Comments on: a warning for craft businesses http://www.planetjune.com/blog/a-warning-for-craft-businesses/ See what I've been making lately... Crochet, amigurumi animal designs, polymer clay, cross stitch, beading, sewing, sketching, painting and more! Formerly known as Craftybits @ PlanetJune.com Thu, 21 Aug 2008 02:09:17 +0000 http://wordpress.org/?v=2.6 By: Andrea http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-10017 Andrea Tue, 27 May 2008 04:32:23 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-10017 It's an odd way to do business, but most companies print out their invoices with their banking info right on it - the IBAN, BIC/SWIFT code, bank name and address, etc. It may sound a bit odd, but I live in Austria (I'm Canadian) and I deal with this type of banking each day. The IBAN is the International Bank Account Number. In Europe we have the IBAN and BIC/SWIFT but in the USA you have your account number and ABA. Most Europeans do not realize that IBAN codes are only in Europe (and not all European countries either!). It’s an odd way to do business, but most companies print out their invoices with their banking info right on it - the IBAN, BIC/SWIFT code, bank name and address, etc. It may sound a bit odd, but I live in Austria (I’m Canadian) and I deal with this type of banking each day. The IBAN is the International Bank Account Number. In Europe we have the IBAN and BIC/SWIFT but in the USA you have your account number and ABA. Most Europeans do not realize that IBAN codes are only in Europe (and not all European countries either!).

]]> By: Brandi http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7752 Brandi Wed, 27 Feb 2008 21:56:21 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7752 No matter what, if it isn't a standard way of doing business for you, then don't make such concessions, as that is where fraud finds a way to occur. Whether or not this person was legitimate, it is best to be safe than sorry. There are many payment systems out there that allow someone to transfer money to you without using your direct banking information, even if the transactions is between countries, so I highly recommend the approach you took, June. I accept multiple forms of payment and giving out my banking information is not one of them. Even if the account info is deposit-only, I just don't recommend it. No matter what, if it isn’t a standard way of doing business for you, then don’t make such concessions, as that is where fraud finds a way to occur. Whether or not this person was legitimate, it is best to be safe than sorry.

There are many payment systems out there that allow someone to transfer money to you without using your direct banking information, even if the transactions is between countries, so I highly recommend the approach you took, June.

I accept multiple forms of payment and giving out my banking information is not one of them. Even if the account info is deposit-only, I just don’t recommend it.

]]> By: Jen http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7726 Jen Tue, 26 Feb 2008 17:16:39 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7726 I meant to add that accepting a wire transfer in the US generally costs a fairly hefty transaction fee. The last one I received (to help a friend in Germany do business with an American vendor) cost me twenty bucks. I meant to add that accepting a wire transfer in the US generally costs a fairly hefty transaction fee. The last one I received (to help a friend in Germany do business with an American vendor) cost me twenty bucks.

]]> By: Jen http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7725 Jen Tue, 26 Feb 2008 17:14:18 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7725 In Europe, paying for things using one's IBAN (International Bank Account Number) is how things are done. In North America, we call it "wiring money". Essentially, the emailer wanted to deposit money in your account via a wire transfer. In Europe, paying for things using one’s IBAN (International Bank Account Number) is how things are done. In North America, we call it “wiring money”.

Essentially, the emailer wanted to deposit money in your account via a wire transfer.

]]> By: val http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7672 val Sun, 24 Feb 2008 17:44:30 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7672 you are so right in not giving in. On the off chance they were genuine, they would've been able to work it out. Just not worth the risk..........good for you you are so right in not giving in. On the off chance they were genuine, they would’ve been able to work it out. Just not worth the risk……….good for you

]]> By: Jillian http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7636 Jillian Sat, 23 Feb 2008 02:18:46 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7636 Thanks for getting the word out. NEVER give any random person your bank account information. That is just common sense, haha. to marmadaisy, yes, the numbers are on our checks in the US as well, but most people keep their checks out of sight and in a safe place. I always have that fear of people stealing my information at the credit card companies, etc, (because the numbers are on the bill payment slips) but if that happened they would more than likely get caught, and fired. That is why you are supposed to shred all important information before you throw it in the trash. In addition to that, keep a close eye on all of your accounts to make sure there are no fraudulant charges. If you find any, report them immediately, as well as take measures to stop the crook. Thanks for getting the word out. NEVER give any random person your bank account information. That is just common sense, haha.

to marmadaisy, yes, the numbers are on our checks in the US as well, but most people keep their checks out of sight and in a safe place. I always have that fear of people stealing my information at the credit card companies, etc, (because the numbers are on the bill payment slips) but if that happened they would more than likely get caught, and fired. That is why you are supposed to shred all important information before you throw it in the trash. In addition to that, keep a close eye on all of your accounts to make sure there are no fraudulant charges. If you find any, report them immediately, as well as take measures to stop the crook.

]]> By: Marmadaisy http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7622 Marmadaisy Fri, 22 Feb 2008 09:43:14 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7622 I don't know about in the US, but in the UK this information is printed on any cheque you send out anyway. I don’t know about in the US, but in the UK this information is printed on any cheque you send out anyway.

]]> By: Donna http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7603 Donna Thu, 21 Feb 2008 16:32:56 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7603 wow.. sneaky people out there. Glade you didn't fall for it! wow.. sneaky people out there. Glade you didn’t fall for it!

]]> By: futuregirl http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7598 futuregirl Thu, 21 Feb 2008 03:36:24 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7598 All someone needs to withdraw money from your account is your bank account number and your bank's routing number. Of course, they are supposed to have your written authorization for the withdrawal, but it they are scammers, they aren't too worried about having to comply with laws. Thanks for educating people about this! :) All someone needs to withdraw money from your account is your bank account number and your bank’s routing number. Of course, they are supposed to have your written authorization for the withdrawal, but it they are scammers, they aren’t too worried about having to comply with laws.

Thanks for educating people about this! :)

]]> By: Kylie http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7595 Kylie Thu, 21 Feb 2008 01:50:53 +0000 http://www.planetjune.com/blog/a-warning-for-craft-businesses/#comment-7595 Yes I think they might of seemed a bit too pushie, glade u didnt give any info out! Yes I think they might of seemed a bit too pushie, glade u didnt give any info out!

]]>