TT is bank to bank payment settlement service... telegraphic transfer (TT of money).
Feel free to forward this by email to three of your friends.
TT can put money into an account, but up to 3 hours later it can be taken back out, for various bank reasons... Scammers have figured this out...
The scammers TT $10,000 in payment for a shipment, then the tell sellers to look... seller sees $10,000 in the account and ships...
The scammer/buyer withdraws the $10,000 from the account. Since the goods have been shipped, the shipper has been ripped off, bankers say "too bad.."
Solution, you can set up receiving acct for TT to have money swept out and put into another account...as soon as it arrives... so the instant money is sent into your account, it is swept out into another account.
In this way you can share your TT payment account information to the world without worrying about scammers attacking it. Since the money is immediately swept out, the money cannot be recalled, because it is not in the account to which it was sent.
In this way you can share your TT payment account information to the world without worrying about scammers attacking it. Since the money is immediately swept out, the money cannot be recalled, because it is not in the account to which it was sent.
Lesson, pros do not keep any money in TT receiving accounts...
Paypal is not a reasonable payment method B2B, since Paypal charges 3.5% for transactions under 5000, so $175 to paypal vs $24 - $45 for TT. Some people love Paypal, but I have had nothing but bad experiences with them.
Also, with TT you see some corresponding fees as a surprise on the "settlement." Reject those. It is simply banks passing paper around toe add fees for fees sake. You can say "no, I never agreed to that." If you don't, then expect to see it every time.
Also, with TT you see some corresponding fees as a surprise on the "settlement." Reject those. It is simply banks passing paper around toe add fees for fees sake. You can say "no, I never agreed to that." If you don't, then expect to see it every time.
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