Protect Deposits and Reduce Financial Risk
One of the biggest fears in overseas sourcing is sending money to the wrong supplier. Good payment structure dramatically lowers risk.
Safer Payment Practices
- Pay company bank account, not personal accounts
- Use staged payments (deposit + balance)
- Pay final balance after inspection when possible
- Use contracts with agreed specifications
- Keep written records of all changes
Common Dangerous Situations
- Supplier asks to switch bank account suddenly
- Urgent demand for full payment today
- No invoice issued
- Only accepts crypto or personal transfer
- Refuses production updates after deposit
Recommended Structure
30% deposit + 70% after inspection / before shipment is common for many industries.
Payment Safety Quiz
Supplier changes bank account one day before payment:
Never let urgency replace due diligence.