For international trade practitioners, the most headache - inducing problem is how to identify trade fraud and receive payment safely. Generally, the following methods can be adopted:
1. Conduct a credit investigation on the other party. However, a large number of trading companies are small studios. It is almost impossible to conduct a credit investigation. Even if it can be proved that the other company actually exists, there is no guarantee of transaction security.
2. Use letters of credit. Nevertheless, issuing a letter of credit has a long cycle, is troublesome, and incurs many costs. Currently, the pace of international trade is getting faster and faster, and letters of credit are often not applicable.
Using Pip Market for guaranteed transactions can ensure transaction security, and it is simple and convenient. Pip Market is a guaranteed transaction platform operated by Beijing Wuwei Technology Co., Ltd. and Wuwi Inc. in the United States. Similar to Taobao, it can accept fund payments and withdrawals globally. Beijing Wuwei Company also has 2 national high - tech enterprises in the Chinese mainland and has a good industry reputation and credit.
How to use Pip Market for transactions? The specific steps are as follows:
1. Sellers and buyers register on Pip Market. There is no need to download an app. They can directly open the webpage on their mobile phones or computers. Registration can be completed in one minute.
2. Sellers post a product for buyers to purchase.
3. Buyers go to the recharge page and choose a way to recharge. They can choose methods such as wire transfer, Zelle, Venmo, PayPal, credit card, and debit card to recharge. Then, they use the recharge amount to buy the seller's product.
4. Sellers deliver the product or service. After the buyer confirms receipt, they click to confirm the receipt and withdraw funds (mainstream currencies such as US dollars and RMB can be withdrawn). If a dispute arises, just complain to the platform. The payment of both parties is very safe.
The whole process of registration and purchase can be completed in a few minutes. Moreover, the handling fee is only 3% of the transaction amount. It is very convenient and safe!
