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@deleted
PayPal is added to the list, but not quite for the right reasons of this discussion. Banks, again completely irrelevant.
Bank Transfer is what it is and offers no protection. Everyone knows what a Bank Transfer is. Now subsequently to that, what is meant by Protection and what are peoples' expectations of such a service?
Basically the question is this. There is no substitute for due diligence on part of all parties concerned when it comes to a transactional dealing. Buyers and Sellers each have their own responsibilities to find out and investigate the transaction to the fullest extent possible, to one's own satisfaction. Buyers should find out all that they can about what they are purchasing and from whom. It is no good for Buyers to go part way and then expect to rely on a service like PayPal Dispute Resolution to go the remainder of the way should things go wrong. That is pure laziness on Buyers' part.
The fact the transaction is taking place online makes no difference whatsoever. The end result is still the purchase or sale of a physical commodity. Online, simply makes the process of communication between parties simpler and direct.
The reason PayPal was raised in this discussion is a little more involved. There are fundamental issues on a corporate scale which leads to an averse viewpoint when it comes to dealing with them even as middle-men. The discussion is OT, for another time perhaps.
@El_Diablo:
Hard to believe you were almost carried away to part with your cash without first seeing the car. Surely you'd want to view and inspect the car in person before purchasing it. Cars particularly, are always a dodgy business.
And since you are advocating for PayPal so much, you would only have been covered for non-delivery of the car should the seller have gone AWOL. Same as you would having paid by Credit Card say.