Replying to [Resources]: i support your opinion greatly.Friendship and continous relationship with the client or supplier is important.We cant judge a person in advance that he is a scammer if he deals by western union for example.he can be honest.We cant judge someone that he is a scammer if he works from home.So ,the most important thing in trade is relationships.Even if u have a very small business to distribute a small item ,u depend on relationships to be successful.

Replying to [RuiSeng]:

just saw your message,I am wondering why accept west Union is unfair for some honest company.Pls help me.Tks!

Replying to [Resources]:good ideas!We will make good use of it.

Quoting from [Resources]:

by Tekle Sebhatu

 

Question:

What do you think is the safest payment method and why?

Answer:

Most often it is not the paymnet method that becomes an issue in a transaction. Rather, it is the lack of due diligence on the part of the buyer or the seller that creates complication. All methods of payments (open account, advance payment, consignment, documentary collection and letter of credit) have proven to be effective mechanisms for decades. You will choose one of these payment methods, depending on your risk tolerance and the relationship that you have with the seller or buyer. For example, if you are the buyer and agreed on advanced payment through Western Union or TT, you will pay the seller in advance. Therefore, you will be taking a huge risk if you do not have a good relationship with the seller. I suggest that you focus on creating a solid relationship with your seller or buyer. Payment methods are only mechanisms to help you complete successful transactions.

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Quoting from [Resources]:

by Tekle Sebhatu

 

Question:

What do you think is the safest payment method and why?

Answer:

Most often it is not the paymnet method that becomes an issue in a transaction. Rather, it is the lack of due diligence on the part of the buyer or the seller that creates complication. All methods of payments (open account, advance payment, consignment, documentary collection and letter of credit) have proven to be effective mechanisms for decades. You will choose one of these payment methods, depending on your risk tolerance and the relationship that you have with the seller or buyer. For example, if you are the buyer and agreed on advanced payment through Western Union or TT, you will pay the seller in advance. Therefore, you will be taking a huge risk if you do not have a good relationship with the seller. I suggest that you focus on creating a solid relationship with your seller or buyer. Payment methods are only mechanisms to help you complete successful transactions.

Related articles

• A scam that is gaining popularity
• Is it a real payment collection or a scam?
• Investigate and prosecute fraudsters
• Benefits of sending a pro forma invoice

• Contacted by numerous "buyers"?
• Request pre-shipment inspection when using letter of credit
• Do manufacturers have better price than trading companies?

it is one of factors for a successful business man.