Japan's private car market has well-established payment conventions. Bank transfer is standard for most transactions. Here's how to receive payment safely and protect yourself from fraud.
Bank Transfer (振込, Furikomi)
Bank transfer (furikomi) between major Japanese banks (Japan Post Bank, MUFG, SMBC, Mizuho, Resona) is the standard method for private car sales in Japan. Transfers typically settle same-day or next morning for large amounts. Verify the funds are credited before completing the Land Transport Office transfer or handing over keys.
Bank-Issued Cashier's Cheque (銀行小切手)
For very high-value transactions, a bank-issued cashier's cheque is secure. Verify by calling the issuing bank directly. Do not rely solely on the physical document.
PayPay and Other Mobile Payments
PayPay, LINE Pay, and other mobile payment services are popular in Japan but have daily limits that make them unsuitable as the primary payment method for high-value vehicle sales. Suitable for deposits only.
Cash
Cash is used in Japan for high-value transactions more commonly than in some other markets. If accepting cash, count it carefully. For amounts over ¥1,000,000, bank transfer is strongly preferred for audit trail purposes.
Scams to Avoid
- Fake transfer confirmation emails: Always verify funds in your actual bank account — not on documents the buyer provides.
- Export buyer scam: A foreign buyer offering to purchase your vehicle for export at an inflated price, requesting you ship it before full payment — this is always fraudulent.
- Third-party payment: Insist payment comes directly from the buyer, not a third party's account.
