The guy using a fake app to pretend that they didn't receive a wire transfer isn't going to end up in a fight, the guy robbing someone of their cash might.
Not only that, bank transfers do not protect you from robbery. You can be forced to make a wire transfer, just as you can be forced to hand over cash.
There are also instant transfers that cost around 1€ of fixed commissions. They complete in about ten seconds after which the other side can check their account and the money will be there.
And finally you can use a money order if you really don't want to do a bank transfer and prefer paper.
I wouldn't know, given that I am European.
> The buyer has a bank transfer id and both parts can check the status with their bank.
Generally there is no quick and easy way to verify that the beneficiary has actually received their funds.
>There are also instant transfers that cost around 1€ of fixed commissions. They complete in about ten seconds after which the other side can check their account and the money will be there.
So what? There are lots of banks which do not support instant transfers, sometimes instant transfer money just doesn't show up instantly and there's very little visibility that end-users would have into that.
you, if you transferred the money.
the seller, if you did not.
Another common scam involves the buyer using a fake bank app to pay for goods, seller sees the money transferred right in front of them but never receives it.
Buying a car with a bank transfer is a great way to get scammed by someone selling the same car multiple times.