Dear TradeKey Member,
TradeKey would like all transactions between our members
to be mutually beneficial. Although we cannot guarantee the success of every
transaction, the following are some recommended guidelines for trading:There
are a few essential steps you can take to investigate your possible future
business partner. These steps will
enable you to reduce the chances of deceptive transactions and unwanted
misunderstanding. Here are the steps:
Confident Relationship With
Your Trading Partner
and Factual knowledge
more about your trading partner has always been important when making trading
decisions. It is highly recommended to have a good relationship with the buyer
or seller. Try to have a conversation by phone in order to ensure that the
contact details they have listed on their TradeKey member page are correct. If
the contact details are incorrect please do report the issue to Tradekey Staff.
Please ask the TradeKey member to put in writing that they are selling original
items and not counterfeits or other 'versions'. Also, request them to provide some
references from their clients worldwide.
confirm if the address, phone number and email address given to you by your
trading partner belong to the same company. If a trader provides inconsistent
contact details, for example an address in the UK and phone number from another
country, we recommend that you look up the address in the local phone
directory, obtain the local phone number, and call this number to confirm that
the person you are in touch with actually works for the company. Similarly, if
a partner's email address states that they work for a certain company, you
should verify this. Beware of scam artists who alter their return email address
heading to make it look like they work for a company when, in fact, they don't.
make sure that your conversation is channeled through your respective TradeKey
member's area. When using free online messengers, it is recommended to make
sure that you are in contact with the actual and authorized representative of a
rely only on widely known and trusted companies for payment & shipping. Please
do inquire about their return policy, and preferably have your transaction and
invoice documented on the Company’s Letterhead.
is advisable to use Escrow.com, Letter of Credit, Bank Wire Transfer or PayPal for
payment as opposed to Western Union. If a seller insists that you pay them
using Western Union then you should exercise caution. (NOTE: Please ensure that
the beneficiary name, for a Bank Wire Transfer, matches the 'Company Name' and
is NOT a personal account.)
If throughout the transaction the supplier seems too focused on your payment
details rather than the product, exercise caution.
Consult With Commercial
addition to TradeKey.com, try and contact the commercial services usually
located in the Consulate or Embassy of the country that you want to import
from. Their job is to help verify sellers from their country. For example, if
you want to import from China, you should contact the commercial services of
China and so forth. Trade associations, Chamber of Commerce located in the
importers' country are also good sourcing resources.