How do you qualify the supplier?
We perform a background check on the company and the respective individuals who have set up an account. We would typically speak with a representative directly as well.
Additionally, there are 3 main checks that would alert us to any potential issues:
- Liability Insurance of the Seller and Buyer
- Original manufacturer documents and/or a letter of guarantee is required to post a raw material. Additional documents including a Chain of Custody may also be required.
- The full transaction is not completed until the buyer has signed off on and accepted the material within the time frame outline on the Terms and Conditions. Only then will the funds be released from escrow.