B2B global trade is already more than decade associated with B2B online marketplaces. They present a great marketing and advertising tool. It is a worthy place to sell or buy wholesale products in smaller or bigger orders. The system has made global communication easier for many manufacturers, suppliers, wholesalers, distributors and sole traders. As there are more advantages, there is also one “ dark side of the coin”.

Fraud, scam, many buyers who have never seen their products, many others who where not satisfied with the delivered goods but a return was simply too painful and difficult, many who have lost even bigger sum of money dealing with foreign partner.

I have been already doing B2B, B2C global trading and marketing for many years. Every day I can hear about people who lost their money by dealing with a seller mainly from developing countries but also from China or Indonesia. In many cases they occured fraud as high as thousands dollars.  But what I am usually shocked about is how easy it is for frauders or scammers to get money out from the customers.

The most common mistake is to send money via Western Union or Money Gram. I have nothing against these payment providers but in an international trade without a detailed knowledge of the another party it is just not a suitable solution. And most of the frauders know it and they will do everything including various promises and presentation to get the money out of you. Remember the scammers are not keen to use other payment options then the two mentioned above.

The key strategy how to not become a victim is to use a secure payment method. Use Escrow Payment. For those who don’t know what is it, here is a short explanation.  You as a buyer pay for the goods to the escrow and the payment will be released to the seller only when the delivered goods is satisfactory http://dotradeeasy.com/secure-escrow-payment.html  This is the most secure way and remember scammers will never go for it and will have  dozens of excuses why not to use it. When you pay, it is your responsibility to use secure payment system as easy escrow for smaller orders and e.g. letter of credit for bigger orders.

 In this time there are some companies who look really professionally, sometimes they are even Gold and Verified members on the biggest Chinese and global B2B marketplaces, sometimes they are a masters of the scam. Let me tell you the incredible story about one company. They pretend to be from UK but actually based somewhere in south east Asia, wholesale various products as mobile phones and apparel. One client has ordered iphones from them for about $1500. They have sent him an invoice with a tracking number and a name and contact number of a shipping company. And required a payment. My client has no doubt and paid via Western Union. After a week he was nervous when he has not received the goods and contacted the seller (Chahal and Sons Ltd). Seller confirmed him that he sent the goods and the problem is with a shipping company. After some time we have found out that the number and voices of the seller and the delivery company were too similar, identical.. My client has never seen his iphones for 1500dollars. How clever and  professional!

 The level of fraud is growing. It is very difficult to recognize them. No matter if you deal with a Gold, Silver, Platinum, Verified or Trusted member on various B2B marketplaces, no matter how professional the seller seems to be.  The secure system offers www.dotradeeasy.com B2B marketplace.

A commercially minded company director, has experience of international trade with five years of success in the marketing, multi-media, real estate and music industries. He brings proven business judgement, strong strategic ability, people management and leadership, personal commitment, communication skills, as well as a deep understanding of marketing, particularly internet marketing strategies such as pay per click and search engine optimalisation.

Article Source:http://www.articlesbase.com/online-business-articles/buy-or-sell-securely-wholesale-products-online-dont-loose-your-money-again-1523684.html

 Mail this post

Popularity: 11% [?]

StumbleUpon It!

Filed under: General

Like this post? Subscribe to my RSS feed and get loads more!