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Why I stopped pushing wire transfers for everything, a 5 month reversal
I used to tell every small business owner to use wire transfers for big purchases, figured it was the only safe way. Then one of my regulars in Austin lost $3,800 to a same-day wire scam where the recipient's account looked legit but got flagged 4 days later. What convinced me to switch was seeing how ACH with a 2 day hold and a confirmation callback caught the fraud before money moved. Has anyone else had a vendor push back when you asked for a slower payment method?
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nina18023d ago
Tell your vendor to eat the extra day or find a new one.
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