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How to Prevent the Risk of Shopping Online
 

Key words: China, online shopping, investigation before shopping, reputation, due diligence

Today, more and more people or companies buy products from companies in China over the internet. Unfortunately, scammers take advantage of the occasion to rip off unsuspecting shoppers. They can pretend to be selling a product, but when you pay all the money for the products, they don’t deliver the products to you. Sometimes, they maybe set another trap for you by making up some lies. Thus, you may fall into the trap another time in order to get the products you bought. The following are some signs that the seller may be a scammer.

1. The seller insists on immediate and full payment, or payment by electronic funds transfer or a wire service.
2. The online shopping website does not provide adequate information about privacy, terms and conditions of use, dispute resolution or contact details.
3. The manufacturer or seller you found over the internet does not disclose its own detailed company address, contact telephone number (not cell phone), and so on.

So how should you protect yourself from online shopping scams?

First, you should have the common sense: the seller may be a scammer. Second, be suspicious of online shopping websites that do not give their full contact details (physical or street address as well as fixed-line phone and fax numbers). Third, find out exactly who you are dealing with and investigate the due diligence and reputation of the seller before shopping online.

Due diligence is a program of critical analysis that companies undertake prior to making business decisions in such areas as corporate mergers/acquisitions or major product purchases/sales. The due diligence process, whether outsourced or executed in-house, is in essence an attempt to provide business owners and managers with reliable and complete background information on proposed business deals so that they can make informed decisions about whether to go forward with the business action.


So, an efficient due diligence process can save companies from making costly mistakes that may have profound consequences for the firm's other operational areas and/or its corporate reputation。



 

 

 

 

 

 

 

 

For more:

Shopping Online

How to avoid the risk of shopping online?

Online Trade in China

Online Frauds Prevention in China

Farewell to Online Shopping Fraud

How to Prevent the Risk of Shopping Online

Brief Talk on Investigation in China

China Cracks Down on Illegal Online Trading of Contraband

7 Must Know Tips If You Are Going to Do an Email Address Search

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3 Easy Steps to Help You Build Good Business Credit

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Protecting Your Intellectual Property in China

The First Case on Foreign Shareholder Representative Litigation in China
Background Checks for Small Business
Reliable Chinese Suppliers
Due Diligence for Foreign Joint Ventures in China
Criminal Background Checks
Employee Background Check
Intellectual property--The Best Protection is Prevention
China Joint Ventures: Legal Due Diligence
The Importance of Comprehensive Business Information Services
The What and How of Background Checking
Resident Identity Card
Intellectual Property Protection in China

China weighs credit database options (Ⅰ) -- Analyzing credit reporting system models

China weighs credit database options (Ⅱ) -- Analyzing credit reporting system models

Growing of China Credit Database  

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