SEPA payments?

retrobikeguy · May 5, 2016

Anyone here ever used a SEPA payment before?

I have an ebayer who will accept only cash or SEPA , is it the same as IBAC payment or different, if so .... who should I use to send a SEPA payment that is reputable or should I chat to my local bank.

Cheers

fagin · May 5, 2016

AFAIK that's just the EU standard for bank transfers, so I doubt there's any protection like with Paypal - you are just transferring into their account.

Unless you know/trust them I would just walk away - I have a feeling you lose Ebay protection as well if Paypal isn't used.

retrobikeguy · May 6, 2016

Re:

Ah right, I'm sure it's a reputable eBay member, long standing and a perfect 100% feedback rate, so I guess it's just down to how well the item travels and risk of damage, I'll have to make sure it's insured well if I go for it then.

Thank you
RBG

magas · May 6, 2016

IBAN / SEPA are standard payment procedure within Europe. Paypal is the minority and mostly not always accepted by Ebay sellers - especially German ebayers. Reason for that is, that IBAN payments are free of charge (for Euroland) - Paypal not.

You cant judge a seller cause he's not accepting Paypal.

retrobikeguy · May 6, 2016

magas":9fbcoaae said:
You cant judge a seller cause he's not accepting Paypal.

Agreed, but is a valid point regarding payment protection if you don't know the seller or unmentioned problems arise, after going through his feedback though I feel he is a competent and trustworthy ebayer.

My main point was I was unsure mainly as to whether a SEPA payment is just the same as an IBAN transfer.

RBG

magas · May 6, 2016

agree with you, that there's no payment protection when payment is executed on SEPA / IBAN base. To be honest, I was never in the situation where I would have asked for payment protection, neither when payed via PayPal, nor with SEPA.

Regardless of payment method, its a matter of trust, sellers feedback and a good feeling for people when it comes to buy things of the internet. And in the end when payed with "PayPal gift" theres also no payment protection

some informations about SEPA aso. https://www.currencyfair.com/blog/sepa- ... -transfer/

fagin · May 6, 2016

True but the OP was specifically talking about an Ebay seller, and I think it is against Ebay rules (not taking sides, just pointing it out) for a seller not to accept PP.

tufty · May 7, 2016

magas":1gepi0ij said:
Reason for that is, that IBAN payments are free of charge (for Euroland) - Paypal not.

Not round here, they aren't. They're bloody expensive, even. Worse if yu're going to / from sterling, of course, as you get additionally raped on rates.

If you need to do transfers, especially cross-currency ones, try transferwise.com. Got a transfer to my daughter (from France to the UK) down from costing €80+ with the bank to just over €3. And hit her account faster than the bank would have done.

raidan73 · May 7, 2016

Yep, I've had to use IBAN a couple of times for things I really 'needed'. Cost a bloody arm and a leg!

VTFoco2001 · May 8, 2016

Re:

SEPA is mostly used in a business-business environment. Not standard for consumers.

SEPA payments?

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