payment condition
Post 1 of 5
Hello
I just want to verify on payment assurances here in internet.
I have contacted a supplier in our website and have asked of terms.I was answered that 50% of the price must be transmitted immediately and the rest apon issuance of waybill.
Due to existing reports on fraud here in internet , can you show me the way the gain trust regarding this condition.How could I minimize my risk.
Very truly yours
Carolyn Wagner
I just want to verify on payment assurances here in internet.
I have contacted a supplier in our website and have asked of terms.I was answered that 50% of the price must be transmitted immediately and the rest apon issuance of waybill.
Due to existing reports on fraud here in internet , can you show me the way the gain trust regarding this condition.How could I minimize my risk.
Very truly yours
Carolyn Wagner
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24 Feb 2007 05:12
Post 2 of 5
Replying to [hausmalibu]:
Wellas he is demanding 50% of payemnt right now , it may be that either he needs as gaurantee for the product or for raw material, we cant call him a cheater as such ..But then increasing number of fraudstres make us think again and again before sending the money...
for your 50% advnace ask the seller to give you the bank gurantee of same amount ...that way your money will be secured, if he comes up with some ifa n butts, then u r a better judge that there is something wrong....
sometimes we think that being too strong with seller will make him run, but if he is genuine he will work ..............
also for rest of payemnt u can open a bank l/c , that way u will be secured
Wellas he is demanding 50% of payemnt right now , it may be that either he needs as gaurantee for the product or for raw material, we cant call him a cheater as such ..But then increasing number of fraudstres make us think again and again before sending the money...
for your 50% advnace ask the seller to give you the bank gurantee of same amount ...that way your money will be secured, if he comes up with some ifa n butts, then u r a better judge that there is something wrong....
sometimes we think that being too strong with seller will make him run, but if he is genuine he will work ..............
also for rest of payemnt u can open a bank l/c , that way u will be secured
24 Feb 2007 07:48
Post 3 of 5
Replying to [hausmalibu]:
Have you fully checked out the company? First thing you have to be sure of.
50% is a little high for the first payment. 30% is more normal, even for a first time purchase....... What products are involved? If it is a Brand Name product then you are going to be ripped off........ period
24 Feb 2007 08:41
Post 4 of 5
Replying to [hausmalibu]:Dear Hausmalibu,
If you intend giving advance payment, ask supplier to give counter bank guarantee in your favour, so that if supplier fails to deliver within time, you get your money back.
Sixer
If you intend giving advance payment, ask supplier to give counter bank guarantee in your favour, so that if supplier fails to deliver within time, you get your money back.
Sixer
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24 Feb 2007 08:57
Post 5 of 5
Replying to [hausmalibu]: I have sold in 15 countries and I wil say to you this. DO NOT send any advance payment in this manner! Firts of all the amount is too high. YOU negotiate the amount if you can afford to lose it if its a scam.
However the chances are already VERY high they are trying to defraud you. Once you TT funds its like sending cash so when its out of your account its gone.
Test the supplier this to see if they are real or scammers. A real supplier that knows world trade wants to sell product and if you recommend a sensible method to buy why would they turn it down? If they are scammers they will keep trying to convert you to their method. This will tell you immediately they are scammers as they want that advanced deposit. If they are not willing to work with the payment method to your satisfaction tell them to screw off and keep looking for real suppliers.
See my other posts under my profile for some other info.
However the chances are already VERY high they are trying to defraud you. Once you TT funds its like sending cash so when its out of your account its gone.
Test the supplier this to see if they are real or scammers. A real supplier that knows world trade wants to sell product and if you recommend a sensible method to buy why would they turn it down? If they are scammers they will keep trying to convert you to their method. This will tell you immediately they are scammers as they want that advanced deposit. If they are not willing to work with the payment method to your satisfaction tell them to screw off and keep looking for real suppliers.
See my other posts under my profile for some other info.
24 Feb 2007 20:54
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