I know people say Gumtree is always risky unless you're receiving cash, but I'm wondering if this is legit.
I recently listed an item for around $450. I had a buyer offer to pay me via PayPal. When I declined, they offered to do a bank transfer.
I accepted this, and it seems like the money cleared right away. On the transfer narration it says 'Osko Payment - Receipt XXX'.
Does this mean it's safe for me to send the item? Is there anyway the buyer can reverse the transaction?
Thanks!
Yep agree. When I do bank transfers online it now uses Osko by default.
Its an instant payment system used by financial service providers:
https://www.westpac.com.au/faq/payid-osko-what-is-it/
As to whether it can be reversed, best check with your bank.
Yes Osko payment clears almost instantaneously. Usually they can do instant payment up to $1k.
Safe, Osko is part of the PayID systems, and is a instant transfer. He/She cannot claw the money back. Its safe to ship/drop off your item
Unless fraud is involved. Then oh boy you're in for fun. Best case funds frozen for 7-30 days then cleared, worst case transaction reversed.
True, But that is a very very rare scenario (Knowing my luck is what it is in this case :P)
Me personally, if it was over $100 and involved Gumtree - cash only.
if you can transfer the fund out of the account, I would say it is safe.