In response to the blog post Red flags you must know to avoid scams, a friend of the SBL who does due diligence for the US Department of Commerce, wrote in with some additional red flags that should concern buyers. Read here what she had to say!
Sadly, most visitors to our site have already fallen victim to a scam and come here to post their experience. But if you are lucky enough to find this site before doing business with an overseas supplier, please keep these tips in mind and please pass them on to other buyers who may be in […]
Once you got scammed in China, the police will most likely say they are too busy. Keep in mind people are scammed every day. Unless your loss is massive, the embassy and police send you to the back of the line.
Some simple and very effective ways to protect yourself: Make sure the name of the supplier is the same for the all the documents listed in this article. But even more important; do an inspection yourself or have a 3rd party inspecting the product, before final payment is made. This pays out even even with regular suppliers!
Without the official and original Bill of Lading transferred from the seller to the buyer, the buyer can’t take possession of the goods. The suppliers have a lot of leverage when they control the B/L. If your relationship turns sour, the supplier can manipulate the situation and use this leverage to extract additional payments from you.
A growing number of listings at Supplier Blacklist involve scams targeting buyers of famous brand electronics. The China Sourcing Information Center did a great video exposing the scam in detail. Find some of his key points and a link to the video in this article.