So with ever increasing evidence, both actual and anecdotal, that dealing with the wider marine industry that isn't in your neighbourhood, is fraught with real risk, what is the solution?So with the advent of internet, shopping globally and not locally, and the fact that these purchasing behaviours are going to flourish rather than diminish, is it not time to establish small scale escrow facilities that allow demonstration by purchasers that they do have the financial capacity to fully pay the amount being sought, but only releases payment when goods are received.
This occurs for the big end of town in million dollar deal capacity. But seemingly not for smaller but still serious purchasing commitments.
But last year when I was seeking to buy a boat from thousands of miles away the amount was similar to the values being talked about here, yet I was incredibly aware of how foolish handing over $20k+ in a deal where sold unseen was one thing, but establishing that the vendor was who he claimed he was and actually had legal tenure of the item was equally a hazy topic.
My Bank was clueless in being able to help.
But I cannot have been the first to have encountered these situations. I missed out on what was a very unusual and desirable opportunity for me.
But I couldn't have worn the potential loss. I still can't reconcile how this could have been done better. (It was during lockdowns).
The parallels to this sail situation are uncanny.
So who has what for resolving these issues. Escrow as a concept seems appropriate, but it has to be both Fair and trusted without getting so caught up in the Legal establishment that the Lawyer & Bank fees are unreasonable.
Internet commerce is all geared towards talking you globally not locally. Between VPN's and Geomasking, you are doing well not to find yourself in Sham Ally of Alibaba.com.
I asked a serious question, is there escrow type method of proving you are a genuine potential customer, yet having your balance of money held until in receipt of goods?
Does such a service exist?
Elsewhere I have seen the forum asking about Money Transfers, and have used Wise successfully. But even having done due diligence, you are contracting one business, for instance UK based and regulated to transfer to their sister Organisation in whatever country - with separate rules and regulations. Both of these Wise companies actually are subsidiaries of their Channel Island organisation. It was never transparent wherethe risk or liability lay at any given point, and more importantly which legal jurisdiction would preside, should god forbid your money goes missing. It didn't, but that is cold comfort.
So spare me the "do your due diligence" speech, related to the "Doh" comments levelled at the Wynne's above. There are and always will be snake oil salesmen around but We can share knowledge and experience here. That is the remaining power of this place.
Has anyone got payment solutions that would negate the problems we are witnessing here?