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Old 13-03-2012, 18:00   #6
Osem
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Join Date: Oct 2006
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Re: Payment receipt methods for a small business

Cheers Rob, both my eldest son and wife are hoping to start small businesses in the next couple of years (all being well) and it's for them I'm asking and mainly as a means of receiving payments when cheques or cash either aren't suitable or possible for whatever reason. So basically they'd just give their bank account details to the third party who'd then make the payment direct from their bank? Is there no risk to giving a third party such bank details however? I may be wrong but have a vague recollection that basic account details like account name, sort code and account number could be used to access accounts illegally.
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