When a supplier
directory does not keep its promises, it loses the trust of buyers. Buyers
become wary of using such sites. Reviews
indicate that something similar happened with Wholesalescout.co.uk.
Perhaps this website
should not even be called a wholesale directory. It is actually a front for scammers to
collect money in the form of buyer fees.
The web site offers no service in return.
The
Auto Charging Scam
This sort of scam is very common on fraudulent web
sites like Wholesalescout. Buyers are tricked into providing their
credit card details here. Once you have
authorized the payment of a one time fee, you will notice that every month your
card is billed a particular amount — without your permission. There is no way
to stop such recurring billing unless you cancel your credit card. Even cancelling
your membership is useless, because you are autocharged anyway.
How
Buyers Are Trapped
First, the site
makes promises it has no intention of keeping. Buyers are told they will be
provided information about suppliers and wholesale deals — none of this is ever
forthcoming. The site is static; set up just to lure buyers and charge them fees.
This is a common trick used by many fraudulent websites to make money the
unethical way.
As it is, buyers
face too many difficulties sourcing products. They cannot find the right
suppliers, and they are often short of funds. Sites like this one make things
worse, by not only cheating the buyers but also demoralizing them by making it
impossible for them to continue business.
Excessive fees are
not the only problem with the site. Reviews
have mentioned other problems with wholesalescout
as well.
Products
with Low Profit Margins
The products here
are so expensive that buyers are not left with any profit margin if they sell
the product online. You need to keep in mind that profitability on eBay tends
to be lower than usual retail stores, because on eBay products are much
cheaper. Therefore, the retailer, who sells merchandize online, needs to offer
significant discounts to customers.
However, if you were
to use this directory to find products, you will never be able to offer
customers the discounts they need.
Out
of Stock
This mode of scamming buyers is common to most
dubious wholesale sites out there. They display an inventory that they hardly
ever hold, and encourage buyers to pay a fee to buy these products. Once the
fee has been paid, the buyer discovers that the products are out of stock. Reviews
say that sites such as wholesalescout do not stock products in the
first place. Therefore, if you were lured by promises of dropshipping gold, you
have been scammed.
This is not the
right place to look for products to stock your store racks. You will only end
up paying insanely high fees, compromise your credit card information, and
spend weeks chasing products that are not available. Wholesale Scout is another
byword for fraud, and knowledgeable buyers keep away from this site.
