Dear Friend,

     i am going to start my first deal with one of chinase suppliers

Most of the supplier accept the payment term only by Western Union or T/T  in advance i.e. the money has to be transferred before shipping the goods which is a very risky.

Please i need your help : how can i guarantee or secure my money ??

Thanks in advance

 

You can choose the supplier who accepts Paypal or Moneybookers as the payment method ,which is very safe for you .I know one of such suppliers ,please check www.micro-china.com . After you build mutual trust on that supplier ,then you choose Western Union or T/T payment .

As many case of payment refusal by L/C,many of chinese supplier has suffered from this payment terms,so they would love to accept T/T only,even though they would miss orders..
The most popular payment terms between Chinese and foreign buyers is T/T,but attahes a quality guaranteen,what will be probably carried out by third inspection party,such as SGS or BV..
I suggest you could commit an inspection companythird party) to take an investigation or inspection to whom you gonna close order,after you get a satisfied report by third party,then you pay supplier a suitable sum of deposit,and after second inspection report available(quality and quantity inspection you inform supplier to board on cargo on vessel,then after B/L is exactly available,you gotta pay for the balance...
That's more fair for mutual interest....

Paymet by WEST UNION is really a worried thing for the buyer.

But If paid by PAYPAL,fund tied-up is a problem for the supplier.

It seems this is a dilemma.

For buyers,just an advice of choosing payment by WEST UNION,please show your supplier the payment proof, but it is not necessary to tell the MTCN right now until you get the goods shipment proof from the supplier.

Of course,it need both the supplier and buyer negotiate well before order confimation.

actually ,firstly ,i think you should confirm whether this company is do business true ,if not true business company ,i think whatever any payment , you will be cheated too. if they are true company ,whatever any payment ,it is safe for both

this is keywon company ,http://keywon.en.alibaba.com we are professiona at phones. we also accept paypal too . but say truth ,we are honestly business company ,so whatever any payment you use ,you will get what you should get from us. no need any worry.

what if one want to do business here with liberty reserve money. is it possible?

Business has risk itself, so you can not find that 100% safe.

LC only acceptable for big amount like about $10k, most of payment is by T/T in China.

and there is no other way acceptable.

But you can do something to avoid lossing money:

1. ask people who supply service for verify compnay.

2. Send one to inspect the goods before shipment.

these two ways would cost you a little money, but can ensure you get the right goods that you paid.

Helo my friend

          tell me the right way of starting a business with chines and other companies and tell me the payment rules of trading

Tips For Foreign Trader

1. Chose the qualified and registered company
Do not buy from free member that sell expensive product, good product, exclusive product, because they should be qualified member if they sell those item.

Big company has a cost to adversities their product, they sold be a qualified member if they serious to sell the item.


2. Look at the company profile, read carefully, see the contact us page, see the details address and make sure that they put mobile number or phone line. Try not to deal if they put a mobile number.

3. Buy available stock only, if you like to make order (for first time) you could give them Down payment, if point 1 and 2 is met.

4. try to not send payment by Wetern Union and Money Gram for First Time and Use paypal service.

5. ask the sample first before you make a Big deal, and for the second order try not direcly order in large quantity, be patiente to make a middle order.

6. if the seller is Alibaba Gold supplier or TrustPass member, try to confirm the company to Alibaba service Team wheter the company is True or Sacammer

7. Pray to GOD for Help

8. Make a happy Trade

We will update the tips and trick as long as we can. And if you have and question or need information and need a help, do not hesitate we will give you free information.

Best Wish
Souqalbadu Team

jorge jones wrote:

You can choose the supplier who accepts Paypal or Moneybookers as the payment method ,which is very safe for you .I know one of such suppliers ,please check www.micro-china.com . After you build mutual trust on that supplier ,then you choose Western Union or T/T payment .

 

 

 

Paypal is the most safe way for the payment?

qssealing wrote:

As many case of payment refusal by L/C,many of chinese supplier has suffered from this payment terms,so they would love to accept T/T only,even though they would miss orders..
The most popular payment terms between Chinese and foreign buyers is T/T,but attahes a quality guaranteen,what will be probably carried out by third inspection party,such as SGS or BV..
I suggest you could commit an inspection companythird party) to take an investigation or inspection to whom you gonna close order,after you get a satisfied report by third party,then you pay supplier a suitable sum of deposit,and after second inspection report available(quality and quantity inspection you inform supplier to board on cargo on vessel,then after B/L is exactly available,you gotta pay for the balance...
That's more fair for mutual interest....

 

It is good for the first order!