Row 629

Row ID: 629 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 629 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Ahh, this is always an issue when first doing business between 2 businesses in 2 different countries - I understand your concern. From the buyers perspective, they don't know if they are going to get what is promised - at the quality & time (within reason) it was promised - which adds tension to first transactions. my first 5-6 orders from Asia were much more than I could afford to lose and it was a LONG 45 days as payment was sent, processed and received then I waited for what seemed forever as customs held up for 10-14 days and I was never notified it was being held up EACH TIME. So I was constantly VERY stressed everytime I ordered - but I had no business history to prove prior payments to suppliers.

One option is looking into an Escrow service. The buyer pays the $ owed to this company - they hold it until the goods are delivered and accepted - upon which they are released the same or next day. Maybe the cost could be split 50/50 (or whatever) between your 2 parties. I would suggest a bank in the US if they offer escrow as they seem to give decent legal protections to people outside the country & if the buyer is in US - they will likely trust them.

Good luck!

FieldValue
text Ahh, this is always an issue when first doing business between 2 businesses in 2 different countries - I understand your concern. From the buyers perspective, they don't know if they are going to get what is promised - at the quality & time (within reason) it was promised - which adds tension to first transactions. my first 5-6 orders from Asia were much more than I could afford to lose and it was a LONG 45 days as payment was sent, processed and received then I waited for what seemed forever…
label r/internationaltrade
dataType comment
communityName r/Internationaltrade
datetime 2021-06-04
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Raw Record

{
  "text": "Ahh, this is always an issue when first doing business between 2 businesses in 2 different  countries - I understand your concern.  From the buyers perspective, they don't know if they are going to get what is promised - at the quality & time (within reason) it was promised - which adds tension to first transactions.  my first 5-6 orders from Asia were much more than I could afford to lose and it was a LONG 45 days as payment was sent, processed and received then I waited for what seemed forever as customs held up for 10-14 days and I was never notified it was being held up EACH TIME.  So I was constantly VERY stressed everytime I ordered - but I had no business history to prove prior payments to suppliers.  \n\nOne option is looking into an Escrow service. The buyer pays the $ owed to this company - they hold it until the goods are delivered and accepted - upon which they are released the same or next day.  Maybe the cost could be split 50/50 (or whatever) between your 2 parties.  I would suggest a bank in the US if they offer escrow as they seem to give decent legal protections to people outside the country & if the buyer is in US - they will likely trust them.  \n\nGood luck!",
  "label": "r/internationaltrade",
  "dataType": "comment",
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  "datetime": "2021-06-04",
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