Typically, all payment methods are safe. But only the buyer can define what is safe for their transaction and what assurances they require for their investment. If you know your supplier and have a good relationship with them W/U, T/T, D/P, Escrow.com, and L/C are all safe. If you do not know your supplier and have no relationship then I'd opt for the last two. Escrow allows you to inspect the items before payment is released, and the L/C requires that specific douments will be presented before the release of any funds. For companies doing smaller buys I suggest that fees would be better via escrow.com and for large PO's the L/C will be the best. In any case you must not only research the company supplying you the goods but also the payment method. For L/C their are different types that may be more beneficial than others per your company requirements and I suggest that you visit your bank and their International banking department to discuss all aspects of the L/C.
So when, individuals ask what is safe no one can really reply as they have no insight into anyone elses business nor their requirements for trust and security of funds.
R.C.Sukhtankar |