How to avoid Internet Fraud

Check the credentials of potential partners before engaging in business  
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Be sure to check the credentials of all potential partners before engaging in any business over the internet.
xDf^3OHUr'i[ You can check the backgrounds of established manufacturers or wholesalers with trade institutes, local or online credit agencies, or online services such as D&B. Unfortunately, few resources are available to verify the legitimacy of newly established businesses. Be especially vigilant when dealing with new businesses.
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a5NlSf_ Letter of Credit and Escrow are the recommended payment methods .aQI#aP4V{J

(r/P9G``1l0[2Kw!U!D/k Letter of Credit (L/C) A Letter of Credit is the preferred payment method. However, there is some possibility of fraud due to incorrect or forged shipping documents. Minimize the potential for fraud by contacting the L/C issuing bank.
6n7xXj#[0sX Be sure to check the L/C number, opening date, opening place, name and address of the issuing bank, shipping date, valid date, loading and unloading port, applicant, period of presentation, amount, as well as details of transshipment, partial shipment, etc.
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qS^!Q D)R!p`a Escrow Escrow.com is the transaction settlement service used by many of the leading e-Commerce sites, including eBay and eBay Motors. Escrow.com acts as a secure third party to protect the Buyer and Seller. (but refer to [url]www.escrowfraud.com)[/url]
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Avoid T/T (Telegraphic Transfer payment) For Buyers : It is unwise to accept an overseas supplier's request for pre-payment. In most cases, a request for T/T payment involves attempted fraud.j2cG'ya

.ZcV\ D(F8u!Q For Sellers : it is unwise to agree to accept payment from an overseas buyer after they have received products. Once a buyer has received samples or products without payment, it is very difficult to get them back.C'nTQ UH

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s!s,Q"M9S7x2fA gY Avoid Payment by Western Union Most of the fraudulent cases reported to EC21 involve payment via Western Union. After a buyer sends funds, the receiving breaks contact and party disappears. You cannot trace the real name of an account holder with a wiring service such as Western Union. `:An;{(cC(D

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Make a clear contract  wy7OdMj6t
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You should make a trade contract and keep it for a specific period to prevent argument. The contract should include sales conditions, payment method, an arbitration clause, quality inspection, etc.  
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MRB%Na@O#L3u Stay in frequent contact with business partners  VDN)UB1N ~2X
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,E.j?c8HLA|7u Call the company's phone number and check that the person you are in touch with actually works for the company. Be suspicious of any trader who uses only an e-mail address and cell phone and is reluctant to reveal a telephone number.
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:|%x!p2JwZKJJ!Q Maintain frequent contact and ask in detail about price, quality, payment method, contracts, etc. Genuine traders will respond positively and promptly. Most successful internet traders maintain close contact with business partners and reply promptly to inquiries.  &}Kwn+h(]R-D-l"X
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Check Contact Information  
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E-mail Address : Do not rely on e-mail to contact a business partner. Even if the company has its own domain name, you may not be able to trace its owner.
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Fax Number : Look out for companies that use the same number for telephone and fax. They are likely to be small businesses. Also, it is best to avoid companies that list only a fax number in their contact information. 4B(h P:uRL|bL4A,pQ
Website address : An impressive website does not guarantee the honesty or existence of a company. Don't be lulled into a false sense of security.
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Samples  ']SnK1w+d

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1dk,I2|M:r+@}n2D For Sellers : Request a nominal payment for samples.
O8m-?`'n.K_.B When an unknown buyer requests samples while hinting at a large order, it is always wise to request at least a nominal pre-payment.
#wKB'R fk9SPUm For Buyers : Request samples to check the quality of product.0Y&v+s$E2[q
Order a sample before committing to a purchase order to be sure that the product meets your expectations. Don't forget to pay for samples.R
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Be Wary of Over-generous Offers  )F+lL#W
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Be wary of potential partners who offer a particularly high or low price in the first instance. It is easy to be tempted by such offers, but they are most often attempts to defraud. This method is most commonly employed in the mobile phone and computer-related business.

Thank u very much ! i have readed it very seriously

Hi, i have recently receive a business proposal for my product, they are paying 100% T/T. after some negotiation I have send to them a contract to sign and proforma invoice with bank transfer details. It interest me, how can they fraud me?
0A/mu3]*Uw(S j Thank you

I think the best way to judge an email is a cheat or not is to use goole, and type in some key word. you will know the result.

the time LZ posted is crazy.
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can't image this thread has been a history of one year.

Thanks a lot!

Reply #6 xujinjin's post

FOR A LONG TIME TO DISCUSS THE ISSUES

a good article,and learn more form it.thank u.

verify suppliers

We can help to verify suppliers.

old thread.
NT*Vz V9x but has some effect.3UYl(S1FU!Xa@pVh3W
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T/T is most used by us.
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W cos L/C is too complicated and cost is higher.

very hard to identify each one
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Doi4`&P\ but please notice that biz is biz:z0I$A} JE'wcQ
no much favorite policy you can earn from other's side

thank you for your share.