Nikhil_Narayan - 8:02 am on Jun 22, 2010 (gmt 0) [edited by: bill at 9:13 am (utc) on Jun 22, 2010]
This is really very sensitive thing to handle. You can give a try using PayPal or Google Checkout which expects the buyers or customers to fill in their appropriate credit/debit card details and get registered there and then only they can transfer the amount to the sellers account. So, half of your head-ache is gone.
[edit reason] see sticky [/edit]
[edited by: bill at 9:13 am (utc) on Jun 22, 2010]