Over the past ten years, I have heard of many companies getting scammed as follows: They pay a supplier (usually in China) by bank wire (T/T) At one point, the buyer receives an email that seems to come from the supplier (but is … [Read more...]
Beware of this China Scam: The Commodity Bait and Switch
We are contacted regularly by overseas buyers who are about to purchase a commodity product from a Chinese manufacturer, and it is nearly always a very risky situation for the buyer as switching out an order of commodities to a cheaper … [Read more...]
Tough negotiations of payment terms with Chinese suppliers
Many purchasers are unfamiliar with what is commonly negotiated by other buyers in China, and this is especially true when it comes to payment terms. Some suppliers take advantage of it by requesting terms that are very favorable to … [Read more...]