Forums: Discussions for entrepreneurs and small business.

My startup sells products that run about $2,000 each.  So far, all sales have been by credit card.

We just sent out a quote to a potential customer for over $40,000.  He seems legit and the sale is the type of thing that we had in mind when creating the company, but I want to be cautious.

Any advice on how to safely make such transactions?  $40K is way over my credit card merchant limit.  Should I accept bank checks, require an electronic transfer, talk to my CC processor about an exception?

Many thanks,

Ted

for large payments only wire transfers are peferred.

if you care about tazes its worth to have an offshore company on panama/BVI etc.

Have you looked into escrow.com?