Re: Please contact DHL Quote:
Originally Posted by dallis Largely depends on what you're buying. I only deal in low risk items, and in the old days in basic commodities, no electronics or custom spec work.
Two way trust in overseas transactions is unheard of.
I wouldn't bank transfer funds to anyone in China. I doubt even a company like Apple bank transfers funds to Foxcon until they have the container in their hands and have confirmed the product is counted and correct and as specified.
That's what escrow is for. | You are mistaken in many ways. If you say unheard of, then you simply have very limited or small quantity experience.
Trust is earned both ways over time. Paypal fees are far and away to big for true factory wholesale business. I dont accept it and non of my vendors do for large orders. Heck, you cant even send more than 10K at one time with paypal.
Now, for most people on this forum, credit card payment through paypal is the best option, but once you gain trust, save that insane exchange rate and paypal fees and knock 10-20% off your cost of goods. Start small and go from there. Keep payments small and never send more funds than you can afford to loose.
But to say you will ONLY pay vendors over seas paypal really keeps your business small and options smaller.
Last edited by yankee; 01-22-2018 at 08:35 AM.
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