I need the seller to know that funds will be available and released as soon as i have signed for the goods, keeping both myself and the seller in a controlled position.
2007-08-02 08:21:59 · 3 answers · asked by karl b 2 in Business & Finance ➔ Small Business
If you're talking about goods of significant value go to your bank and arrange a "Letter of Credit". The funds will be released only upon confirmation by a 'Third Party' that the goods are received in acceptable condition. It's done all the time in the commercial world. If you don't have a commercial credit line your bank may ask you to deposit the amount of purchase because they are bound to pay upon receipt of appropriate documents.
2007-08-03 01:48:43 · answer #1 · answered by Caretaker 7 · 0⤊ 0⤋
I don't think its possible....unless the buyer has relinquished control of the funds and unless the seller has control of the funds then the transaction hasn't taken place. I am not a banking expert but as far as I can tell there isn't a way around this. Can you not arrange to pay 50% in advance and 50% on receipt, that way the risk is shared. Have you seen samples? are you buying in bulk? Did you get the company by reference or the web?...Why singapore? can you try from China?
2007-08-02 20:50:37 · answer #2 · answered by naiveidealist 2 · 0⤊ 0⤋
Whatever you do, remember Customs & Excise will take a chunk when it arrives.
2007-08-02 08:25:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋