Quote:
Originally Posted by MercuryT
I can show my account on phone, the balance, and direct debit any negotiated amount instantly.
No bank clearance required at lever I'm buying at.
I fail to see how carrying money is any more influential yet way more risky to turn up, have money stolen and so on.
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for starters there are programs available that show fake bank account balances. Remember the tradie who it was initially thought had hundreds of millions in the bank?
https://www.news.com.au/national/que...8ac4035689b9dc
There are often transfer limits on accounts
Fact is private sellers love cash
Electronic fraud and theft of money is so rampant that people are reluctant to trust an electronic transaction where they are expected to immediately hand over possession of a car in return