You can check the backgrounds of established manufacturers or wholesalers with EC21 Credit Report. Unfortunately, few resources are available to verify the legitimacy of newly established businesses. Be especially vigilant when dealing with new businesses.
Be suspicious of deals that seem too good to be true. They usually are.
Be suspicious of sellers offering very low prices for hard to find items who seem to have a large number of these same products.
If a seller is offering a number of the same items, ask to speak with the seller's supplier. Independently verify that the supplier is a legitimate business with the correct address and phone number through a telephone directory or by calling directory assistance.
A Letter of Credit is the preferred payment method. However, there is some possibility of fraud due to incorrect or forged shipping documents. Minimize the risk of potential frauds by contacting the L/C issuing bank.
Be sure to check the L/C number, opening date, opening place, name and address of the issuing bank, shipping date, valid date, loading and unloading port, applicant, period of presentation, amount, as well as details of transshipment, partial shipment, etc.
PayPal is online payment service providing you personal money account through online, which can be funded with an electronic debit from your bank account or by a credit card.
For more information, please visit www.paypal.com.
Escrow.com is the transaction settlement service used by many of the leading e-Commerce sites, including eBay and eBay Motors. Escrow.com acts as a secure third party to protect the Buyer and Seller.
It is unwise to accept an overseas supplier's request for pre-payment. In most cases, a request for T/T payment involves attempted fraud.
Western Union is a widely used payment method; however most of the fraudulent cases reported to EC21 involve payment via Western Union. After a buyer sends funds, the receiving breaks contact and party disappears. You cannot trace the real name of an account holder with a wiring service such as Western Union.
Maintain frequent contact and ask in detail about price, quality, payment method, contracts, etc. Genuine traders will respond positively and promptly. Most successful internet traders maintain close contact with business partners and reply promptly to inquiries.
Fax Number : Look out for companies that use the same number for telephone and fax. They are likely to be small businesses. Also, it is best to avoid companies that list only a fax number in their contact information.
Website address : An impressive website does not guarantee the honesty or existence of a company. Don't be lulled into a false sense of security.
Business Registry Number: 120-86-03931