1. Payment Safety Measures
- Avoid upfront cash payments—use MPesa, bank transfers, or cheques (wait for clearance).
- For large transactions, escrow services can provide security.
- Invest in a counterfeit money detector if you handle cash frequently.
2.Safe Delivery Practices
- Use trusted logistics companies (e.g., Sendy, or established couriers).
- Get stamped delivery notes as proof of receipt.
- For high-value goods, consider tracked deliveries with insurance.
3. Document Every Transaction Properly
Essential Documents to Secure Your Business
- Local Purchase Orders (LPOs) – Ensure all orders are formalized.
- Signed delivery notes – The receiver must acknowledge receipt.
- Credit application forms – For first-time buyers, require signed agreements.
- Formal contracts – For big deals, include payment schedules, penalties for default, and dispute clauses.
Keep digital and physical copies of all transaction records.
4. Avoid Common Psychological Traps
Don’t Rush Decisions
- Scammers create urgency—take at least 24 hours before committing.
Don’t Trust Based on Appearances
- Fancy offices, websites, or religious affiliations don’t guarantee honesty.
Beware of “Too Good to Be True” Deals
- If a deal seems unrealistically profitable, it’s likely a scam.
5. Report Fraud Immediately
If you encounter fraud:
- File a report with DCI Kenya
- Warn other businesses
Fraudsters evolve, so continuous caution is key. By implementing these strategies, you can minimize risks and safeguard your business.
