Who set up the rules of payment? Buyers or sellers?
Post 1 of 46
You always call all those sellers who won't accept your payment method (through paypal, escrow, etc etc) as scammers? What you are doing is ridiculous. You must keep in your mind that Sellers PUT the rules. If you don't like their payment method, it is simple, you go elsewhere and buy from there. I personally never accept paypal or escrow or similars. Why shall I do that? I accept either L/C or T/T. If you don't like these methods, go elsewhere silently and buy from someone else who will accept paypal or the similars. I am seller, i.e. I am the one who put the rules. You are not.
27 Dec 2005 10:23
Post 2 of 46
Dear Sirs,
I am sorry to interfere, but I would like to say something related to this subject: I have been working for nearly 25 years as a Representative and as a Distributor for diferent kinds of MEDICAL Equipments and as far as I know all Manufacturers stablish their own methods of payment. L/C costs money, but is the most common and safe way of payment. It is a common rule, from suppliers side, to be polite and understanding. Any supplier businessman, rely on their clients trust, they need them, even the smallest one is important for them to grow. We all know that nowadays using net buying facilites, we the buyers should be very carefull, chosing the right partner. Personnaly, if I have a way to check the supplier reliability, I have no problems to pay him in advance, because I intend to keep doing more businesses with him in the future. Fake suppliers do exist, it´s a reality that we can not avoid but we should keep alive all the time in our minds. In my oppinion when both parties are honest and interested in doing businesses, they always find a solution. The first step is always the most important one, you just need to check once not everytime you do business with the same company, right? There are rules that should not be avoided, otherwise you may loose your money.
With regards,
I am sorry to interfere, but I would like to say something related to this subject: I have been working for nearly 25 years as a Representative and as a Distributor for diferent kinds of MEDICAL Equipments and as far as I know all Manufacturers stablish their own methods of payment. L/C costs money, but is the most common and safe way of payment. It is a common rule, from suppliers side, to be polite and understanding. Any supplier businessman, rely on their clients trust, they need them, even the smallest one is important for them to grow. We all know that nowadays using net buying facilites, we the buyers should be very carefull, chosing the right partner. Personnaly, if I have a way to check the supplier reliability, I have no problems to pay him in advance, because I intend to keep doing more businesses with him in the future. Fake suppliers do exist, it´s a reality that we can not avoid but we should keep alive all the time in our minds. In my oppinion when both parties are honest and interested in doing businesses, they always find a solution. The first step is always the most important one, you just need to check once not everytime you do business with the same company, right? There are rules that should not be avoided, otherwise you may loose your money.
With regards,
30 Dec 2005 19:05
Post 3 of 46
A FOOL AN HIS MONEY WILL SOON PART ,,IS AN OLD PROVERB ,,,I WOULD NEVER SEND MONEY WITH OUT A RECOMENDATION OF A TRUSTYWORTHY SECOND PARTY,,THANK YOU (A SMALL BUYER)
02 Jan 2006 08:02
Post 4 of 46
As a legit and authentic company we set up the rules for most of our payment methods. Normally we do not make any exceptions, because we are in the wholesale business and we don't make much of a markup so going out of our ways and getting into more expense that may dip into our profit margins is not a good thing.
Now, honestly if we were in Retail and making a substantial markup then yes somewhat you can make exceptions. But as a wholesaler, No.
Now, honestly if we were in Retail and making a substantial markup then yes somewhat you can make exceptions. But as a wholesaler, No.
04 Jan 2006 22:00
Post 5 of 46
Replying to agriturk:
I am a buyer and pay using a TT, because I made the effort to get on a plane and go visit my supplier. This might be old school but at least I know who I am dealing with.
I am a buyer and pay using a TT, because I made the effort to get on a plane and go visit my supplier. This might be old school but at least I know who I am dealing with.
05 Jan 2006 00:50
Post 6 of 46
Replying to agriturk:
Remember the old and wise saying: "He who pays the piper calls the tune". Payment through L/C has never been to the buyer's advantage, even when the buyer has someone to inspect the goods. Banks do not get involved in the physical goods even if you would protest to your own bank. So long all the terms in the L/c are met and there no documentary discrepancies, the banks are obliged to pay. So, it is prudent first to check on the supplier's credibility before one parts his money either through L/C or TT. Spend some money by taking a trip to the supplier's premises and do credit and legal check on the suppliers, this would save you alot of troubles.
But, who finally dictates the terms of payment would depend whether the buyers have better alternatives. If the buyers have several alternatives, then who pays the piper will call the tune.
Remember the old and wise saying: "He who pays the piper calls the tune". Payment through L/C has never been to the buyer's advantage, even when the buyer has someone to inspect the goods. Banks do not get involved in the physical goods even if you would protest to your own bank. So long all the terms in the L/c are met and there no documentary discrepancies, the banks are obliged to pay. So, it is prudent first to check on the supplier's credibility before one parts his money either through L/C or TT. Spend some money by taking a trip to the supplier's premises and do credit and legal check on the suppliers, this would save you alot of troubles.
But, who finally dictates the terms of payment would depend whether the buyers have better alternatives. If the buyers have several alternatives, then who pays the piper will call the tune.
07 Jan 2006 14:56
Post 7 of 46
To my understanding, Seller is the one who set rules, Eventhough there is no business without buyers; Why?
Seller is fullfilling the requirements of the buyer.
Its always the system that there is a "Demand" first then solution.
One should pay attention to word "Demand" , Buyers and Sellers are same, even if they are in business from a local Shop, Market or International Level.
If One is fullfilling the Demand then One has right to set rules.
Seller is fullfilling the requirements of the buyer.
Its always the system that there is a "Demand" first then solution.
One should pay attention to word "Demand" , Buyers and Sellers are same, even if they are in business from a local Shop, Market or International Level.
If One is fullfilling the Demand then One has right to set rules.
07 Jan 2006 23:51
Post 8 of 46
Replying to agriturk:
I see that many problems arise from doing trade. What we all(sellers and buyers) need to remember is that you are now, not doing business just with your neighbour, but with a company from another country. This will bring many differences from business culture to trust problems. I buy from more than 50 companies world wide. I have never been scammed. Yet.
Some suppliers are companies I have been reccomended by coleagues in the industry so I can trust them. I send them the money by direct transfer and they send the goods. No questions.
The companies I have no idea on reliability/quality, are always willing to achieve a compromise on payment terms. And because I am the buyer, they bend over backwards to get my business.
Both buyers and sellers hold the key to who decides. It should be a mutual agreement. Any supplier who refuses to cooperate looses my business. I am not trying to dictate terms to my suppliers, just work together to forge a successful business relationship.
It is also only on the first order from a company that this happens, once you have my satisfaction and the quality and price are what I want, then the following orders are payment before delivery.
Wake up all you stuffy headed buyers and suppliers and welcome to the world of free trade. The competition market place is opening and getting smarter. (Not a direct attack at anyone, just a friendly advise to all)
I see that many problems arise from doing trade. What we all(sellers and buyers) need to remember is that you are now, not doing business just with your neighbour, but with a company from another country. This will bring many differences from business culture to trust problems. I buy from more than 50 companies world wide. I have never been scammed. Yet.
Some suppliers are companies I have been reccomended by coleagues in the industry so I can trust them. I send them the money by direct transfer and they send the goods. No questions.
The companies I have no idea on reliability/quality, are always willing to achieve a compromise on payment terms. And because I am the buyer, they bend over backwards to get my business.
Both buyers and sellers hold the key to who decides. It should be a mutual agreement. Any supplier who refuses to cooperate looses my business. I am not trying to dictate terms to my suppliers, just work together to forge a successful business relationship.
It is also only on the first order from a company that this happens, once you have my satisfaction and the quality and price are what I want, then the following orders are payment before delivery.
Wake up all you stuffy headed buyers and suppliers and welcome to the world of free trade. The competition market place is opening and getting smarter. (Not a direct attack at anyone, just a friendly advise to all)
09 Jan 2006 00:56
Post 9 of 46
I am going to import some kind of electronic goods from different country like and China and Taiwan. and the Exporter group is intending to make payment through T/T or something else. Please do send me appropriate way of making payment.
10 Jan 2006 23:14
Post 10 of 46
It is crazy for someone to say all sellers who ask for L/C or T/T are scammers. Knowing that all kind of scammers are out there to order your product and then try to scam you out of it...a seller has to try to ensure that he dosent get scammed. We all have to remember that sellers are more often scammed than buyers do. Small companies cannot afford to be scammed out of a container load of goods...so you have to try and do everything you can to ensure that that dosent happen.
13 Jan 2006 19:03
Post 11 of 46
Of course the seller sets the payment requirements. The buyer may always try to negotiate, but the seller always reserves the right to refuse service or supply. Have you ever tried going to McDonalds and paying with a personal check? Sellers, don't let buyers dupe you into accepting unreasonable or uncomfortable payment terms, and Buyers, do your due diligence!
16 Jan 2006 16:31