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Trustworthy Wholesaler or Scammer?

Discussion in 'Making Money' started by rgrmatt, Jan 4, 2009.

  1. rgrmatt

    rgrmatt Newbie

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    Occupation:
    Investing
    Location:
    Texas
    So I am deciding between a few wholesale companies on alibaba and contacted them to use escrow.com as the payment platform. This, in my opinion is the safest method to do business with companies in which you don't know the credibility of. They rejected my escrow.com idea and replied with the following:

    We understand that you need to protect your business, so we also need to protect our business aswell, Our Company protocol those not work with third Party, because we dont like problem in our business transaction, and problem can come-up from third party at anytime.
    so that is why we decide to do business in this way.

    HERE IS THE PROCEDURE.....
    1)We require that you make payment inform of a deposit via Western Union OR Money Gram to any name of your staff's or family relatives like your wife or
    son as the receiver of the payment in Sidcup, kent. OR anywhere in United Kingdom .This way we'll not have access to get the money until when you get
    the goods,

    2)Send the payment details to us including the Western Union OR Money Gram payment slip and details as a proof
    that the payment is deposited.

    3)Once we get the details and confirm that the transfer is done,we'll Shipout your goods to your door step.
    ( AND SEND THE TRACKING NUMBER AND FEDEX AIRWAY BILL) To track your goods online. and know the exact time that you will get your Phone.

    4) When you get and inspect the goods ,if everything is ok then you'll change the reeciver's name from that of your staff or relative to that of
    our company account officer and we'll have our money and then you have your goods.

    This way the both parties are happy,what do you think?


    What do you guys think? Anyone have experience with this type of transaction method? Possible ways they can scam me? Thanks.
     
  2. stang1101

    stang1101 Junior Member

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    NEVER pay with moneygram or western union because 99% of the time its a scam. If they want your business bad enough they should accept a payment method of your choice like PayPal or credit card. I recommend DHgate dot com, and also Tradetang dotcom for wholesaler. Look for Gold members as they can be trusted. Also, stay away from ioffer and other sites like that.
     
  3. jdb142

    jdb142 Newbie

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    Don't do it.

    All they do is ask who the payment's name is in then use fake documents in order to acquire the money.

    If they product you are buying is legit (ie. not fake) then they should have nothing to worry about with you paying via another method.

    I used to import stuff and always stayed away from guys offering Western Union and the like as payment methods. The reason being that I would only use that as payment if I really knew and trusted the receiver.

    My advice is to keep looking, also if the product is legit and they claim to be selling a lot then ask them for their company name and cross reference the details for the company with the details they have given you.

    If they are based in the UK then you can check the details out on the Companies House website for a couple of quid (approx. $3).

    If you are buying 'replicas' then it is a little more understandable, but I would still be cautious.

    Also remember that some of these people's occupation is scamming so paying a lot for 'Gold' status means little compared to the return they can get, although it is safer you are still not guaranteed of security when dealing with them so still check them out fully.
     
    • Thanks Thanks x 1
    Last edited: Jan 4, 2009
  4. mrtornado

    mrtornado Jr. VIP Jr. VIP Premium Member

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    That guys are totally trying to scam you so don't buy from them.
     
  5. rgrmatt

    rgrmatt Newbie

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    Oh well. Thanks guys. This recession is starting to piss me off now. 2 wholesalers of mine went out of business now in the States. Thanks for the responses.
     
  6. aмillionaírе

    aмillionaírе Jr. VIP Jr. VIP Premium Member

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    No don't send any money through WU, demand that they have it your way or don't do it.
     
  7. mrtornado

    mrtornado Jr. VIP Jr. VIP Premium Member

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    or if you wanna piss them off just send them $5 or something like that and just modify the receipt :) they can't know how much money you transfered them until they picked them up. If they are honest they will deliver to you :)
     
  8. innocent

    innocent Junior Member

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    Just so you know there isn't much of a choice...I also say NO WAY to send money through WU. If you are doing business with a reputable company, they will have multiple legit ways of taking your money and sending your product...
     
  9. carryout

    carryout Junior Member

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    Occupation:
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    Hey just go check out
    Code:
    www.tradetang.com
    I've bought from there about ten times and everything comes withing 3-5 days max. And they have their own escrow service, Hope that helps and good luck.

    Hit thanks if this helped