Episode 6- Due Diligence Before You Pay – Vetting New International Suppliers or Clients

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:

  1. Background Check: Verify the legitimacy of the business and its team.

  2. Request Documentation: Ask for licenses, tax IDs, and client references.

  3. 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.