Quoting from [rkl]:
What is the safest payment term in business??
A payment term that will protect the BUYER.
The safest payment trem will be 100% LC at sight.
I was also scammed once but now Im blacklisting the guy taking him to court and I have come into contact with other people that this guy has scammed and gave them his details and told them to take him on. I belive that we will take all him money. You don't hope this to anyone but one a thief always a thief, come on people let take these out.
Quoting from [rkl]:A good Contract and a good Law will protect the Buyer.
What is the safest payment term in business??
A payment term that will protect the BUYER.
Quoting from [rkl]:
What is the safest payment term in business??
A payment term that will protect the BUYER.
HI,
well, the best way not to loose your money is to open an escrow account and to keep them your money till you haven't made the inspection of the goods.
Once made the inspection, if everything it's ok, you can unlock the money from the escroe account to the seller's one.
That's the best way....
Regards,
Kris.
Quoting from [rkl]:
What is the safest payment term in business??
A payment term that will protect the BUYER.
The safest payment term is cash to your hands and pocket right away. But this is impossible for international trade so I think the 3 closest is by Bank to Bank Telegraphic Transfer to your bank, Irevocable Letter of Credit, or Paypal/Credit Card
Quoting from [rkl]:
What is the safest payment term in business??
A payment term that will protect the BUYER.
To protect the buyer I think it would be by Personal Check or Credit Card if seller would accept this. But even this, your still risking seller recieving funds before you recieve the product to evaluate.
Quoting from [rkl]:
What is the safest payment term in business??
A payment term that will protect the BUYER.
i guess that the only safety way is by irrevocable letter of credit through a bank of 1° LINE
Quoting from [rkl]:
What is the safest payment term in business??
A payment term that will protect the BUYER.
I believe most, if not, of all the answers are missing the single most important point.
Understand and recognize a scam when you read the 'Offer' or receive the 'Payment Terms'
Scams and finacial trickery are always associated with the words like - LOI, BCL Transfewrable == whatever. BG and SBLC. These are all rediculous Broker Terms and never a true Owner, Seller or Buyer. These people try to control a transaction by pretending to be a Principal but are nothing of the kind.
Payment is always by either your controlled Escrow Account which is governed under strict set of deliverables- period! If a form of L/C is needed it never starts out as a revolving one and is NEVER transferable or assignable. All the these terms are pure balogne.
For me, at least, the correctness of the English and the grammar is a major factor in assessing the authenticity of the counter-part. If in doubt alway do the transaction via Bank to Bank and always let the opposite side put up their 2% performance bond first. There is no use wasting time and money on non-performers.
Never accept what is said - only what can be proven and rechecked.
Scam exist because players are simple and too niave. Scamsters prey on the misinformed and become emboldend everytime they steal anothers identity or assets.
So -- Beware!
Quoting from [rkl]:
What is the safest payment term in business??
A payment term that will protect the BUYER.
** ONLY LC +SGS**