How to avoid being cheated during international trade.

Hi, Dear

As far as I know, in China a lot foreign customers from the world lost money cheated by Chinese international trading companies, most the money foreign customers lost were deposit of 30% for purchasing containers of goods.

If you google the key words of \"Cheating, scam, deposit, China...\" you will get a lot information which may help you be more careful in international trading business.

In my opinion, to avoid cheatings you should:
1. take a recorder with you all the time and record the conversations with the Chinese companies/sellers.
2. paying by cash is more risky

3. Always ask for a receipt with signature
4. Before you pay money, you ask for the Chinese contact/seller\'s ID copy, ID copy of the boss of the Chinese trading company, the business license copy of the Chinese trading company.
5. Before you pay, you must have a contract signed with the Chinese trading company, go to notarize the contract in a Notarization office.
6. Never trust too low price.
7. Find a third party as a witness.

With these steps there is much less chances that you get cheated, but as I know the cheaters nowadays are really tricky after learning from years of cheating experiences.

Good luck!

Leo

Posted by Leo Zhang on 2013-01-15 04:23:00

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Tags: China deposit trading scam

Posted by Leo Zhang : China Interpreter & Business Assistant

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