Re: Payment method for wholesale stock
Just a note to the OP
I have been buying on China for sometime and the "Gold membership" means nothing, its a service the seller pays for, it does not in anyway prove they are not scammers. As you can not leave feedback for sellers on Alibaba you don't know how long or how many poeple have been scammed. Alibaba make no money from buyers so rarely do they ban the scammers, Alibaba just don't care. Look for sellers who offer a fair price, the cheapest are always the scammers, don't be fooled by the claims of super cheap stuff and remember if a deal seems to good to be true it is, I've been offer iphone 5's for $99 lol. Also don't be fooled by great websites, check the websites out, do a register check, most companies in china will claim to be 10 years old yet have a website 3 weeks old.
If you want to protect your mony there are sellers on Alibaba that will accept Paypal and will agree to payment via PayPal if you pay the 6% fee. This is a good way of getting a sample order to test product and quality and make your first few purchases. This said, many will accept Paypal for sample order, send you high quality goods then insist on TT/Western Union/MoneyGram for all full orders and then scam you with low quality rubbish.
A good seller will allow you to make orders with PayPal, its a pain as it increases you basic wholesale cost but once you have built up trust you can switch to TT/WU for furture orders.
You can also use the Aliexpress which does protect your funds but do read up and do small test orders to learn the ropes.
The most secure way is using a buying agent from china, a little google serach will pop some up, check then out on other wholesale forums to find the best and use them, they will find you the best price, deal with the factory, check you order and ship it to you. SOme will just check out the company your looking to deal with for a samll fee, this is a good option too. They usually charge about 5% of your order value but are really for large orders dealing with large amounts of cash. You can also travel to China to one of the major trade fairs and deal direct but this option is the experienced buyer.
When buying from China, research is your best tool. If you find a company google them, and the google them somemore. You will loose money, we all do learning but experience makes it easier and there are good, honest companies in china which you can make good money from, its just for every 1 good company there is proberly 100 scammers ready to take you money and run.
Last edited by Forcefire; 05-23-2014 at 03:20 PM.
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