How safe would this be (Credit Card question)

[TFU] Thegoon84 · 15 Oct 2019 at 21:12

Selling my MT09 motor bike. £3800. I'm off to Disney Florida next year, was thinking off widening my chances of selling by being open to people paying £3800 off my balance inexchange for the bike?

Do you think thats too risky, if someone were to pay it, could they request a refund after paying that amount off the balance?

NoobCannon · 15 Oct 2019 at 21:39

BattFink · 15 Oct 2019 at 21:41

If it were me I wouldn't risk it, I'd only take Bank transfer or Cash

UnworthyBean · 15 Oct 2019 at 21:45

Why would this increase your chances of selling? If I were given the choice of paying bank transfer / cash or paying off some random persons holiday, I know which one I'd choose.

[FnG]magnolia · 15 Oct 2019 at 21:56

i am twelve and what is this?

weringo · 15 Oct 2019 at 21:57

I say go for it. Paying off a some random's guys credit card is widely known as the most desired form of payment method these days.

mattyfez · 15 Oct 2019 at 21:58

As a potential buyer, that would sound well dodgy to me.

I don't understand why you'd think that's a good idea, it's the same price so once you sell the bike, transfer the funds to your credit card account?

Russinating · 15 Oct 2019 at 21:59

You realise this is why money was invented, so people didn't have to swap pigs for a horse ride.

Mr Badger · 15 Oct 2019 at 22:15

Magic beans. That's what the cool kids are using.

Akagi · 15 Oct 2019 at 22:26

Here's a radical idea. Take the £3800 via bank transfer and then pay off £3800 from your own bank account.

Drumroll · 15 Oct 2019 at 22:28

Russinating said:
You realise this is why money was invented, so people didn't have to swap pigs for a horse ride.

This.

V_R · 15 Oct 2019 at 22:39

What a bizarre idea to have...

Angilion · 16 Oct 2019 at 01:25

How would it widen your chances of selling your bike? Any potential buyer is paying the same amount to you either way. £3800 to you or £3800 to you. It makes no difference to the buyer.

That's a best case scenario. In a less ideal scenario, the oddity of the suggestion would put off buyers and/or it would leave you more vulnerable to fraud. I don't know if it would, but I think it might (as you do, too).

What's the point? If you want to use the money to reduce the balance on your card, just do that. They buy your bike for money, you use that money to reduce your card balance. The whole point of money is that it's a storable and transferable token of accepted value. Barter is useful in some circumstances, but this isn't one of them. At best, it's of no benefit to anyone in this scenario. I suppose it might save you a little time if you don't use online banking.

Maundie · 16 Oct 2019 at 07:30

Ha ha this is hilarious, what a wonderful world we live in that this has even been asked

Me : "I like your motorbike and am willing to pay you the £3800 you're asking for it"
You : "Cool, can you pay off my holiday for me"
Me : "er I don't think so sounds dodgy, see you later glws!"

200sols · 16 Oct 2019 at 08:08

Its a certain way to put people off buying your bike

tom_e · 16 Oct 2019 at 08:26

I guess your thought process is that someone could balance transfer onto their card and therefore get any cheap interest deal from that?

Derek W · 16 Oct 2019 at 08:29

Or you could take the bike on holiday with you and give it to the hotel staff and say that's to pay for your room? Cut out the middle man as it were

Maccy · 16 Oct 2019 at 08:44

I can't believe you even have to ask this.

413x · 16 Oct 2019 at 08:46

If I saw someone saying this I wouldn't even entertain the purchase cash or otherwise. Comes across as some scam

LOAM · 16 Oct 2019 at 09:07

This is the very definition of value engineering, something that's meant to make it cheaper/easier but will go catastrophically pear shaped and bite you on the arse.