Here's a brief description of what we already look for and/or require when a company applies for membership. Note that there are more checkpoints, but we keep them confidential to thwart fraudulent companies.
- Check their IP address.
- Verify email address and phone number.
- Search for public listings and compare the addresses listed there with the information provided to us.
- Search for public complaints against the company.
It's a time-consuming process, but worth the effort to help stop fraud.
We also encourage Tradeloop members to do their own due diligence and visit a member's company profile before agreeing to a deal. The profiles display how long they have been members and it shows a message if they are non-members or if their information has not been verified.
We're always updating and strengthening our anti-fraud procedures at Tradeloop and we'd like member input on this important topic:
What do you think should be required of new members?
- Bank references
- Trade references
- Other documentation to establish identity