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Author Topic: If I am selling BTC on localbitcoins is it safe to accept cash deposit?  (Read 1117 times)
Money Boy (OP)
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January 02, 2014, 02:41:53 PM
 #21

In most of the countries bank transfers are reversible. And international bank transactions (wire) are normally traced by tax authorities also. Go for a WU transfer. As far as I know, it is more safe and anonymous as compared to bank wire.

What's a WU transfer?

So how do people reverse bank transfers?
Western Union (WU) is one of the best choice of payment.

So how do people reverse bank transfers?
For example money from stolen bank account.

I understand it could be done if the money was stolen etc, but if I accepted a bank transfer, could the owner then do a PayPal on me and reverse it for no valid reason and get his money back and leave me out?

Somehow there been cases stolen bank account actually is their friend that login from other pc or network and perform the transaction and then claim that their account being stolen and get their money back..
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