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.
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:
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 )