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Does anyone have an opinion on accepting payment by an electronic/wire transfer from bank to bank? We put a car on eBay and it sold to a buyer in Canada. I had numerous communications via email and two phone conversations. The buyer has hired a broker (I have seen his website) to handle the shipping and customs. I am pretty comfortable with the buyer, but is there any risk with a wire transfer? My initial thought is that it is better than Paypal due to not having fees. I can't think of anything that can be counterfeited like could be with a money order or maybe even a cashier's check. The $ is going straight from bank to bank and the car wouldn't leave until the funds were in my account. Anything I might be overlooking?

Nope...there is usually a $10-$30 fee going into or out of an acct.
TFJ

Yeah, everything I read says it's pretty much secure. I know there is a fee to send money from my bank, but I think it is free to receive money.

They usually get you at both ends - fee to send and fee to receive.

From what I am reading on my credit union's website, it there is no fee to receive $. I'll double check it.

I have used a wire transfer many times and always been safe. There is a fee incurred for sending money ($15) at my bank but no fee to receive money. It is very secure and no wait time for the money to clear... like a certified check. Of course, cash is KING! :happydrinkers:

I use wire transfers for all my overseas and some inland transactions and never a problem.. my bank does charge 20 bucks or so to recieve on, but that will vary from bank to bank I'm sure.

very safe once the money is received in your account. It cannot be reversed, unlike paypal. 

Ok. I'm comfortable with it. Thanks!