A stranger wants to buy something from me that I put up for sale on Craig’s list. I asked him if he had a preferred way to pay for the stuff. He said either Paypal or Wire Transfer.
My bank says I need to provide my account number and routing number to receive the transfer. They told me there is risk, if the person transferring funds knows my full name and social security number. They could potentially rip me off, but only funds in the account, and not funds in my other accounts at this bank (like other savings and checking accounts).
My gut is wondering why this person would offer to transfer money, as he stands more to lose. I’ve searched this on ol’ internet and can’t really find any cases of wire transfer fraud, from folks ‘getting’ money.
Is there some new fraud going around? Should I be worried?
