urgent advice/help re private sale of bike

[fazersharp]

Sounds like a scam done on a local bike shop, if he his transfering money from a credit card into your bank then the money can be snatched back at any time if the credit card proves to be fraudulent.... by the time this happens the bike is long gone over seas and you are out of pocket. The bike shop that gone done down here had 8 bikes taken this way (I would have been suspicious after the second but there ya go)

I believe the "buyers" were all from the Hull area and its off road style bikes that were being targeted like this

Is that because it was a business and not an individual I would of thought that it was the creditcards loss. I dont see how it can be snatched back, perhaps you should ask the bank this question too and get it in writing via an email or something.
All this hassle and angst is not worth it I would rather it take longer to sell and wait for someone who can turn up in person with cash, or if he is getting another bike consider part ex