Payment Methods
At EspectOne we provide secure and flexible payement options to ensure a seamless transaction experience for our valued buyers Below are the payement methods we support
Available Payment Methods
Our Focus to make flexible payment methods on our Website where customer have multiple options
Online Bank Transfer
Supported Currencies
We Support Major Currencies World Wide
- USD
- EUR
- AUD
- GBP
- CAD
- YEN
- TRY
Transaction Processing
- Payment via bank transfer and LC may take 1-3 business days for confirmation
- Instant payment options (paypal credit card) are processed immediately
Payment Terms we Offer
Our flexible payment options ensure that international buyers can select a Terms best suited to their Business
Advance
Typically, 50% advance before production begins and 50% before shipment.
T/T
Mostly used for international payments, with advance and balance payment options.
D/P
Payment upon receiving shipment documents, commonly used for established clients.
L/C
Accepted for large orders; requires a recognized international bank
Details of Terms
Advance Payment Requirements
A. New Clients
- Advance: 50% of the total invoice amount is required at the start of production.
- Balance: The remaining 50% is due after goods are shipped, ensuring a balance of security and trust.
B. Large or Custom Orders
- Advance: For significant or custom orders, an advance ranging from 60-70% may be requested, depending on the complexity and volume of the order.
- Balance: The remaining balance is due after goods are shipped.
Telegraphic Transfer (T/T)
Overview: T/T is a standard payment method for global transactions, offering a straightforward and secure way to transfer funds internationally.
- Structure: Generally, T/T terms require an initial advance of 30-50% to start the order, with the final balance due upon shipment.
- Security: T/T payments are highly traceable and globally accepted, providing a clear record and secure payment method for buyers and sellers alike.
Documents Against Payment (D/P)
Description: In D/P terms, the buyer’s bank will require payment upon the presentation of shipping documents.
- Ideal For: This option works well for buyers with a consistent purchasing history, offering a secure method for established clients.
- Process: The goods are shipped, and upon arrival, payment is released upon receipt of documents, providing security for both parties based on shipment confirmation
Letter of Credit (L/C)
Overview: L/C is particularly suitable for high-value orders, adding a layer of bank-verified security for both parties.
- Applicability: Preferred for larger, high-value transactions, an L/C is backed by your bank to guarantee payment upon fulfillment of agreed conditions.
- Requirements: The letter of credit must be issued by an internationally recognized bank, ensuring it meets the standards for international trade.
- Advantages: This option protects both buyer and seller by having the bank oversee the terms, making it ideal for large or first-time orders with new clients.
Custom Payment Plan
Overview: For returning customers or unique orders, we offer flexibility in payment terms.
- Flexibility: Custom terms may be negotiated, adjusting payments based on order size, frequency, or other criteria.
- Requirements: Custom plans are reviewed on a case-by-case basis, with factors like account history or a credit background review to help structure an appropriate payment plan.