View Single Post
Old 07-23-2010, 08:30 AM   #23
Fearsome Forehand
Professional
 
Fearsome Forehand's Avatar
 
Join Date: Aug 2007
Location: USA
Posts: 1,154
Default

Regarding Western Union usage, the downside primarily seems tied to sending funds via that service, not receiving them. I can't see a downside of using WU as a means of receiving cash payment picked up at a local WU agent.. Might be better as a seller than PP in that the buyer/sender pays the fees, not the recipient/seller. Seller gets cash so no PP chargeback risk nonsense.

However, be extremely careful to whom you give your bank account info. Better to have cash sent to a local Western Union agent that you can pick up as opposed to giving your unencrypted bank info out to a stranger (which you shouldn't do unless it is an account that you keep virtually empty). I gave an account number out once for a wire transfer on a Rolex sale but the buyer had impeccable references as a Rolex collector. Not sure I would ever do that again though. (And I also had a guy insist on sending me hundreds in cash for rackets via carrier once. I wouldn't recommend that practice either.)

Bottom line: Never wire money to someone you don't know or trust 100%. However, if someone is willing to wire you cash for pick up at a WU agency based on your stellar reputation as a seller, no problem.

These are the most common WU scams:

http://www.westernunion.com/WUCOMWEB/staticMid.do?method=load&pagename=fraudIndex

Common sense stuff, but a good reminder:

http://www.westernunion.com/WUCOMWEB...name=fraudTips

This also points out why it is a very bad idea to post your email address within your classified ad. By doing so, you are inviting spam and phishing/fraud. Don't post your email address; instead, make the other party contact you through the TW system. Just make sure you have enabled messaging through TW.

Last edited by Fearsome Forehand : 07-29-2010 at 09:49 AM.
Fearsome Forehand is offline   Reply With Quote