Dealer not paying up for part exchange

[Jibbajabba]

To be fair though so many people fall for scams that are very well publicised and have been for years. There have been cases where banks have warned customers that they are being scammed, but still people go ahead. I don't mind banks paying more attention to transactions, irritating as it can be.

Agree. I think what my issues come down to is the lack of communication.

 

[st13phil]

And I googled the message from the buyers bank and the FAQ does state that due to the size of transaction additional security is required.

I'm aware that one-off large payments from personal bank account to personal bank account (or occasionally personal account to business account) can trip a requirement for security checks, but I'm surprised this is a requirement for a business to business or business to personal transaction.

In a business environment you would normally submit a BACS payment run to your bank and as long as the payee details (sort code, account number and name on account match) that's the end of it.

Who is the bank, out of curiosity?

 

[Jibbajabba]

A 'blue' one

So they (bank = they) say that delayed payments are released at midnight the following day. Has it ? No lol ... can the dealer reach the bank ? No ...

Funny is - I left said bank as a consumer because they were crap and actually had to go almost legal on them back in 2007 when I had my own ltd. company ...

Anyway, as soon as I saw the bank's name it made all sense ...

 

[ALFAitalia]

Sounds like nonsense to me. I transfers similar amounts ( and rather larger) to customers all the time....more just buying units from them rather than PX return amounts. Been here 20 years and apart from the early days where it could take 48 hours its never been anything other than instant....most customers check their accounts on their phone to see it going in!........one recently even asked to use my PC to check....cheeky git!!!

 

[Skd884]

A 'blue' one

So they (bank = they) say that delayed payments are released at midnight the following day. Has it ? No lol ... can the dealer reach the bank ? No ...

Funny is - I left said bank as a consumer because they were crap and actually had to go almost legal on them back in 2007 when I had my own ltd. company ...

Anyway, as soon as I saw the bank's name it made all sense ...

Hopefully you learn something from this episode.

 

[Jibbajabba]

Hopefully you learn something from this episode.

Of course not, otherwise people here on the forum would stop pointing out my mistakes - where's the fun in that ...

 

[Benz17]

A 'blue' one

So they (bank = they) say that delayed payments are released at midnight the following day. Has it ? No lol ... can the dealer reach the bank ? No ...

Funny is - I left said bank as a consumer because they were crap and actually had to go almost legal on them back in 2007 when I had my own ltd. company ...

Anyway, as soon as I saw the bank's name it made all sense ...

Could be another legal saga, hope not for your sake

 

[Jibbajabba]

Nah doubt it - was a complete different issue.

 

[Jibbajabba]

Well, money paid ... so far so good ...

 

[Ted]

Well, money paid ... so far so good ...

Mine‘s a large Laphroaig, best mate

 

[Jibbajabba]

Just opened a nice bottle of vodka ....

 

[Bobby Dazzler]

Well, money paid ... so far so good ...

Thank goodness for that.

PS I don’t suppose you could lend me £10k tonight could you? I’ll pay you back tomorrow

 

[BigJase88]

Thank goodness for that.

PS I don’t suppose you could lend me £10k tonight could you? I’ll pay you back tomorrow

Will take 14 or 15 days for payment bud

 

[Bobby Dazzler]

Will take 14 or 15 days for payment bud

Nahhhh I’m a quick payer. Honestly.

 

[Jibbajabba]

Nahhhh I’m a quick payer. Honestly.

Expect the money in your account in between 600 and 9000 working days