I suggest the following simple policy to be enforced by Lud for vendors, especially overseas vendors and/or those does not have a history with the NSXPRIME.
Rather than requiring the full amount for the cost of the product up front, the vendor should only take 10, 20, 25% max from the customer, and then do COD for the product.
This way, the motivations deminishes for the vendor to book it and screw us, increases motivation to complete the product fast so they get the rest of their money, and if the person refuses to pay for the product, the vendor keeps the deposit.
As an additional step, the vendor must specify when the product will be ready, and it should be within x days (such as 30 - 90 days) and if the delays is greater than x% (such as 10%) the vendor should refund the deposit.
The only way to fully enforce this is for Lud to enforce it and additionally an escrow account.... but this is a start.
This is a fair policy to both parties. Everyone wins. The vendor that says "Well, I don't have the money to pay the cost to produce the product and I need complete payment first.. should not be in business imho as the risk is too high for the consumer and the motivation too low not to screw the consumer" When customer are sending thousands and thousands of dollars with no recourse, I think that is ridicoulous. In many places in the world, you'll get your hand cut off just for stealing an apple while some of these guys are laughing all the way to the bank.
For my personal policy, if I deal with anyone overseas.... this is what I will demand, no exception.
Rather than requiring the full amount for the cost of the product up front, the vendor should only take 10, 20, 25% max from the customer, and then do COD for the product.
This way, the motivations deminishes for the vendor to book it and screw us, increases motivation to complete the product fast so they get the rest of their money, and if the person refuses to pay for the product, the vendor keeps the deposit.
As an additional step, the vendor must specify when the product will be ready, and it should be within x days (such as 30 - 90 days) and if the delays is greater than x% (such as 10%) the vendor should refund the deposit.
The only way to fully enforce this is for Lud to enforce it and additionally an escrow account.... but this is a start.
This is a fair policy to both parties. Everyone wins. The vendor that says "Well, I don't have the money to pay the cost to produce the product and I need complete payment first.. should not be in business imho as the risk is too high for the consumer and the motivation too low not to screw the consumer" When customer are sending thousands and thousands of dollars with no recourse, I think that is ridicoulous. In many places in the world, you'll get your hand cut off just for stealing an apple while some of these guys are laughing all the way to the bank.
For my personal policy, if I deal with anyone overseas.... this is what I will demand, no exception.