Posted 25 Jul 2012 11:40
If acting as a broker on the sale of 92K pairs of jeans, the seller is in India, and the goods are FOB USA., is there any way that I can protect my commission if I do not have a business account? I'm also in the US.
For example, say that the seller's price for the goods is USD $0.90/piece. If I were to find a buyer who would pay me USD $1.00/piece, how can I protect my built in commission without receiving full payment for the entire order, deducting my commission, and then having to remit the balance to the seller? At first, I was thinking of using my PayPal account for this, but I've heard it said, that PayPal has been known to freeze accounts when large sums of money are deposited into them.
Can someone please help?