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Whether you find your trading partner on the Internet, disputes or fraud may happen even between legitimate companies. To minimize this risk, we therefore offer escrow payment service and recommend our buyers and sellers to use Escrow service when exchange takes place.
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Escrow service establishes a secure online trading environment. HKin.com protects Buyer and Seller by acting as a trusted third-party during the transaction and managing the payment process from beginning to end. Simply stated, Buyer receives and inspects goods before Seller is paid. On the other hand, Seller verifies payment is secured before shipment.
Sometimes a supplier may ask you for a deposit (usually 10-30%) before accepting the order. Although this is not unusual, fraud can occur even at small amounts. Make sure you have done sufficient background checks prior to placing the deposit. You can also ask for a different form of payment, such as a letter of credit or use Escrow services.
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