If selling a caravan privately it would be possible for the buyer to transfer funds from his account to that of the seller immediately, using the seller's computer or his own smart phone. The seller could see that the transaction had taken place and even then move the funds to some other account before handing over keys and documents.
This would avoid all the problems of bank drafts, large amounts of cash, waiting for cheques to clear etc.
Has anyone done this ?
Are there any problems or pitfalls ?
Is there any way the buyer could cancel the transaction or subsequently recover the funds ?
This would avoid all the problems of bank drafts, large amounts of cash, waiting for cheques to clear etc.
Has anyone done this ?
Are there any problems or pitfalls ?
Is there any way the buyer could cancel the transaction or subsequently recover the funds ?