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How should I accept payment for RFD/online sales?

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  • Sep 6th, 2021 12:28 pm
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How should I accept payment for RFD/online sales?

Typically when i sell on Kijjiji i insist on in person and cash. But i want to sell a Costco discount coupon on RFD and perhaps future stuff online (probably not future coupon codes after this one is gone but physical items).

From what i understand PayPal can be charged back even if delivered and the item is undamaged, is it still the best method or are other methods superior?
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Cash or etransfer is the way to go. I would not recommend paypal for many reasons.
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fordmaple wrote: Cash or etransfer is the way to go. I would not recommend paypal for many reasons.
Cash works for in person an i insist on it (i've had a few people offer e-transfer which i don't go for).
For online its not feasible, but e-transfer, how safe is it, can it be reversed, are there security implications for giving out my e-mail or accepting it?
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Etransfer like paypal requires an email address or tel#. to associate the transfer. Can it be reversed.....highly unlikely. Security risk.....there's always risk with anything online but in my opinion its very low and you don't have to worry about paypal reversals, fees, arbitration...etc.
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Quentin5 wrote: Cash works for in person an i insist on it (i've had a few people offer e-transfer which i don't go for).
For online its not feasible, but e-transfer, how safe is it, can it be reversed, are there security implications for giving out my e-mail or accepting it?
Just create a new email for transfers.
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engineered wrote: Just create a new email for transfers.
And make it auto-deposit so you don't need password etc. Once you get a etransfer, go to your bank account and verify it's good....then you can complete your half of the sale. I've been doing this and it's convenient.
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gr8dlr wrote: And make it auto-deposit so you don't need password etc. Once you get a etransfer, go to your bank account and verify it's good....then you can complete your half of the sale. I've been doing this and it's convenient.
Autodeposit is more secure than a password?
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engineered wrote: Just create a new email for transfers.
So the e-mail address does not have to be linked to the bank account if i can create one just to receive it?
Also are any banking details transferred by accepting an incoming transfer?
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Quentin5 wrote: Autodeposit is more secure than a password?
Yes...and definitely more convenient as you don't have to do anything on the receiving end once setup

https://www.interac.ca/en/content/life/ ... sit-today/
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Quentin5 wrote: Autodeposit is more secure than a password?
Setting up audotdeposit means your full legal name will be displayed to the sender.

On the otherhand, this protects you against someone cancelling an e-Transfer before you have a chance to deposit it, or if they provide you a bogus password.


Generally, e-Transfers can still be reversed though, if someone claims to their bank the account was compromised and the bank decides to step in. There's a few threads on this on RFD in the past.
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Akitakara wrote: Setting up audotdeposit means your full legal name will be displayed to the sender.

On the otherhand, this protects you against someone cancelling an e-Transfer before you have a chance to deposit it, or if they provide you a bogus password.


Generally, e-Transfers can still be reversed though, if someone claims to their bank the account was compromised and the bank decides to step in. There's a few threads on this on RFD in the past.
How often will someone do this though? I'm guessing they can only use this excuse once to the bank, after that they will know he's commiting fraud. I'm not saying it's not possible but it's just really unrealistic because of all the hassle it will cause.
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Quentin5 wrote: So the e-mail address does not have to be linked to the bank account if i can create one just to receive it?
Also are any banking details transferred by accepting an incoming transfer?
Correct. Just your name from what I recall.
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Personally I'd accept crypto. Can't reverse crypto. But not many people have it.
EMT is option 2 and popular, but it can be reversed. It probably won't be unless it's a very large purchase.
Quentin5 wrote: Autodeposit is more secure than a password?
Yup. If someone compromises your email address and the sender puts a password in the notes field (this happens A LOT) then goodbye money.
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I decided to go with Interac e-transfers with a disposable e-mail address.

Thanks to everyone who posted their thoughts :)
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Why disposable email address?
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Ballroomblitz1 wrote: Why disposable email address?
Its talked about above
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They better have feedback (and a bit of it) and then proceed. Only way to operate on RFD. Feedback necessary. You decide payment afterwards
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