Finalizing payment with companies in China

Comment

Comment by Mukund Parthasarathy on February 5, 2010 at 11:29pm

be careful

Comment by Roya on December 10, 2009 at 8:41am

Thank you. I found them on Trade Key. They had a minimum order which was still too high for me, and I begged teh sales rep if they can give me half the units they are asking for. She said that usually they take 30% deposit on the order til receivede then the remaining upon delivery, but since I am asking for very little they wanted full payment. The amount was very little only $369, but she followed up a couple of days after everything went thru, and was going over details of shipping and shipping marks, etc. So I hope it's legit, otherwise she wouldn't continue working with me. Anway, if it's a scam...then a lesson learned, if not then it worked out.

Comment by Jeorge Tan on December 10, 2009 at 1:28am

Yes, they normally asked for T/T payments but you have to know the supplier first. There are a lot of scram out there.

Comment by Mark Hipkins on December 8, 2009 at 10:37am

I agree with Melody that you should look at and negotiate alternative payment options before finalizing and in particular, when there isn't a history of sales with the Chinese supplier. An alternative could be a L/C (Letter of Credit) which would have to be arranged by your bank. These can be expensive, however, depending on the dollar value of your order, it can provide some level of assurance to both the purchaser and supplier that payment & delivery will occur as negotiated.

Comment by Melody McKinnon on December 3, 2009 at 3:22pm

In my opinion, any professional, legit company will offer alternatives to wire transfers. You have very little (if any useful) protection when you pay by wire transfer. If they insist that there is no way, point them to Paypal China:

https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/Marketing/general/CNPayPalComparison-outside