Topic: When selling in P2p make sure you send from bank account associated to your CEX. (Read 165 times)

Dealing with the same bank as your receiver is easier; both accounts will be restricted while the investigation is ongoing; however, if it is a third-party bank, the process for getting that money will take some time because, after reporting to the bank fraud department, you will still need to file a police investigation report.

The best solution is to settle it amicably, even if it means receiving some of your money back.

Him no dey track the person, him just dey report that particular transaction for fraudulent activity and if him follow am up well the account can be flagged and requiring the other user to come clear him account. Everything boils down to how him want deal with the person sha. He won't have to spend much because you have an account supervisor that you can speak with or customer care self on the phone can fill a complaint appeal before you go bank go complete am but your account will likely get closed including that of the other part.

He shouldn't report to the authorities as he may end up spending more than that amount, looking for some random random stranger he met online. I've gone through Bybit Advertisers agreement and advertise behavior.

Am glad that the guy has responded and has decided to release the asset. Just like all of you have said he was trying to be safe with whomever he is transacting with that's why he delayed.

At this stage, only the seller can assist him; paying through a third party is discouraged because not all vendors accept it for security reasons.If the vendor is not interested, his best option is to return the money, but not everyone has such a heart. If the transaction is disputed, the p2p mediator is likely to cancel the trade and suspend your brother's account. Sending or receiving payments in a third-party account is prohibited in P2P marketplace.

If the money is a stolen funds, the seller is already leaked to the crime - your brother broke the rules and should deal with it.

Edit: Charles-Tim beat me to it...

Yesterday a brother of ours called me that he has been in some big issues with the support and a user he was undergoing P2P with. He said he placed an order to buy 500 USDT and the bank account which he had the money was not his own as his mobile wallet account has a limit to the amount, he can send so he sent the money using a friend account. As such he notified the seller that he had paid. Of course, the seller saw the money and decided to not release the asset because it was a different account that is not connected to the exchange. He kept sending messages to the seller, but he refused and now he had filed an appeal, and the seller has proof that no money from the account connected in exchange was sent to him.

We can see how people are intentionally wicked so we should avoid making mistakes like this. Our bank account we are using to send or receive should be the same name on once added to our exchange so that i situation like this we can have solid proof.

My question is what do you think the brother should do now? as after 48hrs they may cancel the order as unsuccessful trad. Will the asset be returned to the seller?

If I must be specific, the buyer didn't do anything wrong by not releasing the coin because it wasn't authenticated that seller actually sent the money to the buyer. I blame the whosoever that sent the dealer the money for not being informed that the money will be coming from a specific account and not the one supported in the exchange then as Peer to Peer, there'd both understand it and that communication between them would serve as proof of payment if Incase the dealer actually had to deny about receiving the fund after much proof of payment from the bank has been provided.

Check this out, even when we want to trade our assets for fiats, it's also broadly told that a payment will be made through the made vision bank details which is the buyer and the buyer will also confirm the I.Ds and further, we're being warned not to release coins if payment hasn't been confirmed. That's also to say when the vendor sends the money with another bank details without earlier information to the seller, the seller has all right to disclaim payment received wasn't from the vendor.
But at any course, confirmation and transparencies during transaction is very crucial in the digital marketing technology.

Reporting to the support fit no get much result but still do am, and from the name of the account (track am on social media see if you fit get any details). If you get the phone number too try reach am . If na microfinance bank you pay to, you fit get the phone number from the account number. If everything no get head then report your transaction as fraudulent because technically na wetin e dey become so. If you get better account officer, the transaction fit dey frozen but just know you need dey prepare to let your Bank know which business wey una been dey do.

Reporting to the support fit no get much result but still do am, and from the name of the account (track am on social media see if you fit get any details). If you get the phone number too try reach am . If na microfinance bank you pay to, you fit get the phone number from the account number. If everything no get head then report your transaction as fraudulent because technically na wetin e dey become so. If you get better account officer, the transaction fit dey frozen but just know you need dey prepare to let your Bank know which business wey una been dey do.

Secondly did you inform the buyer that the transaction won't be coming from your account before you send and was he okay with it through Phone call or chat box. Plenty merchants dey always get the warning say the money fit no come from the account on the platform when dem dun exceed their daily transactions or for other reason like network issues.

Reporting to the support fit no get much result but still do am, and from the name of the account (track am on social media see if you fit get any details). If you get the phone number too try reach am . If na microfinance bank you pay to, you fit get the phone number from the account number. If everything no get head then report your transaction as fraudulent because technically na wetin e dey become so. If you get better account officer, the transaction fit dey frozen but just know you need dey prepare to let your Bank know which business wey una been dey do.

Yesterday a brother of ours called me that he has been in some big issues with the support and a user he was undergoing P2P with. He said he placed an order to buy 500 USDT and the bank account which he had the money was not his own as his mobile wallet account has a limit to the amount, he can send so he sent the money using a friend account. As such he notified the seller that he had paid. Of course, the seller saw the money and decided to not release the asset because it was a different account that is not connected to the exchange. He kept sending messages to the seller, but he refused and now he had filed an appeal, and the seller has proof that no money from the account connected in exchange was sent to him.

My question is what do you think the brother should do now? as after 48hrs they may cancel the order as unsuccessful trad. Will the asset be returned to the seller?

We can see how people are intentionally wicked so we should avoid making mistakes like this. Our bank account we are using to send or receive should be the same name on once added to our exchange so that i situation like this we can have solid proof.

My question is what do you think the brother should do now? as after 48hrs they may cancel the order as unsuccessful trad. Will the asset be returned to the seller?

We can see how people are intentionally wicked so we should avoid making mistakes like this. Our bank account we are using to send or receive should be the same name on once added to our exchange so that i situation like this we can have solid proof.

My question is what do you think the brother should do now? as after 48hrs they may cancel the order as unsuccessful trad. Will the asset be returned to the seller?

No he didn't still the money, but what if the money wasn't stolen and the buyers reason for attaching a third party was justifiable. This is a bad scenerior and many meanings could be read about these but it could be resolved amicably. If the seller isn't okay with the third party interference and surely he received the amount sent but the buyer why can he just return the money and then cancel the trade. No need of him using someone's carelessness as an advantage clearly because he has the upper hand.

Why would you hunt him out? He did not steal your money or put a gun to your head; the buyer has already interfered with the seller's security, and the seller has every right to keep the money. He may also claim that the illegal transactions were sent to a charity.. Case closed.

There could be way out, first the buyer should get a screenshot of their chats, and most vendors leaves their contact information available, with some of this information maybe they can get a track down and settle the case.

Another mistake he made was the fact that he didn't tell/agree with the seller on the account name from which he would be using to send the money, in the chat room which though is still against the exchange p2p policy but at least the exchange services would have seen the agreement when dispute was raised and probably released the coin

A wonderful half of the year to everyone here. Today I decided to share this issue here, maybe it has been talked about before and a lot of us know about it, but people are still making mistakes which I was surprised to be aware of that is why I deem it necessary to remind us to not make such mistakes.

Yesterday a brother of ours called me that he has been in some big issues with the support and a user he was undergoing P2P with. He said he placed an order to buy 500 USDT and the bank account which he had the money was not his own as his mobile wallet account has a limit to the amount, he can send so he sent the money using a friend account. As such he notified the seller that he had paid. Of course, the seller saw the money and decided to not release the asset because it was a different account that is not connected to the exchange. He kept sending messages to the seller, but he refused and now he had filed an appeal, and the seller has proof that no money from the account connected in exchange was sent to him.

We can see how people are intentionally wicked so we should avoid making mistakes like this. Our bank account we are using to send or receive should be the same name on once added to our exchange so that i situation like this we can have solid proof.

My question is what do you think the brother should do now? as after 48hrs they may cancel the order as unsuccessful trad. Will the asset be returned to the seller?