Bank transfer payment request ( no PayPal )

Hi

So the few things I've bought and sold on the forum have always been through paypal, it seems to be the go-to standard for protection.

I am considering buying an item on the forum but the seller has requested bank transfer . They dont have PayPal and tell me they are unable to set it up. We are in separate cities so also unable to meet in person . I have voiced my concerns to the seller but they have offered no alternative.

I suspect I know the answer I will get to this question , but would anyone advise dealing in this way? Since searching for similar cases on the forum I have noticed other sellers asking for PayPal or bank transfer so maybe it's more common than I think . The seller has no visible feed back from previous buyers , though I have no other reason to doubt them. What genuine reasons do people have for not using PayPal ?

Thanks

Genuine reason? If you can afford to lose the money and are happy to feel like a mug for a bit.

Some folk object to PayPal on 'political' grounds.

Who's the seller? Someone might be able to vouch. What a City are they in?

Is @TinFoilTommy back on here?

How much can you afford to piss into the wind?

Not saying that the seller is bent, but where is your protection as a buyer?

There are genuine objections to Paypal, but that doesn't detract from the fact that it leaves you buck-neck'd...

I won't name them in the thread right now but they are in London, and have been on the forum around a year with a couple of comments, nothing to really vouch for their reputation.

Thanks, I've asked the seller again why they wont use PayPal, I'll see what they say .

.

This is maybe a bit of a late reaction but maybe it can help others:

A valid reason not to use Paypal (as a seller) is that there are limits on what you can sell on annual basis. That is: when you receive more than 2500 € on your account (on annual basis), Paypal has to inform the fiscal administration about it. Mostly only thing you have to do is send some "proof" you're not a professional trader but sometimes they do dificult and will classify (a part of) these "sales" as revenues and raise taxes on them.

I recently sold some of the stuff I collected in the past 25 years of cycling and I'm about to exceed that 2500 € limit. I think that when I'm selling one of my complete bikes,I'll ask for a bank transfer too. Just to avoid paying taxes on "added value" that's isn't there.

Zzzzz.....edit as thread 6 month old