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The seller wants 100% up front. What should I do?

I am a first time buyer and the seller is insisting that I should pay 100% in advance by TT or Western Union. What should I do? How can I verify the dealer is genuine or just another player.

ANSWER:

Generally speaking, the payment terms are negotiable. Unless you are buying a very small order, the normal payment terms are 30-70. 30% deposit and 70% AFTER independent inspection. I would also like to direct you to the following links for articles and videos which cover this topic:

http://chinasourcinginfo.org/2011/11/17/finding-suppliers/

http://chinasourcinginfo.org/2011/11/19/evaluating-suppliers/

http://chinasourcinginfo.org/2011/09/30/first-order-jitters-placing-an-order-with-a-manufacturing-company-in-china-for-the-first-time/

http://chinasourcinginfo.org/2011/11/21/how-do-we-choose-a-good-manufacturer-in-china/

http://chinasourcinginfo.org/ask-a-question/i-have-a-list-of-potential-suppliers-can-you-help-me-determine-which-one-is-a-good-fit-for-me-and-if-they-are-legitimate-companies/

http://chinasourcinginfo.org/2011/12/07/how-can-i-be-sure-the-products-i-want-to-buy-are-genuine/

http://chinasourcinginfo.org/2011/02/16/can-we-trust-our-suppliers/

Wishing you successful China sourcing!

Question answered by Mike Bellamy, host of “Ask the Experts” at the China Sourcing Information Center.

Mike Bellamy is an Advisory Board Member & Featured Blogger at the not-for-profit China Sourcing Information Center (www.ChinaSourcingInfo.org). He is also the author of, “The Essential Reference Guide to China Sourcing” (chinasourcinginfo.org/book) and founder of PassageMaker Sourcing Solutions (www.PSSchina.com )




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