Question 1

How do I verify an Indian supplier before making a payment?

Accepted Answer

Enter the supplier's company name and GSTIN on Vetrade. The platform cross-checks the GST portal, DGFT IEC database, MCA21 company registry, Google Business, LinkedIn, and a 3-year fraud news scan in roughly 20 seconds. You receive a trust score, pillar breakdown, and an action verdict before you wire any advance.

Question 2

Can Vetrade verify an EU buyer's VAT number through VIES?

Accepted Answer

Yes. For buyers in any EU-27 country, Vetrade validates the VAT number against VIES (the official EU VAT validation service), checks the EORI number for customs readiness, and screens the company against the EU consolidated sanctions list and OFAC SDN list. The proof-of-verification is included in the report so you can show it to your bank or customs broker.

Question 3

Does Vetrade verify UAE TRN or Saudi VAT (TIN)?

Accepted Answer

Yes — for buyers in the UAE and Saudi Arabia, Vetrade validates the TRN, VAT/TIN, Trade License, and CR (Commercial Registration) formats against official rules and screens the buyer against EU, OFAC, and UN consolidated sanctions. Live FTA and ZATCA registry checks are arriving in Phase 2.2; format validation plus sanctions clearance is live today.

Question 4

What is an EORI number and why does it matter for Indian exporters?

Accepted Answer

EORI (Economic Operators Registration and Identification) is the customs identifier that every business clearing goods through EU customs must have. If your EU buyer's EORI is invalid, the shipment will be held at the port. Vetrade checks the EORI format and pairs it with VIES VAT validation so you confirm both tax identity and customs readiness before the container leaves India.

Question 5

Does Vetrade screen buyers against sanctions lists?

Accepted Answer

Yes. Every buyer verification screens the company name and identifiers against the EU consolidated sanctions list, the US OFAC SDN list, and the UN consolidated sanctions list. The screening is refreshed daily via cron. A sanctions match is the legally significant signal — shipping to a sanctioned entity exposes the exporter to penalties from Indian and foreign regulators.

Question 6

How is buyer verification different from supplier verification?

Accepted Answer

Supplier verification focuses on Indian government records (GST active status, IEC export licence, MCA company registration). Buyer verification adapts to the buyer's country: EU-27 buyers get VIES VAT, EORI, and EU + OFAC sanctions; UAE and Saudi buyers get TRN/VAT/CR format validation plus EU + OFAC + UN sanctions; buyers from other countries get digital presence checks (LinkedIn, B2B platforms, social media, domain age, 3-year fraud news scan). Both produce a trust score with a risk verdict.

Question 7

How fast and accurate is the verification?

Accepted Answer

Most reports complete in under 20 seconds. Vetrade queries authoritative sources directly — the GST portal, DGFT, MCA21, VIES, EU/OFAC/UN sanctions feeds, LinkedIn, Google Business, and news APIs — so the data is real-time, not scraped. The trust score is designed to surface risk signals quickly; for high-value transactions, complement it with a video call and document review.

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