The Wholesale Forums

[ebayguruboy]

Hey all!
Ok, so I'm close to closing on my first wholesale deal! Way exited, almost got scamed twice, so i've learned from my mistakes! I'm here to ask if there is anything I should no about payment to these people. What is T/T and how do I go about doing that. Also, is it secure, or will I lose my money if things fall out the bottom? Are there any other tried and true ways to send money secure besides Escrow and Paypal, as most do not accept tthese because of forieng contries? While I'm on the topic, is it true that PayPal is not avalible in all contries? Thanks guys your always helpfull... I have no prob. adding to rep!

[Saajan]

Hi,
To my knowledge T/T means Bank Wire Transfer, and PayPal is not avalible in all countries.
T/T is the fastest way to pay but not the most secure way, its hard to get your money back as the money could have already gone to the sellers bank account.
Hope this helps.

[CFL]

I would suggest you stay clear of T/T unless you know the other person involved. Pretty much the same as wire transfer which has been banned by Ebay.

[Mainkey]

Just look around forum there are a lot of threads with safe payment methods. T/T is not safe for first time deal, so be careful.

[BillyA]

If you use TT on a first time deal, be prepared to lose that money if it does not work out.

Also, has this supplier given you a sample order?

In general, good suppliers have no problem using escrow or allowing you to build trust with them.

Stick to suppliers that accept credit cards, escrow, paypal or fly n buy. At least until you are comfortable with them.

[taabish]

It depends what your after really.

There are a lot of legit people in the far east that most likely will only accept T/T, but i wouldnt risk that if you were after the usual things like iPods, PSP's etc.

[ebayguruboy]

You all are more then helpfeul, thank you!