Sites like Alibaba.com definitely create greater transparency in import and export transactions. Buyers have more detail information about suppliers as company details are listed on the site. A third party credit agency is used to verify the authentication of companies on the site;
upon on successful verification these companies receive a Trust pass designation. Alibaba.com also
engages in verification of trustworthiness of companies. The tests and verifications that
Alibaba.com engages in certainly reduce the possibility of fraud but do not eliminate it completely.
In my opinion since these companies are conducting business over the internet there still exist the
possibility of fraud.