How do I get a refund from a Chinese company?

How to Get A Refund From Suppliers in China?

1. Confirm whether you are responsible for the quality discrepancy.
2. Collect evidence to prove that the problem of goods is on the supplier’s side.
3. Hire a professional law firm to sue your supplier and get your money back through legal means.

How does money back guarantee work?

A money-back guarantee, also known as a satisfaction guarantee, is essentially a simple guarantee that, if a buyer is not satisfied with a product or service, a refund will be made. He took advantage of his guarantee offer to send his products to rich clientele across Europe unsolicited.

Why are Chinese products so bad?

Chinese-made goods mostly suck because many Chinese business people have lousy business values. When a Chinese manufacturer takes a contract, they often feel little or no actual obligation to manufacture according to spec, if cutting corners will make more money for them or their guanxi network of family and friends.

What does it mean to have a refund guarantee?

Upon the Buyer’s receipt of this payment, the Buyer shall return the Buyer’s Allowance Refund Guarantee to the Builder. The Replacement and Refund Guarantee shall not apply to any indirect Introductions. Refund Guarantee means the refund guarantee dated [Ÿ] issued by the Refund Guarantor relating to the Vessel.

Is it illegal to provide a guarantee in China?

Pursuant to Chinese law, it is illegal for a Chinese legal entity to provide a guarantee to a foreign legal entity unless permission has been obtained from the State Administration for Foreign Exchange (SAFE). Accordingly, unless such a guarantee is SAFE registered, it cannot be enforced in China.

Is it possible to get a refund on an order from China?

An order can either be refunded in full, or in part. The former is very rare, and certainly requires the supplier to have a very strong incentive to accept such a loss. The refund option also requires the supplier to have enough money, or other assets that can be quickly sold off.

Why are refund guarantees important in shipbuilding contracts?

Refund guarantees are commonly provided in new build vessel transactions. Given that the purchaser will normally be paying for a substantial part of the vessel in advance of delivery actually taking place, the refund guarantee provides a form of security in respect of those instalments.