Investment
Tips for Identifying Trusted Online Gold Traders
08 Oct 2020
Tips for Identifying Trusted Online Gold Traders
08 Oct 2020

1. Do your research.

Look for online gold traders who are well-known and guarantee the products they sell. Make sure the trader meets the following characteristics:

• Products are sold at a fair price. Before buying, first review the price of gold sold in the market, then calculate it with the currency accepted by the trader - keep in mind that gold coins have a markup (the difference between the price of goods and their selling price) that is higher than gold bars.

• Merchants offer flexible payment methods. Gold merchants usually accept payments via credit card, debit card, check, and telegram or bank transfer. Use a check or credit card for small payments, whereas large payments are usually made by bank transfer. Do not use a money transfer service such as Western Union because if you have trouble processing the transaction, you will not be able to get your money back.

• Make sure the merchant offers a convincing shipping policy. If you buy gold that is worth tens or even tens of millions of rupiah, you must know that the delivery is insured and safe. In addition, make sure you also get a receipt number to track the progress of the shipment.

• Check the merchant's reputation. Investigate reviews and recommendations from multiple sources. Trusted merchants usually include their customer reviews on their websites. You can also look at the merchant's reputation at the Better Business Bureau.


2. Stay Alert

Not all traders are honest and open in every transaction made. Be wary of traders who:

• Only have a generic email address (Yahoo, Hotmail, Gmail, etc.) for their contact information.

• Do not have a secure system for accepting credit card payments. Signs of an insecure system are the absence of a lock on the web browser when visiting the payment page and also changing the "http" in the URL to "HTTPS".

• Does not include shipping specifications.


3. Avoid unsatisfactory service.

Before buying, contact customer service first by phone or email. Ask about the specific product you want to buy, warranties, available payment methods, and return policies. You can see the credibility of the seller from how they respond to your questions.



This article is supported by: wikihow.com