Why is Why Exchange important to your business? You might be surprised to learn that it’s not. But, if you don’t have a What-to-Do-About-It plan, then your business will be in trouble.
So, what is Why Exchange?
It’s an agreement among a seller and buyer that the item or service they are selling will be fulfilled. This includes delivery, performance and fulfillment of the terms of the agreement.
In other words, the provider will be committed to deliver, or deliver the item or deliver the service as agreed. Then the seller will be committed to receive their payment, or receive the item or the service as agreed.
There are many problems that can arise from items that don’t get delivered, or where the seller doesn’t deliver, but the buyer will still pay. The issues are:
The buyer gets upset because they weren’t treated fairly. The buyer reports the non-delivery to the local authorities and the police. They also usually make a complaint to the provider about non-payment. The provider may even respond by taking the item back and reselling it, or they could be more proactive and offer compensation to the customer.
In this case, the seller is liable to both the buyer and the police and the local authorities. In addition, they may also be liable to the buyer for compensation.
The buyer becomes angry because of the lack of support from the local authorities.
They try to bring the issue to the attention of the provider of the item or service. In most cases, they go into further debt, sometimes even going to court.
However, in most cases, it is the provider’s responsibility to take action. In addition, the provider should have a written report from the local authorities, so that they know what to do in case of a complaint. Otherwise, the provider would be doing the wrong thing.
The buyer gets upset because the provider isn’t keeping up with their commitment to deliver for exchange support or doesn’t deliver what they expected. The buyer considers the provider to be a scammer, and won’t consider using the provider again.
In this case, the seller may find themselves in a quandary, as the provider won’t stay in business or the customer might give them another reason to go out of business. In addition, there may be tax implications from the seller’s side too.
- Whatever the outcome, there are a few things you should consider when you have a non-delivery due to non-performance.
- Which causes you to be upset with your provider, but doesn’t deliver.
- What should you do? First, evaluate what caused the situation to arise.
- Why Exchange is important. Not only for the seller but also for the customer.