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How do I protect my broker's commission? 21 replies,4385 views

#1
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?



#2
Re: How do I protect my broker's commission?
Posted 02 Aug 2012 15:45

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#3
Re: How do I protect my broker's commission?
Posted 12 Aug 2012 19:29
Jorge, I think at the beginning, you should have an agreement
#4
Reply #
Posted 12 Aug 2012 22:54
It depend on whether you are willing to privide the seller's imformation to the buyer.
#5
comission
Posted 13 Aug 2012 23:30
Ask the buyer to pay a 10% deposite to your paypal. Then the 90% payment can go to the supplier.
#6
Reply #
Posted 15 Aug 2012 06:45
Does not understand English how to do a good job of international sales [em4]
#7
Re: How do I protect my broker's commission?
Posted 19 Aug 2012 20:08
if the profit is ok ,i think it is better for u to start cooperation with exporting company who would make sure both three parties' profits. If u don't want to cooperate with exporting company ,then it is better for u to open account to receive all payment by yourself firstly ,then keep your own profit left ,send the balance to the seller .Hope it would help u friend
#8
Reply # 7 sophia Xiong
Posted 23 Aug 2012 03:21
agree to your statement ![em17]
#9
Reply # 1 jorgemv
Posted 29 Aug 2012 13:43
yes there is a way to get your comission in your country
#10
Reply #
Posted 03 Sep 2012 11:10
The best way to protect your interest would be to actually issue a Letter of Credit in your supplier's favor.

The payment is not effected until the goods are well received.

We are able to issue this on your behalf. Please feel free to contact me at simon@silas-trading.com
#11
Re: How do I protect my broker's commission?
Posted 06 Sep 2012 04:23
i aslo want to know

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