Resources members have posted many valuable opinions about various types of international trade payment methods. They do not necessarily reflect the opinions of Alibaba.com. They are listed below. If you would like to read related articles, please click on the link(s) provided.
“Western Union is no faster than a bank transfer. At least if you get scammed with a wire transfer, well it may be easier to track the person down. If they opened the account legitimately then you have all their real contact info. If they opened it fraudulently, well, then, they not only defrauded you but the bank as well. And the bank has the money and resources to catch the thief.”
“Well if they accept credit card there really is no risk to you. If you don’t get what you ordered, dispute it with the bank and they will reverse the charge and take the money from the merchant’s ****.”
“Do ALL of your homework and only do L/C as payment use an escrow service. No payment in advance”
“Always deal with PayPal VERIFIED members only.”
Alibaba is dedicated to the fight against trade fraud. We encourage you to take part in our discussion boards and express your views. Tell us about your positive trade experiences as well as your grievances.
Re: Payment fraud
by Maini on 06 Jan 2006 04:39
Respected sir
is there any way to send money in advace for samples they are preparing for me and how i have to pay them, please guide me how i send them the freight charges, so that they may send me the sample first to verify their quality.
Tt (telegraphic transfer), * bill etc. vs. lc (letter of credit)
Author: Catalyst
Back to back letters of credit
Author: Catalyst
The original LC and the one issued against it are independent. See how it works.
