FTC Tip on Wire Transfers - An Application for Business Opportunities Purchasers?
The FTC has an interesting little tip on what form of payment to use over the internet. They recommend that "credit cards and online payment services are safer. The FTC's new alert, "Going, Going, Gone: Using Wire Transfers for Internet Auction Purchases Can Be Risky" provides information about making purchases safely.
While wire transfers can be useful for sending funds to someone a consumer knows and trusts, they are not a good method of transferring money to strangers. When a consumer wires money to buy an item from a Internet auction site, either through a money transmitter or directly to someone's bank account, and something goes wrong, the consumer is likely to lose their payment and have no recourse. While credit cards and online payment services are the safest, other payment options include debit cards, personal checks, cashier's checks, money orders, or escrow services".
Is there a tip here for the purchasers of business opportunities?
Technorati Tags: credit cards, personal checks, internet auction, debit cards, money orders, transferring money, auction purchases, auction site, online payment, wire transfers, escrow services, ftc, chargeback, recourse, cashier, payment services, form of payment
One word: chargeback. Use your credit card, buy in at the lowest level and cancel the purchase at the first sign of fraud.
Technorati Tags: credit cards, personal checks, internet auction, debit cards, money orders, transferring money, auction purchases, auction site, online payment, wire transfers, escrow services, ftc, chargeback, recourse, cashier, payment services, form of payment
