Payment for Car

[sp3ctre]

I paid for my last two new cars on a debit card which took money directly from my current account and credited theirs immediately.

The only thing u may have to do is tell the Bank in advance the day & beneficiary, just so none of their fraud prevention kicks in.

I did the same, called the bank first, they asked some security questions (exact amount, who the payment is to etc) and then gave me a 30 min window to do the transaction. I guess they tell their fraud prevention to calm down for 30 mins or so.

 

[Swiftly]

I paid for my last two new cars on a debit card which took money directly from my current account and credited theirs immediately.

The only thing u may have to do is tell the Bank in advance the day & beneficiary, just so none of their fraud prevention kicks in.

I did the same, called the bank first, they asked some security questions (exact amount, who the payment is to etc) and then gave me a 30 min window to do the transaction. I guess they tell their fraud prevention to calm down for 30 mins or so.

^^^ What they said

 

[Quadracer]

We accept payment by card through HSBC Merchant Services which is one of the fastest. Even with them, we take payment today and it goes in our account tomorrow morning around 9.00am. It then shows as uncleared funds for two days before you could draw against it.
With BACS it takes two days and can be stopped within that time. CHAPS is instant but costs you. The cheapest way is Bill Payment at HSBC (direct transfer). Most banks now do direct transfer, a warning says within two hours but its always been instant for me.

 

[Drefoldn]

Have spoken to them and the reason they want the money by bank transfer is that they are selling the car on behalf of someone else, so if using the card machine it takes 7 days for them to receive the money and then will be another 7 days to the other company/owner.

I can understand the reasons behind this and proof of purchase and warranty will all be provided.

Do you think this is a safe option? And they have said it's fine to transfer the money when I go to pick up the car.






If all checks out, paying by bank transfer in person is generally safe. For managing such transactions and keeping track of your payments securely, you might also find Carteza useful—it’s a reliable platform to monitor and handle financial transfers efficiently.

Transferring the money in person when you pick up the car can be safe if you take a few precautions:

1. 
   
2. Meet at a safe location – Preferably at a bank branch so you can make the transfer there and get instant confirmation.
3. 
   
4. Verify the seller – Make sure you have clear proof that they are authorized to sell the car on behalf of the owner.
5. 
   
6. Check the paperwork – Ensure the registration, proof of purchase, and any warranties are all ready before transferring funds.
7. 
   
8. Avoid sharing sensitive info unnecessarily – Only provide bank details required for the transfer, and double-check the account number matches the seller.

If all of the above checks out, paying by bank transfer in person is generally safe. Meeting at a bank is often the best option to avoid any risk.

​

 

[sp3ctre]

Holy thread revival, Batman!