What will be the risk for a seller to get T/T in advance??
Post 1 of 30
This may be a stupid subject, but I just cannot understand what will be the risk..
The story is:
2 days ago, I replied a buying lead who was looking for the product we provide. He replied me immediately and asked for e-catalogue, then he told me he cannot open our file and ask us send again(seemed serious, right?) and told me his father's friend is the decision maker for a USD 1.5M project and if I agree to give him 2% commission he'll help us get the bid( after we get the 100% payment of course)...most important is he told me the payment will be 100% T/T before we send the product. I know it is too good to be true, I just cannot understand if he promise us 100% T/T in advance, where will be our risk? Someone told me he will have my company's account information. But..so what? If I insist what he said: 100% T/T in advance, after I have the money, then I ship the products to him. Isn't it?
Thanks God because he is from a west Africa country that makes me "nervous" and I never think I have such a good luck to get the 1st order at such huge amount, so I came here and learn from others, then I went to google to serch and found this company were listed as a scammer and found he still post some enquires on some other B2B sites!
For me, thanks this forum and all of you so that I can notice in advance and lose nothing. But I still cannot understand if he promise to pay 100% T/T in advance and if we insist not to ship anything unless we get the money, what will be the risk? What can he get from us??![[em9]](http://img.alibaba.com/images/eng/style/icon/emoticons_dizzy.gif)
The story is:
2 days ago, I replied a buying lead who was looking for the product we provide. He replied me immediately and asked for e-catalogue, then he told me he cannot open our file and ask us send again(seemed serious, right?) and told me his father's friend is the decision maker for a USD 1.5M project and if I agree to give him 2% commission he'll help us get the bid( after we get the 100% payment of course)...most important is he told me the payment will be 100% T/T before we send the product. I know it is too good to be true, I just cannot understand if he promise us 100% T/T in advance, where will be our risk? Someone told me he will have my company's account information. But..so what? If I insist what he said: 100% T/T in advance, after I have the money, then I ship the products to him. Isn't it?
Thanks God because he is from a west Africa country that makes me "nervous" and I never think I have such a good luck to get the 1st order at such huge amount, so I came here and learn from others, then I went to google to serch and found this company were listed as a scammer and found he still post some enquires on some other B2B sites!
For me, thanks this forum and all of you so that I can notice in advance and lose nothing. But I still cannot understand if he promise to pay 100% T/T in advance and if we insist not to ship anything unless we get the money, what will be the risk? What can he get from us??
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22 Sep 2007 11:07
Post 2 of 30
Replying to [Allen_Liu]:
Telegraphic Transfer (TT)
Telegraphic Transfer (TT)
03 Oct 2007 03:44
Post 3 of 30
Replying to [Allen_Liu]:
While i saw the first message of Allen_Liu, i thought to tell the risk of
clearing drugs-narcotics-smugglers' money in your bank account.
But other users answered very clearly.
I thank you all very much.This was also informative for me.
It is also not good fraud people having your bank account information.
While i saw the first message of Allen_Liu, i thought to tell the risk of
clearing drugs-narcotics-smugglers' money in your bank account.
But other users answered very clearly.
I thank you all very much.This was also informative for me.
It is also not good fraud people having your bank account information.
05 Oct 2007 05:20
Post 4 of 30
Replying to [Allen_Liu]:
I believe T/T is perfectly safe. I have checked with my bank about other people withdrawing money with just the account details and its just not possible. They can only put money in - if you are still not comfortable about it check with your bank- they will tell you the same thing.
With that said, INTERNET banking is unsafe if you give your password to anyone!! BANK'S WILL NOT CALL OR EMAIL you for your password. Always make sure you have a firewall running and an anti virus program
Never pay fees for commissions until your money is in the bank!!!
Lastly Western Union is unsafe for the buyers.It's essentially a cash transfer with no chances to get your money back if it turns out to be a scam. Because of this there are more scammers using it and buyers consequently not trusting genuine sellers.
I believe T/T is perfectly safe. I have checked with my bank about other people withdrawing money with just the account details and its just not possible. They can only put money in - if you are still not comfortable about it check with your bank- they will tell you the same thing.
With that said, INTERNET banking is unsafe if you give your password to anyone!! BANK'S WILL NOT CALL OR EMAIL you for your password. Always make sure you have a firewall running and an anti virus program
Never pay fees for commissions until your money is in the bank!!!
Lastly Western Union is unsafe for the buyers.It's essentially a cash transfer with no chances to get your money back if it turns out to be a scam. Because of this there are more scammers using it and buyers consequently not trusting genuine sellers.
12 Oct 2007 16:54
![[em19]](http://img.alibaba.com/images/eng/style/icon/emoticons_great.gif){kind=icon}
Post 6 of 30
Replying to [Allen_Liu]: This is such a common occurance for us in the United States. We have seen so many things in this regard. As a company we have done business all over the world. A great resource is a new website from the US Postal Inspection Service called fakechecks.org. We have had scammers tell us they were paying by wire and then find they are sending worthless checks directly to our bank with a "For Deposit Only" and our account number. I recommend anyone who does business this way to have a segregated account for incoming and outgoing TT only. It is much easier to manage and you do not have so much to worry about, such as scammers writing checks on your account or in some other way drawing money out of your account.
31 Oct 2007 23:40
Post 7 of 30
Replying to [Allen_Liu]:![[em3]](http://img.alibaba.com/images/eng/style/icon/emoticons_grin.gif)
![[em20]](http://img.alibaba.com/images/eng/style/icon/emoticons_victory.gif)
T/T in advance is a good practise for the seller.
Will you make payment in this manner if you were required to do so when importing from a new source, especially from overseas?
For mutual trust between buyers and sellers, face to face signing of documents or at seller's factory or office premises will build confidence to both parties, win - win situation.
Perhaps the seller can also invite the buyer to witness loading and sealing of the products into containers. Thereafter, the buyer can notify their banker to release payment beofre shipment.
Successful businesses begins from trust.
T/T in advance is a good practise for the seller.
Will you make payment in this manner if you were required to do so when importing from a new source, especially from overseas?
For mutual trust between buyers and sellers, face to face signing of documents or at seller's factory or office premises will build confidence to both parties, win - win situation.
Perhaps the seller can also invite the buyer to witness loading and sealing of the products into containers. Thereafter, the buyer can notify their banker to release payment beofre shipment.
Successful businesses begins from trust.
13 Nov 2007 18:27
Post 8 of 30
Replying to [Allen_Liu]:
I'm face the same questions.
One of customer from Nigeria, order a 40HQ, 100% TT in advance without any argy-bargy. They said there are no free lunch. Till now he doesn't ask me for commission. I'm afraid to meet a money washer.
I'm face the same questions.
One of customer from Nigeria, order a 40HQ, 100% TT in advance without any argy-bargy. They said there are no free lunch. Till now he doesn't ask me for commission. I'm afraid to meet a money washer.
26 Jan 2008 02:49
Post 9 of 30
Replying to [upMary]:
I still don't believe there's any free meal. Now, the only word I can give you is " Good luck! ". Hope you can share your experience to all of us here.
I still don't believe there's any free meal. Now, the only word I can give you is " Good luck! ". Hope you can share your experience to all of us here.
27 Jan 2008 01:05
Post 10 of 30
Don't give him any profit before you get the money.
12 Oct 2009 02:37