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Credit Report
What are the most common kind of frauds that happens while dealing with new business partners?
In most of the fraud cases, sellers receive money from the buyers but than they refuse to send ordered products to the buyers. So you need to be very careful and vigilant at all times and make sure to check complete details of your partners before engaging in business.
Following are some of the frequently reported Products and Payment methods with fraud cases)
*Payment Method: Usually fraud sellers insist on using instant cash transfer methods such as Western Union, MoneyGram or T/T (cash) payment method.
*Most Common Fraud Products: IPOD Nano, Xboxes, Shoes (Fake Nike, Jordan etc), Mobile Phone, Laptop Computer, T-shirts (Polo/Ralph Lauren etc), Digital Camera, Plasma TV...
How often should I change my password?
We recommend you to change your password at least once every three months. Make sure that you create a good password that cannot be easily guessed by hackers. As a good practice, we recommend you to use alphanumeric, uppercase, and/or special characters in your password and avoid using your name, company name, telephone or fax number that can be easily guessed by other people.
How can I protect myself from frauds?
Following are few of the things that can help you minimize risk involved in establishing business tie-up with new and unknown business entities
-Stay in frequent contact with business partners
Call the company's phone number and check whether the person with whom you are in touch actually works for that company. Also check company's address and other important details. Be suspicious of any trader who uses only e-mail address and cell phone number and is reluctant to reveal landline telephone number.
Maintain frequent contact with potential partners and ask them to provide you complete details about price, quality, payment method, contracts, etc. Genuine traders will always respond positively and promptly. Most successful Internet traders maintain close contact with business partners and reply promptly to inquiries.
-Check Contact Information
*E-mail Address: Do not rely only on e-mail address to confirm existence and authenticity of the company. You should also contact them on phone and check for company's address and other important details.
contact a business partner. Even if company has its own domain name, email id can not confirm its you may not be able to trace its owner.
*Fax Number: Be careful about companies that use same number for telephone and fax. They are likely to be small companies. Also, it is best to avoid companies that list only a fax number in their contact information.
*Website address: An impressive website does not guarantee worthiness or honesty of a company. Don't be lulled into a false sense of security.
I am buyer and am quite new to online transaction and e-business. Is there anything that I need to be careful before making payment?
Whatever might be the business method, sending money always involve lot of risk. Be careful about following:
First, fraud companies prefer Western Union or wire transfer. If your partner asks you for paying through Western Union or wire transfer excessively, it would be better to check their credit report that will help you with decision making and risk analysis.
Secondly, before making any payment, please make it sure to clear all the terms and conditions of the contract, specifications, clauses, and especially payment terms. And as a safeguard always try to agree on making part payments
For example, 20% payment before shipping, 50% payment on presentation of shipping documents, and 30% after receiving the products. So, we advise you to always make some part payment, only after receiving goods.
How safe is it to deal with FUAR365 premium members?
Although premium members contact information and legal existence gets verified by a third-party credit-checking agency but still we cannot guarantee 100% safe transaction with any of the premium members.
Even premium members can also do fraud and therefore please ensure to check credentials of your potential partners before engaging in business deals. So, you need to be very careful and vigilant at all times before finalizing new business deals.
What should I do, if I realize I have been defrauded by somebody?
Please send the following information to us. We will immediately send a letter of explanation and warning to the fraud company. If they do not settle the problem and are found to be guilty, we will remove their company details and listing from the EC21 website. Further, we also recommend you to contact your local commercial arbitration office or other legal/regulatory authorities that can help you.
Who are the main suspects of frauds?
Be Wary of Over-generous Offers
Be wary of potential partners who offer a particularly high or low price in the first instance. It is easy to be tempted by such offers, but quite often, they are attempts to defraud. This practice of offering low priced products is most commonly used in case of mobile phone and computer-related business.
Payment
Some fraud suppliers always request for pre-payment amount to be paid by buyers. Buyers should be careful while dealing with such suppliers and in most of the cases, a request for instant cash transfer methods such as Western Union, MoneyGram or T/T involves attempted fraud.
Trustworthiness
What are the most common kind of frauds that happens while dealing with new business partners?
In most of the fraud cases, sellers receive money from the buyers but than they refuse to send ordered products to the buyers. So you need to be very careful and vigilant at all times and make sure to check complete details of your partners before engaging in business.
Following are some of the frequently reported Products and Payment methods with fraud cases)
*Payment Method: Usually fraud sellers insist on using instant cash transfer methods such as Western Union, MoneyGram or T/T (cash) payment method.
*Most Common Fraud Products: IPOD Nano, Xboxes, Shoes (Fake Nike, Jordan etc), Mobile Phone, Laptop Computer, T-shirts (Polo/Ralph Lauren etc), Digital Camera, Plasma TV...
How often should I change my password?
We recommend you to change your password at least once every three months. Make sure that you create a good password that cannot be easily guessed by hackers. As a good practice, we recommend you to use alphanumeric, uppercase, and/or special characters in your password and avoid using your name, company name, telephone or fax number that can be easily guessed by other people.
How can I protect myself from frauds?
Following are few of the things that can help you minimize risk involved in establishing business tie-up with new and unknown business entities
-Stay in frequent contact with business partners
Call the company's phone number and check whether the person with whom you are in touch actually works for that company. Also check company's address and other important details. Be suspicious of any trader who uses only e-mail address and cell phone number and is reluctant to reveal landline telephone number.
Maintain frequent contact with potential partners and ask them to provide you complete details about price, quality, payment method, contracts, etc. Genuine traders will always respond positively and promptly. Most successful Internet traders maintain close contact with business partners and reply promptly to inquiries.
-Check Contact Information
*E-mail Address: Do not rely only on e-mail address to confirm existence and authenticity of the company. You should also contact them on phone and check for company's address and other important details.
contact a business partner. Even if company has its own domain name, email id can not confirm its you may not be able to trace its owner.
*Fax Number: Be careful about companies that use same number for telephone and fax. They are likely to be small companies. Also, it is best to avoid companies that list only a fax number in their contact information.
*Website address: An impressive website does not guarantee worthiness or honesty of a company. Don't be lulled into a false sense of security.
I am buyer and am quite new to online transaction and e-business. Is there anything that I need to be careful before making payment?
Whatever might be the business method, sending money always involve lot of risk. Be careful about following:
First, fraud companies prefer Western Union or wire transfer. If your partner asks you for paying through Western Union or wire transfer excessively, it would be better to check their credit report that will help you with decision making and risk analysis.
Secondly, before making any payment, please make it sure to clear all the terms and conditions of the contract, specifications, clauses, and especially payment terms. And as a safeguard always try to agree on making part payments
For example, 20% payment before shipping, 50% payment on presentation of shipping documents, and 30% after receiving the products. So, we advise you to always make some part payment, only after receiving goods.
How safe is it to deal with FUAR365 premium members?
Although premium members contact information and legal existence gets verified by a third-party credit-checking agency but still we cannot guarantee 100% safe transaction with any of the premium members.
Even premium members can also do fraud and therefore please ensure to check credentials of your potential partners before engaging in business deals. So, you need to be very careful and vigilant at all times before finalizing new business deals.
What should I do, if I realize I have been defrauded by somebody?
Please send the following information to us. We will immediately send a letter of explanation and warning to the fraud company. If they do not settle the problem and are found to be guilty, we will remove their company details and listing from the EC21 website. Further, we also recommend you to contact your local commercial arbitration office or other legal/regulatory authorities that can help you.
Who are the main suspects of frauds?
Be Wary of Over-generous Offers
Be wary of potential partners who offer a particularly high or low price in the first instance. It is easy to be tempted by such offers, but quite often, they are attempts to defraud. This practice of offering low priced products is most commonly used in case of mobile phone and computer-related business.
Payment
Some fraud suppliers always request for pre-payment amount to be paid by buyers. Buyers should be careful while dealing with such suppliers and in most of the cases, a request for instant cash transfer methods such as Western Union, MoneyGram or T/T involves attempted fraud.
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