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If the seller is unknown to the buyer and doesn't have a track record on the forum then I agree, a bank transfer is unlikely as there is no recourse for the purchase of second hand goods via bank transfer as far as I'm aware. Majority of buyers would feel safer with PayPal payment for goods/services as you can open a dispute if there is an issue with the goods/bike after purchase.
ElGonzo
Hey, Thanks for the comment - The bike is for collection only in London so I am not asking for payment in advance.
I believe that bank transfer is just the safest option vs cash for both the buyer and the seller when you sell something and the buyer comes to collect the item in person.
As a buyer what would be your concern for a bank transfer payment after we meet F2F and you leave with the bike after the payment? Unless I am missing something, I think cash is much more risky.
Also, I checked the rules and I couldn't find anything about payment type restrictions - if I missed something, please feel free to point me to the right page with rules on payments.
Thanks!