HANGZHOU, China, April 24, 2012 /PRNewswire-Asia/ -- The economic connection between different districts is becoming closer and closer today, which drives the development of international trade. Despite so many advantages brought by international trade, people still have concerns, such as the honesty between two parties. As we know, "honesty and faith" is the basis of successful trade. In the process of trade, two parties are not familiar with each other, so the risk in international trade is higher than in other trades. Furthermore, many uncertainties exist in the long process. Just imagine what the solution is if a buyer disappears during a trade, or what the buyer should do if the supplier disagrees to refund the money?
Trading with unknown companies is not a wise choice, which will make you lose many opportunities; therefore, a third party payment system is the service you need most. However, third party payment systems are complex and countless. TT, Western Union and Paypal are the most widely used. These three payment systems have their advantages and limitations.
TT means sending money to the bank account directly. It is only suitable for the collection of large sums, and the buyer pays the money upfront, first. For the issue of credit, TT also has high requirements. Western Union is a traditional transaction mode, which demands buyers pay first. It maintains restrictions on the transfer quantity. If the transfer quantity is large, Western Union's commission charge can be very high. Lastly, Paypal is the trade between different accounts, which benefits the supplier best. The user, however, pays a high commission charge, and Paypal accounts can be easily frozen, which will bring loss to the company.
With high reliability and solid strength, SeekIC (Subcompany of Hangzhou Weiku Information & Technology Co., Ltd.) offers traders another choice for making third party payments -- SeekIC Escrow Service. Escrow Service also protects the buyer, and it will not be partial to any side. The purchaser gives payment to SeekIC in advance after confirming the agreement; SeekIC will not inform the seller to ship the goods without receiving payment; SeekIC will pay the seller only when the inspection of components has no problem. Moreover, SeekIC offers Free Escrow Service, which helps you save on costs.
SeekIC is the leading global online marketplace for electronic components. Originally, the Escrow Service was developed for buyers who choose our senior or diamond members as a supplier, but it has extended its service area now. Everyone can enjoy the Escrow Service as long as they have a trade contact. SeekIC intends to give experiences to more users and create a safer trading environment. "The whole B2B industry should unite together to build a faithful trading environment and get rid of the cheaters from the B2B websites," said Shiny Lee, the sales manager of SeekIC.
SeekIC already has had many successful Escrow Cases, find details here: http://www.seekic.com/escrow/
SeekIC.com, Subcompany of Hangzhou Weiku Information & Technology Company, is an online marketplace for purchasers to seek integrated circuits and other electronic components. SeekIC is dedicated to creating a safe and open transaction environment for both buyers and suppliers. Through over five years of development, SeekIC has increased to ten thousand members from 240 countries and covered 40 million in-stock electronic component inventories. In addition, SeekIC has accumulated over 20 million datasheets and 10 thousand circuit diagrams. There are over 10,000 new part numbers uploaded every day. SeekIC is aiming to help the global buyers and suppliers in the electronic industry find international business opportunities.
You can get more information about SeekIC on http://www.seekic.com.
SOURCE Hangzhou WeiKu Information Technology Co., Ltd.