Payment Methods

1. Accepted Payment Methods

We accept the following secure and standard payment methods for international transactions involving commercial truck electronics (ADAS, MDVR, Fleet Management Systems, etc.).

1.1 Telegraphic Transfer (T/T) – Recommended

Preferred method for bulk orders and OEM projects.

Sample Orders: 100% payment in advance.
Standard/Bulk Orders:
- 50% deposit by T/T before production commences.
- 50% balance by T/T before delivery (EXW) or against a copy of B/L (if sea freight is arranged).
Bank Charges: The Buyer shall bear all bank charges outside of China.

1.2 Letter of Credit (L/C)

Accepted for large-volume orders only.

Irrevocable L/C at sight.
A minimum order value applies (as specified in the Proforma Invoice).
The L/C must be payable at our advising bank in China.
Note: L/C is subject to approval based on the Buyer’s credit history.

1.3 PayPal

For samples and spare parts ONLY.

Maximum transaction limit: USD $1000
PayPal fees (typically 4–5%) are for the Buyer’s account unless otherwise agreed.
Restriction: Not accepted for OEM orders, custom-made products, or orders exceeding the limit.

2. Currency & Exchange Rate

2.1 All quotations are denominated in USD unless otherwise agreed in writing.

2.2 If payment is made in a currency other than USD, the equivalent amount will be calculated based on the exchange rate provided by our bank on the day the payment is processed.

2.3 Any losses due to exchange rate fluctuations or transfer fees will be borne by the Buyer.

3. Payment Schedule & Order Confirmation

Orders are considered confirmed only after receipt of the required deposit (or full payment for samples).
Production will not commence until the initial payment has been cleared and credited to our account.
For T/T payments, please ensure your bank includes the invoice number or PO number in the remittance information.

4. Late Payment & Non-Payment

4.1 Failure to pay the balance by the agreed delivery date may result in order cancellation.

4.2 The Seller reserves the right to impose a storage fee for goods held beyond the scheduled delivery date due to non-payment.

4.3 Any bank rejection fees or chargeback fees will be invoiced to the Buyer.

5. Important Notes for EXW Terms

Under EXW (Ex Works) terms, the Seller’s responsibility ends once the goods are ready at our warehouse.
Payment of freight, customs duties, and taxes is the sole responsibility of the buyer and is separate from the product payment.
If the Seller arranges air freight on the Buyer’s behalf, the freight cost is charged at the carrier’s rate without markup and is payable separately from the product invoice.