Do I have any protection as buyer if I pay by bank transfer?

I have bid and won an auction where the buyer has paypal as an option as well as cash on collection but wnats to be paid via bank transfer. Do I have any buyer protection of I pay by this method?

 

 

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As you have won the auction, have the seller provided you an address for you to go and inspect? Or is he saying he wants payment before you go?