Re: The 12 Due Diligence steps for making money
Posted 29 Dec 2009 11:18
Alibaba is an absolute SCAM. I have tried to purchase Canon SLR cameras from 3 different supplies from China and have been scammed 3 times and lost tons of money.
I have used Trade Manager and have history of conversations with suppliers, I have their company registration papers (in Chinese, but I even translated it), I have pictures of cameras they e-mailed me... BUT now I will show you how this SCAM works.
Seller provides you with all the proof you need to proceed with payment and the only way they accept payment is via Money Gram or Bank Transfer. You send money and then wait for a week, as seller tells you that shipment must be prepared!!! Then they give you a wrong tracking # by DHL... Then they give you a correct tracking # by EMS... and EMS takes another 10-12 days to get to you. It's all done to drag this as long as possible, so they can scam more people before Alibaba will de-activate their account.
When you receive a box by EMS from "NO Address", just Shanghai, China and you open it... you get couple of cheap chinese made video cameras or some chinese made phones... You complain, you scream....but you have accepted the package.
So that's how it works. I have been scammed twice by exactly the same scenario, to the dot.
Here is another trick they make. Seller accepts payment via Paypal or Credit card, but tells you that a shipping mistake was made and instead of one they sent you four cameras. Seller demands you to pay the rest of the amount by Western Union or they won't release a tracking # to you.... DA.... you don't need a tracking #, as no shipment has been sent.
Alibaba doesn't do anything about it. They say that they have removed seller's account, but seller is still listed at Alibaba.com.
Guys, it's all about money Chinese companies scam and Alibaba receives as a membership fee.
Stay away from this site. If you need any proof of these scams - e-mail me and I will send you pictures, transactions, etc.