Foreign trade payments, two major risks to avoid at all costs!

A: Xiao Li, I heard you just landed a new overseas client. The negotiation went well?

B: That's right, Brother Wang! We're about to collect payment. The client said they'll do a direct TT transfer. Once the payment is made, everything's settled, right?

A: Wait! Payment collection is where real international trade begins. Fund safety is the lifeline—there are two major pitfalls you must avoid!

Risk 1: The "disappearance" and "chargeback" of TT payments

A: TT remittance is fast, but the highest-risk scenario is "payment after delivery"—goods arrive before payment.

B: The client doesn't pay after receiving the goods?

A: Correct! There's also the more insidious "phishing email" scam. Hackers impersonate clients and change the payment account in the contract. You ship the goods, but the money goes into the scammer's pocket!

B: What? How to prevent this?

A: Key technique: For new clients, insist on "payment before delivery"—say 30% upfront. The balance is paid before shipment or upon seeing the bill of lading copy. Any account changes must be double-confirmed by phone or video call!

Risk 2: Payment platform "freezes" and "chargebacks"

B: Are platforms like PayPal safer for small payments?

A: Convenient, but risky. Accounts may get frozen, immobilizing funds. Worse, buyers might maliciously claim product mismatch—the platform could refund them directly!

B: That's too passive!

A: With third-party platforms, rules are everything! Preserve chat records and shipping proofs. Avoid them for large transactions.

A: Remember, choosing payment methods is essentially choosing who bears the risk.

B: Understood—no shortcuts! Investigate first, collect payment safely!