TimeX│FAQ│What's your payment terms?

TimeX│FAQ│What's your payment terms?

TimeX│FAQ│What's your payment terms?
We provide flexible payment terms to cater to our customers' needs. Typically, we accept payment via Telegraphic Transfer (TT) or Letter of Credit (L/C). Both methods are secure and widely used in international trade.

When paying by TT, a 30% deposit is required upon confirmation of the order. This deposit serves as a guarantee of your commitment to the purchase and enables us to initiate the production process. The remaining 70% of the payment will be due either before shipment or upon completion of the order, depending on our agreement.

Payment by L/C offers a certain level of security for both the buyer and the seller. It ensures that the seller receives payment once the goods are shipped and meet the agreed-upon terms, while the buyer is protected from potential fraud or non-delivery. L/Cs are commonly utilized in large or complex transactions where a high degree of trust and security is essential.