I’ve just started accepting deposits/bank transfers and would immediately transfer it out to my personal account thinking it’ll counter any chargeback issues, so this is great information, thank you.
I’ll never understand why they go through the trouble of reporting a little deposit when they’ve paid most of it in cash😠
Cos they are wankers 😂
I’ve known it to happen to quite a few ladies in the last year but only one who had the CIFA issue but I only know about that because she is a good friend and told me so others might have the same problem but don’t know about it
Even if she manages to get it sorted it can stay on her record as a min of 13 months
If she can’t manage to get it sorted then around 6 years
So it screws up your credit file for that amount of time
If it was me then I would get punters to transfer small amounts like 20 -30 and say that’s for dinner / petrol / food in the payment bit of the transfer
And then when they send you a text for the deposit just for them to say hi sent you the deposit as then you can match it with the time / day what they have sent you
The lady who had her business account ( tide ) shut said the client was refunded back his a£100 deposit and tide wouldn’t even go into any real discussion about it with her
Luckily her Lloyd’s account she managed to keep open as she could prove to them he sent it and she transferred it over