What form of payment do you use w/new importers?

[BlakeIC]

What i mean by new importers, is someone you've never dealt with before

i was reading this on startupbros
[url]http://www.startupbros.com/how-you-can-make-big-money-importing-from-china-the-rise-and-fall-of-my-empire/[/URL]


And the author mention always use paypal at first, you know just to see if they will scam or not

My issue here is i am permanently blacklisted from paypal for something i have/had absolutely no control over.

So about going to purchase from a supplier how would you guys recommend I go about sending payments?

 

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[redthumb]

If the supplier accepts it escrow.

"How does escrow work?

The Alibaba Escrow service (or whatever service you want to use) consists of you sending the payment for your order to a third party (Alibaba in this case) who will hold the money until you tell them that you have received the order and it is to your satisfaction. At that point, they release the funds to the seller. If you arent satisfied with the order, you can basically dispute the transaction and get a refund. It may a little bit safer than PayPal, but normally I still try to use PayPal anyways." From the startupbro website.

 

[Matt B]

Depends on the total order value. For samples you can just wire the full amount, but for larger orders L/C or cash against documents is mandatory.

 

[Elizabeth Shi]

Hi, I've recently made a post on this, thought this could help you..
https://www.thefastlaneforum.com/co...options-when-paying-suppliers-in-china.51133/

 

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