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| Worldtradeplus.com Safe Trading Tips |
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| Confidence and Trust |
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WorldTradePlus.com is committed to make your trading experience the safest and simple as possible. We try to provide you with as much information as possible about potential buyers and sellers and we help both you and your future trading partners make well informed business decisions. WorldTradePlus.com is provide Free and Paying membership service. In the Free membership we cannot guaranty that every information is true and reliable. In the paying membership service we are make every precaution to identifying trustworthy trading partners as well as online and offline resources that can give you a piece of mind to make your B2B trading experience more secure and safe.
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Tips for Safe Trading
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There are a number of actions you can take to research your potential business partner whom you have met on the Internet, so that you can reduce the risk of being subject to a fraudulent transaction or business misunderstanding. The Internet is world wide, and online scams are rampant - if you do not use some basic precautions to protect yourself.
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About Contact Details
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Prior to engaging in a transaction with a user, make sure you review the profile carefully. A good buyer and/or seller will always provide you with this information. The Lizard King* members are the best indicator of a user's prior and future business practices on line.
Always confirm if the address, phone number and email address given to you by your trading partner belongs to the same company.
Similarly, if a partner's email heading states that they work for a certain company, you should verify this. Be careful! Some scam artists could alter their return email address heading to make it look like they work for a company that they don't.
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Protect Yourself When Ordering or Providing Samples
As a buyer, order a sample before committing to a purchase order to be sure that the product meets your expectations. As a seller, request payment for a sample and/or payment for shipping costs before you send out the sample, especially if your product has a high resale value. Here are some tips:
Buyer Tips
On-line payment services such as PayPal and Yahoo Pay-Direct require more accountability for a seller to create an account and tend to be a safer form of payment online.
· Your Pay-Pal or Yahoo Pay-Direct account if backed by your credit card company may also provide additional protections.
· Postal money orders (from the Post Office) often provide tracking information and confirmation receipt and may be preferable to other money order providers.
· Western Union payments are risky as there is very little or no accountability and recourse in the event of fraud, no tracking and confirmation of your payment.
· Purchase from users with a solid profile history or that have updated their Pay-Pal status in their user profiles.
· Avoid sellers who are evasive and unclear. Ask a lot of questions up front before purchasing. Quality sellers will be happy to share any information you need about an item prior to purchasing or making an offer.
· Once you have made a sample purchase you are not obligated to make future purchase the item but you obligated to make payment for a sample if you did not paid yet.
If you are a buyer, sometimes a supplier may ask you for a deposit (usually 30%) before he accepts the order. While this is not unusual between long-standing trading partners, if you are doing business with the supplier for the first time, make sure you have done sufficient background checks on the supplier before you agree to the deposit, or ask for a different form of payment, such as a letter of credit. If the seller seems more focused on payment than any other issue, or indicates that cash payment must be made urgently, more caution should be given to the transaction.
Seller Tips
Never send money to a buyer (other than sample purchase) - no matter how good their story is.
Be cautious of buyers that are shopping for expensive items world wide. If they appear eager to buy but seem disinterested in the relevant details about your item this is often a sign of a fraud attempt.
·A common scam today: A buyer pays more for a sample than the asking price using a fake cashier's check, then asks for the difference to be paid via Western Union or wire transfer. Don't do it!
If you are a seller and have not been doing business with your partner for very long, avoid selling your products on open-account (in which case you are extending credit to your buyer). Instead ask your buyer to open a letter of credit.
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Use Pre-Shipment Inspection Services
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Of course a new seller is nothing to avoid! You just know a little less about them... For your peace of mind there are precautions you can take if you are purchasing from an unknown seller. Ask about shipping your item insured and/or with delivery confirmation, you can protect yourself against poor quality by ordering a Pre-shipment inspection of the products. You can demand the inspection as a condition to payment.
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Suspect Shipping Addresses
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Pay close attention to shipping or contact addresses located in countries with a high reported incidence of online fraud and many e-commerce web sites have found a high incidents of on-line fraud as well, such as Romania, Nigeria, Macedonia, Colombia and so on.
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Quality Buyers & Sellers
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Once you have purchased from a seller, you will build a relationship with them and dealing with them will be a pleasure! Most sellers doing good business online appreciate repeat customers and trustworthy buyers like you, just as much as you, as a buyer, will appreciate a prompt, smooth transaction with them!
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Reporting Fraud/Submitting User Complaint
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If you feel you are the victim of fraud, you can report the suspected user here. By doing this, you are providing a record of your complaint. Generally your complaint will remain in the system for at least six months or more, during which time He/ She will not be able to submit the user again. You can only submit a user with whom you have a pending or completed transaction, and only after thirty days from purchase date.
Report suspected fraudulent
company here:
fraudprevention@worldtradeplus.com
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