Buying Internationaly

In today's world you will lose profit if you choose not to buy internationally as the manufacturing cost are low. And you will lose out to your competitor. However, it can be risky buying wholesale overseas. So how do you protect yourself? Never, send cash or wire monies to anyone overseas unless you are 100% confident you will receive your product. First, start off making only small purchases. This way you can determine if the product is good and if they are not a ghost company. Second, use only a method of payment that protects you from fraud. For example a letter of credit is a good tool to use. Furthermore, a credit card such as American Express that offers fraud protection and a full refund if you monies are fraudulently processed is good to use.