When is the right time to make a TT (Electronic Transfer) payment on my shipment?

Global SourcesUpdated on 2024/05/21

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Full Question Is it safe to pay TT (Electronic Transfer) after a copy of the bill of lading has been provided?

Answer When buyers ask “is it safe”, they usually have two concerns in mind.

Will the products they ordered arrive with the right quality? Will the factory ship the goods or will they disappear with the money?

Sending money once the bill of lading has been shown does very little to protect you. It simply shows that something has shipped. But the supplier could be sending you a load of junk. So in my opinion, a buyer is crazy to pay the supplier without doing an independent inspection of the shipment BEFORE the shipment is made and BEFORE final payment takes place.

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Video1: Finding suppliers Video2: Evaluating suppliers Video4: Project management and quality control Video8: Be careful of this scam if you think you are buying famous brands direct from China Video10: Resolving a dispute: Demand letters and legal options with Chinese suppliers

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When is the right time to make a TT (Electronic Transfer) payment on my shipment?

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