Look before you leap makes your online trading safer
Like any other businesses, foreign trade is full of risks. But if every trader is cautious enough, there would no space for Internet frauds and actually, many victims admit that they don’t make enough background checking before payment. To conduct safer online trading, every trader should bear in mind:
1. No 100% trustworthy companies:On every site, although Gold Supplier members have passed an authentication and verification process by a third-party credit reporting agency and therefore they are legitimate companies, you still have to use your own business experience and your common sense to avoid any possible fraudulent activities. Visiting a company's factory, verifying the contact information, asking for prior transaction references are all useful tips.
2. Make your payment logical: Some fraudulent parties will send seemingly alluring messages to buyers in the name of a certain Gold Supplier member to conduct fraudulent business. In such cases, they will first pretend to be a verified company , then they usually ask for further correspondence through their personal email address, such as yahoo, hotmail, gmail and they accept payment by West Union to London or Nigeria (or some other place) only. But by checking the authentication information of these companies, it is obviously that they are not located in such place. Isn't it ridiculous to send money to a city while the company is located in another one? Maybe this is acceptable in some cases, for security purpose, it is wise for you to raise your attention to this. Before transferring your payment, always check whether the payment details you received is consistent with the company's profile and double confirm with the company by telephone or fax.
3. Pay attention to seller's business category: 95% of fraudulent businesses falls into the category of hi-tech digital products such as mobile phone, laptop, GSP navigation, playstation etc. Before making contact, check your potential trader's Company Profile to know their business line, then compare with their other postings (product, trade leads) to see whether they are fallen into same business line. Just imagine, wouldn't you be suspicious if you see all digital products whiling entering into a fruit store?
To completely get rid of Internet Fraud is an ongoing process and it's up to traders as well as online communities' joint efforts. |