I have been cheated USD32,000 by a hacker. Hacker entered in between my email and my supplier and it was very hard to discover. I thought I was in contact with my supplier and transfered the funds to the hacker’s account. Is there a way to trace that transfer? I have all the bank details.…

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Is it ok to send payment straight to sellers account, last time I ordered with this company I sent payment with Escrow, this time they asked me to pay straight to their bank account? Is this a good or bad idea? I would be very concerned if the account they are asking you to pay…

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“Are there any suppliers from China or anywhere else for that matter who would be willing to give 60 to 90 day credit from small startup online stores?” Small is a relative term. But since most factory-direct orders to China are above 10,000 USD per shipment, and assuming you are under that threshold, then unfortunately,…

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Recently we had a great oportunity to ask a few questions to Dr. Roberto Bergami, International Trade Senior Lecturer at Victoria University in Melbourne Australia.  He has specialized in methods of payment and delivery from a risk management perspective and was gracious enough to offer his expertise on these issues.  He has also provided a…

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The Global Financial Crisis (GFC) was a financial wake-up call for businesses. In countries like Australia, New Zealand, the UK, the USA and the like, where debtors rarely settle their debts within the standard 30 days from invoice terms, cash flow pressures can be especially acute.  The GFC saw many business owners left financially exposed…

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