We would like to share a report by a startup entrepreneur who was determined to get a deposit back from a subsidiary of one of the world's largest companies. Many people would assume that working with a subsidiary of one of the world's largest companies is risk free. However, it turned out to be an ordeal that you would never want to endure.

Our entrepreneur negotiated to pay 60% of the contract value to speed up the shipment , as customers were waiting. Unfortunately, the contract was later mutually agreed to be cancelled due to the uncertainty in duty rate. In the following 5 months, our entrepreneur had to send numerous emails and faxes and make phone calls, but only received requests for extension with various excuses and empty promises without a specific date for the return of the deposit. Not only did our entrepreneur have to use various credit cards to finance business cash flow, she also had to do research in order to seek all the help she could get by contacting company head office and government agencies. Anonymous emails (signature was Far Kindman) were sent to our entrepreneur suggesting that the result of a possible lawsuit may be unpredictable. After 3 months, less than half of the deposit was returned with no specific date for the return of the rest of the deposit. A well-known collection company increased possible collection fees with no guaranteed results. After countless sleepless nights and constant worry, at the end of the 5th month, with all the hard work, determination, and perseverance, our startup entrepreneur got help from the Chairman of the head office and one of the government agencies. However, the risk still seemed to exist, especially in the midst of the world economic crisis, as the subsidiary promised to return the deposit not immediately but by the end of the 8th month. Two weeks before the end of the 8th month, our entrepreneur again sent emails and faxes, and finally, after the deposit that was worth 60% of the contract value had been held for more than 8 months, it was returned not in full due to exchange rate and without interest payment.

Imagine if you were a startup entrepreneur, your capital was limited, and suddenly your capital was in other people's hands; it cannot be returned to you immediately, and you were even not sure if your capital would be returned to you at all. We believe that entrepreneurs and businesses deserve better than this. PromoteSafeTrading.com was created to help and support you.