Buying Online in Other Countries Can Save You a Lot of Money
Why do so many people feel scared to purchase something online from a different country?
To be honest, before I decided to place an order in other countries, I was also terrified of various things that could go wrong.
Let’s discuss them in a systematic manner:
1. Do I have to deal in dealing with Customs or Tax Authorities?
Import-VAT and first customs duties only apply to goods delivered outside of a country or a free trading zone (like European Union or NAFTA)
Custom duties
In many countries, custom duty must be paid before the item is delivered to a country. The rules are always set for a certain amount which you can ship custom duty-free. Find it in the country of your choice. If the amount is greater than that minimum amount, you must notify Customs and a regular cost has to be paid. The fee varies based on the type of product. The official website of your customs will provide you with all the relevant information. Keep in consideration that the amount is based on the value that is currently in effect in the country you reside in and not on the amount that you have paid the seller. However, in reality, often the price you paid will be used in calculating custom duty and VAT for imports.
Import-VAT
Even if the sum exceeds the minimum amount of people don’t notify customs and run the risk of having to pay penalties. The idea of giving it away is usually used to accomplish this reason.
Import-VAT must always be paid, and the freight forwarder in the majority of the time handles the payment. There is no action you need to take.
Free trade zones
Inside NAFTA or the European Union or NAFTA, there is a free trade agreement (of the majority of goods) and you do not have to be concerned about Customs or VAT.
2. How can I determine whether the seller is trustworthy? What happens when the product is delivered and what’s the assurance?
My advice would be To first find an established and trusted company such as Amazon or… If you can’t locate one and are not certain about the source, be sure to purchase products only that are of small worth. For me, I purchased several items directly from China and it turned out to be a reliable supplier. I’m even ordering now items from China with higher value without any issues. In terms of the guarantee, Don’t worry, I’ve never experienced any problems in sending back items and I always received the money back or a brand new item was sent to me. Just the shipping charge could be a topic for discussion, in most cases, you will have to be prepared to pay to cover it.
3. What type of payment methods should you utilize?
I personally do not ever employ the money transfer method.
I avoid the use of credit cards, but If the site seems to be very trustworthy, I will also utilize my credit card. The method I prefer to use is direct payments through my Bank account as well as PayPal.
4. What country is most affordable for a specific product?
Before you start looking for a supplier you must first get more details on pricing differences between different countries. The poorer countries don’t necessarily offer lower prices for brands products.
Important to find out when there has been an improvement in the values of a particular currency. This is usually a sign that price levels could be lower. We are all familiar with the exchange rate that is low for the dollar to the Euro in particular. European consumers, it’s becoming more and more fascinating to study the prices in Britain. The UK. It is worth noting that the value of British pounds has drastically decreased from the end of 2008.
