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Accepting a bank wire transfer What should we be concerned with? BradleyT
We received a call from a company in South America that wants to place a large order ($5,400) through our new store. They want to do a bank wire transfer.
We googled the company name (it's a franchise store) and it's linked to by a lot of legitimate sites so we doubt it's like a Nigerian scam.
What precautions should we take? Are they able to withdraw funds when we give them our bank account numbers? Or are wire transfers set up to be one-way transactions?