Mort-lemur Posted November 2, 2011 Share Posted November 2, 2011 Hi, Im thinking of giving my customers the option of paying by Bank Transfer, which would obviously involve giving out my account number and sort code to anyone and everyone. My question is: Is this safe?? is there anything anyone can do with my account number and sort code alone (other than pay me money) Many Thanks Now running on a fully modded, Mobile Friendly 2.3.4 Store with the Excellent MTS installed - See my profile for the mods installed ..... So much thanks for all the help given along the way by forum members. Link to comment Share on other sites More sharing options...
Guest Posted November 2, 2011 Share Posted November 2, 2011 Heather, I have several large clients who use the Bank Transfer option. To date, none have had an issue with this payment option. Chris Link to comment Share on other sites More sharing options...
Mort-lemur Posted November 2, 2011 Author Share Posted November 2, 2011 Thanks Chris, Just looking for a warm feeling before I publish my bank details. Now running on a fully modded, Mobile Friendly 2.3.4 Store with the Excellent MTS installed - See my profile for the mods installed ..... So much thanks for all the help given along the way by forum members. Link to comment Share on other sites More sharing options...
♥toyicebear Posted November 2, 2011 Share Posted November 2, 2011 Should not be an issue, but you also have options for bank transfer like inpay.com who have an oscommerce module available and can "automate" it all for you. Basics for osC 2.2 Design - Basics for Design V2.3+ - Seo & Sef Url's - Meta Tags for Your osC Shop - Steps to prevent Fraud... - MS3 and Team News... - SEO, Meta Tags, SEF Urls and osCommerce - Commercial Support Inquiries - OSC 2.3+ How To To see what more i can do for you check out my profile [click here] Link to comment Share on other sites More sharing options...
Mort-lemur Posted November 2, 2011 Author Share Posted November 2, 2011 Hi, Thanks again, The reason I want to set up bank transfer option is for some high value items where the 3++ % that my card processing company takes adds up to quite a bit of money - so if I use the transfer option for these I will be 3% better off. Thanks Now running on a fully modded, Mobile Friendly 2.3.4 Store with the Excellent MTS installed - See my profile for the mods installed ..... So much thanks for all the help given along the way by forum members. Link to comment Share on other sites More sharing options...
MrPhil Posted November 2, 2011 Share Posted November 2, 2011 To date, none have had an issue with this payment option. It sounds like Heather's concern is that she's exposing her financial details to total strangers, and wants to know if they can do anything evil with that information. If all they can do is pay her money, that's one thing, but if they can use it to withdraw funds from her, that's another issue. Link to comment Share on other sites More sharing options...
Mort-lemur Posted November 2, 2011 Author Share Posted November 2, 2011 Exactly MrPhil - you put it better than I did. Can they carry out evil / mischief / skulduggery with the info? Thanks Now running on a fully modded, Mobile Friendly 2.3.4 Store with the Excellent MTS installed - See my profile for the mods installed ..... So much thanks for all the help given along the way by forum members. Link to comment Share on other sites More sharing options...
MrPhil Posted November 3, 2011 Share Posted November 3, 2011 Perhaps you can talk with your friendly local banker (after he cleans the tar and feathers off himself) and see what their suggestions are for security when using this. They might recommend that you not give it out willy-nilly, but confine its use to trusted customers. Or, they might tell you that they've never seen any problems with it. Link to comment Share on other sites More sharing options...
Guest Posted November 3, 2011 Share Posted November 3, 2011 Actually, Swift numbers and bank account numbers cannot be used to withdraw money from your bank account. They are for deposits only (speaking from a Canadian Bank Business account dealing with international clients). I often give new and existing clients my bank account details for international deposits. Chris Link to comment Share on other sites More sharing options...
♥Biancoblu Posted November 3, 2011 Share Posted November 3, 2011 Hi, Im thinking of giving my customers the option of paying by Bank Transfer, which would obviously involve giving out my account number and sort code to anyone and everyone. My question is: Is this safe?? is there anything anyone can do with my account number and sort code alone (other than pay me money) Many Thanks Your account number, sort code, and swift code can only be used to pay you money. In order to withdraw from your account you need more info like log in + pw for banking website, PIN for card withdrawal, signature, depending on the bank you might also need the sepcific bank's e-banking software and card reader to which you will enter more logins, pw's and identification. None of these info are contained in your account number, sort code or swift code. If you still feel uneasy about publishing your account info on a web page, you could make it so that your bank info only is contained in the confirmation email of a customer that selected payment by Bank Transfer. ~ Don't mistake my kindness for weakness ~ Link to comment Share on other sites More sharing options...
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