Escrow Account - Where to Find an Honest Well Known Company?
Post 1 of 33
I am getting ready to buy a product from China. I need help about who I can contact about being my agent or escrow account. I don't know where to find an honest well know company. Thanks, Buck
27 Mar 2008 18:25
Post 2 of 33
Quoting from [texlex39]:
I am getting ready to buy a product from China. I need help about who I can contact about being my agent or escrow account. I don't know where to find an honest well know company. Thanks, Buck
www.escrow.com is legit and fine to use.
27 Mar 2008 18:57
Post 3 of 33
texlex39 if you can find a supplier in China that will sell to you via escrow.com then great, but I really very much doubt that you will find any such supplier.
The simple reason is that legitimate suppliers in China don't keep stock but have minimum order quantities and make product to order. From their perspective escrow.com would not be the safest option as there is a possibility that they would not get paid for the product that they make. Sure you can't really scam them so they don't lose the product if they don't get the money, but they do lose the shipping fees and they end up with stock that they may or may not be able to sell to other buyers.
Most legitimate sellers and buyers who trade in China use TT or LC for payment. I can almost guarantee that no manufacturer would produce and ship under an escrow.com arrangement. You may find some trading companies that could be willing to do it, but they would certainly be the exception to the rule. By insisting upon escrow.com you are limiting yourself as you will have very few suppliers to choose from if any.
Why do you want to use escrow.com? Because you want to know that the product you orderd is what you are sent?!!! Right? That is what a pre-shipment inspection is for.
So you can go the escrow.com route and perhaps not find a legitimate supplier - but certainly also avoid scammers.
Or you could go the standard TT or LC route with the requirement of a pre-shipment inspection, which will be accepted by every single legitimate supplier in China as it is a standard. Again the scammers will likely be avoided, but be careful with deposits etc as scammers could take you here.
One final comments about escrow.com. Some scammers will agree to do the shipment via escrow.com to get you interested, but at the last minute once you are ready to pay they will give you some excuse for not being able to accept escrow.com. Now of course the smart thing to do would be to walk away, but many buyers will want the product at that time and may be tempted to go with a less safe payment method at the last minute, only to regret it later.
The simple reason is that legitimate suppliers in China don't keep stock but have minimum order quantities and make product to order. From their perspective escrow.com would not be the safest option as there is a possibility that they would not get paid for the product that they make. Sure you can't really scam them so they don't lose the product if they don't get the money, but they do lose the shipping fees and they end up with stock that they may or may not be able to sell to other buyers.
Most legitimate sellers and buyers who trade in China use TT or LC for payment. I can almost guarantee that no manufacturer would produce and ship under an escrow.com arrangement. You may find some trading companies that could be willing to do it, but they would certainly be the exception to the rule. By insisting upon escrow.com you are limiting yourself as you will have very few suppliers to choose from if any.
Why do you want to use escrow.com? Because you want to know that the product you orderd is what you are sent?!!! Right? That is what a pre-shipment inspection is for.
So you can go the escrow.com route and perhaps not find a legitimate supplier - but certainly also avoid scammers.
Or you could go the standard TT or LC route with the requirement of a pre-shipment inspection, which will be accepted by every single legitimate supplier in China as it is a standard. Again the scammers will likely be avoided, but be careful with deposits etc as scammers could take you here.
One final comments about escrow.com. Some scammers will agree to do the shipment via escrow.com to get you interested, but at the last minute once you are ready to pay they will give you some excuse for not being able to accept escrow.com. Now of course the smart thing to do would be to walk away, but many buyers will want the product at that time and may be tempted to go with a less safe payment method at the last minute, only to regret it later.
28 Mar 2008 23:44
Post 4 of 33
Replying to [texlex39]: http://www.jasmineservice.org/
SIGNATURE:
About Our Company
Me Tech Supply
ME Tech Supply a D. B. A provides sourcing solutions for both small and medium sized businesses. We are members of the GSAA whose Agents have verified more than 2. 5 million companies World WideWe offer low cos...
More
29 Mar 2008 02:44
Post 5 of 33
Replying to [texlex39]:
Hi, What Egernia said is absolutely true here in China for most suppliers, as one of the manufacturers i was thinking to accept the payment by paypal or escrow instead of T/T or L/C for small orders. But at last i give it up cause i have the same worries just like what Egernia mentioned. I could possible lose the goods and don't get paid as Paypalalways tend to protect the buyers.
Finding a person who you can trust here in China as your agent will be a good choice, with few cost for that agent helping u sourcing product or do many other things, it could save u a lot of time, energy and more....it's pretty worth to do so ;)
Good luck mate. if u like u can message me on trader messager, see if i can help.. i sometimes help my foreign friends for pleasure.
![[em20]](http://img.alibaba.com/images/eng/style/icon/emoticons_victory.gif)
Hi, What Egernia said is absolutely true here in China for most suppliers, as one of the manufacturers i was thinking to accept the payment by paypal or escrow instead of T/T or L/C for small orders. But at last i give it up cause i have the same worries just like what Egernia mentioned. I could possible lose the goods and don't get paid as Paypalalways tend to protect the buyers.
Finding a person who you can trust here in China as your agent will be a good choice, with few cost for that agent helping u sourcing product or do many other things, it could save u a lot of time, energy and more....it's pretty worth to do so ;)
Good luck mate. if u like u can message me on trader messager, see if i can help.. i sometimes help my foreign friends for pleasure.
29 Mar 2008 02:57
Post 6 of 33
Replying to [texlex39]: I want to thank you for your email. I now have two emails about this and both say the same thing and I certainly appreciate your time and information. Sincerely, Buck Ashcraft
30 Mar 2008 10:01
Post 7 of 33
Replying to [AdamDai]: I want to thank for your email. Now I am confused. Are you in China? Please send me an email so we can dicuss this more. Thanks, Buck
30 Mar 2008 10:09
Post 8 of 33
Replying to [texlex39]:Hi, nice to meet you. I am mike from shenzhen, china. I am an chinese helper. I can verify the company for you. If you need my help, don't hesitate to contact me via trademanager. I look forward to receive your feedback.![[em17]](http://img.alibaba.com/images/eng/style/icon/emoticons_shake_hands.gif)
30 Mar 2008 19:22
Post 9 of 33
Replying to [texlex39]:please contact me.My msn is huasheng_tang@hotmail.com
31 Mar 2008 01:26
Post 10 of 33
Replying to [Egernia]:
Perfect answer!!!
Thank you for your information
Perfect answer!!!
Thank you for your information
31 Mar 2008 03:08
Post 11 of 33
Hi
What are you looking for??
Where a company that sells gadgets like camcorders, mp4 players, watch phones, security systems and much more.
Our MOQ is 10 pieces.
we never worked with escrow but we can have a try.
It's safe right for both sides?
Please let me know which products you are interested in and tell me your prices you got from the other company.
thank you
What are you looking for??
Where a company that sells gadgets like camcorders, mp4 players, watch phones, security systems and much more.
Our MOQ is 10 pieces.
we never worked with escrow but we can have a try.
It's safe right for both sides?
Please let me know which products you are interested in and tell me your prices you got from the other company.
thank you
31 Mar 2008 04:36