How can we distinguish foreign trade fraud?

Many China suppliers and international buyers are afraid of fraud cases in foreign trade business process.

The reason may come from unfamiliarity between both sides as both sides do not know each other’s real conditions or credit.

As for some new suppliers or international buyers, they may lack of basic experience and they only know some skills and tricks from books or from other rivals experience which may have been posted on some websites.

There are several points to protect your interest and right in foreign trade.

First, international buyers or intermediaries may send you an email or call you to inquire you what products are your main business products, and then they will require company profile and product detailed information. If the supplier asked the order amount, the other party may decline to answer since it is still at the early stage.

If there is a fraud company, they may know your products clearly and the fraud company may answer order amount which may be millions of US dollars or tens of millions of dollars.

Second in normal foreign trade, the buyers will check the product quality and the company’s certificate and credit.
But the fraud company will not give any excuse to refuse, just agree on any issues simply.

Third, in normal foreign trade, buyers will contact you or even visit factory if they are satisfied with the sample products. They may consider more issues and spend more time on negotiating on the final price.

If there is a fraud company, which may not know market trend or price range, they will receive some unreasonable price and they would not spend much time on negotiating prices.

IBUonline is a B2B platform and it has launched foreign trade entrustment service. Registration only takes several minutes.

You can visit IBUonline homepage and know more about the specific details.