What is the best way not get scammed?
Post 1 of 38
I have been looking around alot on the forums about diffrent companies all over the world getting scammed by other companies.
What are the best ways to avoid this. To me looking from a seller prospective if you were going to be shipping product to lets just say China then you should recieve a percentage of the money as a deposit.
Then most companies track where your shipment is when the buyer/ seller sees that you have sent your product then you should either pay or recieve the rest of the amount that you owe.
By doing this you are cuttind down your risk, and at the same time if for some reason you do not recieve payment you can cut your losses call the company and get your shipment send back to you. Am i wrong in this assumption or are there better ways to go about this?
15 Mar 2008 11:31
Post 2 of 38
Replying to [takiat]: Much depends on the level of business you are doing. Are we talking under $25000.00USD or more than that?
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15 Mar 2008 15:57
Post 3 of 38
Replying to [takiat]:
Most China exporters require payment terms of either 1) LC; 2) T.T. before shipment or the most common one 3) 30% upon order / 70% vs. B/L copy. The payment procedure you were mentioning is only done for local purchases. I dont think you can find an exporter who is willing to ship the goods to you and wait for payment at a later date as there is a huge risk that they will not get paid.
The best way to avoid scammers is 1) Avoid buying suspicious (i.e. branded items) goods from china and 2) Do your due diligence on companies before you send them any payments. Check out the due diligence forum for further details
Most China exporters require payment terms of either 1) LC; 2) T.T. before shipment or the most common one 3) 30% upon order / 70% vs. B/L copy. The payment procedure you were mentioning is only done for local purchases. I dont think you can find an exporter who is willing to ship the goods to you and wait for payment at a later date as there is a huge risk that they will not get paid.
The best way to avoid scammers is 1) Avoid buying suspicious (i.e. branded items) goods from china and 2) Do your due diligence on companies before you send them any payments. Check out the due diligence forum for further details
16 Mar 2008 07:17
Post 4 of 38
Replying to [gcc888]:now as far as dealing with contries that are in the NAFTA program would an LC still apply for alot of those countries specifically in north america shipping by ground is a possiblity and would then diminsh risk correct??
16 Mar 2008 13:16
Post 5 of 38
Replying to [takiat]:
Any international trade is different from domestic business. Both parties may have to bear some risks in international trade as we're far from each other. Your trade terms are not acceptable by any exporter on the globe. What you have to do is to do more Due Diligence work before payment as a buyer, say, you can employ a local to help you buy in China with little cost. Take care !![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
Any international trade is different from domestic business. Both parties may have to bear some risks in international trade as we're far from each other. Your trade terms are not acceptable by any exporter on the globe. What you have to do is to do more Due Diligence work before payment as a buyer, say, you can employ a local to help you buy in China with little cost. Take care !
16 Mar 2008 22:59
Post 6 of 38
Replying to [takiat]:I think no company can accept this payment,because it is international trade,not domestic.
You must check the supplier well before placeing an order.Also,you can refuse the goods if they are not really what you want.
You must check the supplier well before placeing an order.Also,you can refuse the goods if they are not really what you want.
17 Mar 2008 03:16
Post 7 of 38
Replying to [takiat]:
Things you should do:
1. KNOWLEDGE: Know what you are talking about. In most of the world, the import-export of goods in bulk are governed by contract laws that were originally developed in England. Most countries have "Sale of Goods" legislation, and most of the "rules" are common sense...samples, pictures, seals, descriptions, who pays for what, process to follow if there is a dispute....get all the details about the Goods and the Other Party...IN WRITING.
2. DISCLOSURE: Any "real" Seller or Buyer has taken the time to put their Standard Terms IN WRITING...and you can see the Terms before you agree. If your other party does not have full disclosure of their Terms...or won't sign your Terms...that is a Red Flag.
3. ASSETS: A real business has assets. They have a real address. They have names. They probably have a Web site, Fax Number, and a Land Line (not just a cell phone). They also have a Real Bank...one your bank can call.
4. PAYMENT: A real buyer is willing to pay a deposit. A real seller is willing to disclose his bank, government registration and tax information.
Things to Avoid:
1. TALKERS: If the other person talks only on the phone and never puts anything in writing with their Signature on real Letterhead...be careful. All talk, no action...
2. "GLOBAL, WORLDWIDE": If the "company" has a "big-sounding" name that includes Global or Worldwide, have it checked out. They're probably not big at all. Big companies don't need to tell you how big they are.
3. TOO NEGATIVE, TOO AGGRESSIVE: If the person on the other side always wants to talk to you about how "bad" someone else is...they probably aren't worth knowing.
4. GREED: If it's too good to be true...it's probably fishy.
5. SOMETHING FOR NOTHING: there is no such thing.
6. SMALL FEE, BIG PROMISE, NO PRODUCT: People who want you to pay a "small fee" to do something you already know is going to cost a lot of money...those people are probably trying to take a "small fee" from 1000 people besides you. Be very aware of the Big Promise for the Small Fee.
Be careful out there. People who are quick to say bad things without hard facts you can see... or making big promises if you send money right away....are probably trying to set you up.
Things you should do:
1. KNOWLEDGE: Know what you are talking about. In most of the world, the import-export of goods in bulk are governed by contract laws that were originally developed in England. Most countries have "Sale of Goods" legislation, and most of the "rules" are common sense...samples, pictures, seals, descriptions, who pays for what, process to follow if there is a dispute....get all the details about the Goods and the Other Party...IN WRITING.
2. DISCLOSURE: Any "real" Seller or Buyer has taken the time to put their Standard Terms IN WRITING...and you can see the Terms before you agree. If your other party does not have full disclosure of their Terms...or won't sign your Terms...that is a Red Flag.
3. ASSETS: A real business has assets. They have a real address. They have names. They probably have a Web site, Fax Number, and a Land Line (not just a cell phone). They also have a Real Bank...one your bank can call.
4. PAYMENT: A real buyer is willing to pay a deposit. A real seller is willing to disclose his bank, government registration and tax information.
Things to Avoid:
1. TALKERS: If the other person talks only on the phone and never puts anything in writing with their Signature on real Letterhead...be careful. All talk, no action...
2. "GLOBAL, WORLDWIDE": If the "company" has a "big-sounding" name that includes Global or Worldwide, have it checked out. They're probably not big at all. Big companies don't need to tell you how big they are.
3. TOO NEGATIVE, TOO AGGRESSIVE: If the person on the other side always wants to talk to you about how "bad" someone else is...they probably aren't worth knowing.
4. GREED: If it's too good to be true...it's probably fishy.
5. SOMETHING FOR NOTHING: there is no such thing.
6. SMALL FEE, BIG PROMISE, NO PRODUCT: People who want you to pay a "small fee" to do something you already know is going to cost a lot of money...those people are probably trying to take a "small fee" from 1000 people besides you. Be very aware of the Big Promise for the Small Fee.
Be careful out there. People who are quick to say bad things without hard facts you can see... or making big promises if you send money right away....are probably trying to set you up.
17 Mar 2008 11:34
Post 8 of 38
Replying to [NovaScotiaCanada]:
IMHO the best way, to visit that country/company/office/factory and only after this make big order. Of course in this case
1. u spend your money /ticket, hotels/
2. there is chance that seller can show you fake office/company/ and if u don't understand their language, you can't understand it
3. ..
4..
but in this case u cut your risk on 50% :-)
IMHO the best way, to visit that country/company/office/factory and only after this make big order. Of course in this case
1. u spend your money /ticket, hotels/
2. there is chance that seller can show you fake office/company/ and if u don't understand their language, you can't understand it
3. ..
4..
but in this case u cut your risk on 50% :-)
17 Mar 2008 13:32
Post 9 of 38
hi there is a way of getting paid by having a good agent in china or hing kong who can handle the collection of money before handing over shipping paper to your customer as we have had the same thing done to us in the past , it is worth having someone you can trust in china as they will take full advantage of you by taking the container for a deposit never sell anything to people you do not know without full payment on sight of copy papers
17 Mar 2008 16:42
Post 10 of 38
Replying to [we talk china ]:![[em2]](http://img.alibaba.com/images/eng/style/icon/emoticons_laugh.gif)
http://www.sales-battery.com/Asus_Eee_pc_battery.htm
http://www.sales-battery.com/Asus_Eee_pc_battery.htm
17 Mar 2008 19:10
Post 11 of 38
Replying to [takiat]:be careful! Check their Credit status before you are doing bussiness with them.
17 Mar 2008 23:17