New Business Revolution

Monday, October 14, 2013

Safety Tips When Doing Business Online



It's no secret that fraud prevention is complicated and constant concerns especially when doing business online. 

Followings are the Online Fraud Prevention Tips that both buyers and suppliers should know. Please do remember all the mentioned below and protect yourself from online fraud.

Tips for Buyers
- Check credentials of suppliers before finalizing business deals
- Be wary if suppliers only accepts Wire Transfer or Western Union
- Be cautious of unsolicited or overgenerous offers 
- Be wary of items with delayed shipment 
- Use extra caution while dealing with high value and popular items
- Request samples to check the quality of product 
- Make a clear contact & stay in frequent contact with suppliers.
- Order Credit Report to check if your chosen supplier is legitimate

Tips for Suppliers
- Check credentials of buyers before finalizing business deals
- Watch for address inconsistencies 
- Be wary of unusual buyers' request 
- Provide clear and detailed descriptions of your items
- Respond to buyers' inquiries promptly 
- Track your shipped packages 
- Make a clear contact
- Stay in frequent contact with buyers
- Order Credit Report to check if your chosen buyer is legitimate