Quick Answer: HYSF offers flexible payment terms for international orders. Standard terms: 50% deposit with order, 50% before shipment for first-time customers. For established customers: Net 30 days after credit approval. For large orders (>50,000 USD): Letter of Credit (L/C) accepted. We accept wire transfer (T/T), PayPal (for small orders), and L/C at sight. No credit card processing. Payment in USD, EUR, or CNY. All prices are FOB China port unless otherwise specified.
Payment Terms & Methods
Standard Payment Terms
First-Time Customers
- Deposit: 50% with purchase order
- Balance: 50% before shipment (after production complete)
- Payment method: Wire transfer (T/T) preferred
- Production starts: Upon deposit receipt
- Shipment: After balance payment received
Established Customers (Credit Approved)
- Terms: Net 30 days from invoice date
- Credit limit: Based on order history and financial review
- Application: Submit credit application with financial references
- Approval time: 3-5 business days
Large Orders (>50,000 USD)
- Option 1: Standard 50/50 T/T
- Option 2: Letter of Credit (L/C) at sight
- Option 3: 30% deposit, 70% against copy of B/L
- L/C banks: Major international banks accepted
Accepted Payment Methods
| Method | 最適 | Processing Time | Fees |
|---|---|---|---|
| Wire Transfer (T/T) | All orders | 2-5 business days | Customer pays bank fees |
| PayPal | Orders <5,000 USD | Instant | 4% PayPal fee applies |
| Letter of Credit | Orders >50,000 USD | 5-10 business days | Standard L/C fees |
| Western Union | Sample orders only | Same day | Customer pays fees |
Payment Currencies
- USD (US Dollar): Preferred currency, no conversion fees
- EUR (Euro): Accepted, exchange rate at payment date
- CNY (Chinese Yuan): Accepted for domestic China orders
- Other currencies: Case-by-case basis, contact us
Bank Details for Wire Transfer
Beneficiary: HYSF Subsea Technology Co., Ltd.
Bank: [Bank name provided in invoice]
Account: [Account number provided in invoice]
SWIFT: [SWIFT code provided in invoice]
Address: [Bank address provided in invoice]
Full bank details provided in proforma invoice for security.
Payment Timeline
Standard Order Flow
- Customer submits purchase order or request for quote
- HYSF issues proforma invoice (PI) within 24 hours
- Customer pays 50% deposit
- HYSF confirms receipt, begins production
- Production complete (2-4 weeks)
- HYSF sends photos and test certificates
- Customer pays 50% balance
- HYSF ships goods, sends tracking
- Customer receives goods
Credit Application Process
For Net 30 terms, submit:
- Completed credit application form
- Business registration documents
- 2-3 trade references
- Bank reference letter
- Financial statements (for large credit limits)
Credit review: 3-5 business days
Credit limits: Start at $10,000, increase with order history
Price Terms
Standard: FOB China Port
- Price includes: Products, packaging, delivery to China port
- Price excludes: International shipping, insurance, customs, duties
- Customer arranges: Freight forwarding from China port
Optional: CIF Destination Port
- Price includes: Products, shipping, insurance to your port
- Price excludes: Customs clearance, duties, local delivery
- HYSF arranges: Freight and insurance
Optional: DDP (Delivered Duty Paid)
- Price includes: Everything to your door
- Available for: Select countries
- Request quote: Contact sales for DDP pricing
Payment Security
For Customers
- Proforma invoice with all details before payment
- Photos and test certificates before balance payment
- Escrow service available for large orders (Alibaba Trade Assurance)
- Clear contract terms and conditions
For HYSF
- Deposit protects against order cancellation
- Balance before shipment ensures payment
- Credit approval process for Net terms
Common Questions
Q: Can I pay by credit card?
A: We don’t directly process credit cards. You can use PayPal which accepts credit cards (4% fee applies).
Q: What if there’s a quality issue after payment?
A: All products covered by 12-month warranty. We’ll repair, replace, or credit defective products.
Q: Can you split shipments with partial payments?
A: Yes, for large orders we can arrange partial shipments with proportional payments.
Q: Do you offer discounts for upfront payment?
A: Yes, 100% upfront payment receives 3% discount on orders >10,000 USD.
Related: Contact Sales | Shipping Information
Ready to order? Email sales@hysfsubsea.com for proforma invoice.
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