They cannot remove the money from your account after its been sent.
 
The network payments you received (as well as your online bill payments) are generally setup as ACH, which are reversible. Bank wires are a different animal and are not reversible. At least that's how I understand it.

As mentioned above, Escrow.com is used for a lot of website transactions, but it has flaws too. The biggest one being there is no 3rd party to hold your domain name during the escrow process. For that reason you might want to use the escrow service by Sedo since they will hold the domain as well.
 
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