I am selling something online. The buyer is overseas. The easiest way for the transaction is to have the buyer wire me money into my account. Once it clears, I intend on shipping the product. I do not know the buyer, but do not think I am being scammed either. Is this safe? Can they deduct money out of my account once they have the account number? What other things should I be concerned about?
You should be concerned about them having your account number. This is one reason PayPal is so popular. You could also have them send the money via Western Union. This helps you be assured that you get good funds and only what is due to you.
Over-payment is a common scam where the buyer asks you to send them the funds via Western Union or some other means, and they ask that you do this before you have time to realize the check they sent you, from a foreign bank, is bogus. Foreign checks take a long time to clear and you will likely get credit from your bank, before the check comes back.
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You should be concerned about them having your account number. This is one reason PayPal is so popular. You could also have them send the money via Western Union. This helps you be assured that you get good funds and only what is due to you. 