In this episode of the Intercontinental Money Podcast, we dive into the essential steps businesses must take before sending money to new international partners. From fraud prevention to trust-building, we outline why due diligence is critical in today’s global marketplace — especially for small and medium businesses engaged in cross-border trade.
Key Takeaways:
Why it matters: Over 30% of SMEs face fraud or misrepresentation in cross-border deals — most of which are avoidable with proper checks.
3 Practical Vetting Steps:
Background Check: Verify the legitimacy of the business and its team.
Request Documentation: Ask for licenses, tax IDs, and client references.
Professionalism Check: Watch for red flags in communication and behavior.
Legal & Payment Safety:
Always use written contracts and avoid personal accounts.
Oneremit provides secure, transparent, and traceable international payment solutions.
Never pay first and ask questions later. Ask first, pay smart.
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