joined:July 8, 2010
Hi - I am just looking for advice! I listed a classic Cadillac on ebay on behalf of my uncle. We have a buyer in the UK. They have paid, and we have just received, a wire transfer to our bank (we in in the US) of the $1,000 deposit. Balance of $16,000, as agreed upon, is following by Monday.
As I understand wires, generally, after 72 hours the money I received is good and can't be reclaimed. But what if fraud is discovered on the senders side? Can the sending bank reclaim it then?
I have no experience in international wires, so I am dependent on what my US bank (Spencer Savings) is telling me, but they are seem confused sometimes.
Should I be asking my bank for more information regarding the wire (senders name, sending bank location, etc) - someway to further validate identity?
I have no intention of releasing the car to the shipper until all funds are received and clear. I am aware of scams where the sender sends excess money and asks us to return excess (but I do not anticipate that happening here).
Because you hear so much about scams, I am analyzing everything to the nth degree trying to see the deception.
Thanks in advance,