Being new to Alibaba, I have found a supplier who wants payment by "TT inadvance".

They are a GOLD SUPPLIER and have sent a Proforma Invoice with all their bank details on.

Do I pay by Credit card, bank transfer or other ?

Please help

Cheers

Jasper

 

 

 

DEAR JASPER, PLEASE BE CAREFUL.  I PAID FOR AN ORDER BY TT AND THE COMPANY GAVE ME A TRACKING NUMBER FOR GOLDEX EXPRESS.  THEY GAVE ME A GUARANTEE FOR MY MERCHANDISE AND I THOUGHT I HAD DID SUFFICIENT HOMEWORK ON THE COMPANY.  SINCE OCT 18, 2005 NO ONE HAS RETURNED MY CALLS FROM THE COMPANY AND THE SHIPPING COMPANY LOOKED GOOD FOR A DAY OR TWO.  IT SHOWED MY MERCHANDISE LEAVING INDONESIA AND THEN IT GOT HUNG UP IN JAPAN.  THE REASON  WAS SELLER REQUESTED HOLD BECAUSE PAYMENT WAS NOT CONFIRMED.  THE SELLER HAD TO ME HE SHIPPED MY MERCHANDISE THE DAY I DID THE TT PAYMENT.  THE SHIPPING COMPANY DID NOT UPDATE THEIR WEBSITE FOR APPROX 10 DAYS AND THEY ONLY HAD EMAIL TO CONTACT THEM.  I THOUGHT THIS WAS A LEGITIMATE COMPANY BECAUSE THEIR WAS A LOT OF INFORMATION ON GOLDEX EXPRESS.  I CHECKED ON MY SHIPMENT TWO DAYS AGO AND THE COMPANY WEBSITE HAS BEEN SUSPENDED.  THEIR IS NO WAY FOR ME TO CONTACT THE COMPANY I DID BUSINESS WITH OR THE SHIPPING COMPANY WITHOUT MORE OUT OF POCKET EXPENSE TO ME.  I AM DEALING WITH MY BANK TO SEE WHAT STEPS CAN BE TAKEN BUT I THINK THIS WAS AN ELEABORATE SCAM.  IT WAS NOT A GOLD SUPPLIER BUT JUST BE CAREFUL.

BASKETS888

T/T is well accpeted payment method in foreign trade. To find out more information and the its risks and benefits, please refer to one of our articles under Trade Essentials:

Popular payment methods in international trading

http://resources.alibaba.com/article/44/Popular_payment_methods_in_international_trading.htm

Replying to [Jasper]:

Quoting from [Feri]:


Replying to [Jasper]:

Thank you for sharing your experience. I have had some "so called long standing" companies only accepting the TT transactional procedure. And, I have never gone that route.