1. Bank Wire (T/T)
T/T is the default for orders >$1,000. We invoice in USD by default, with EUR and CNY available on request. Beneficiary is Yiyang Hongyi Electronics Co., Ltd., bank coordinates appear on the proforma invoice. Allow 1–3 business days for funds to clear before production starts.
2. Letter of Credit (L/C)
L/C at sight is accepted for orders >$30,000. Documents we present: signed commercial invoice, packing list, B/L or AWB, certificate of origin (CO from Yiyang CCPIT), and beneficiary's certificate. Bank charges outside China are for the applicant's account. We recommend issuing the L/C through a top-tier international bank to minimise discrepancies.
3. PayPal (Sample Orders Only)
PayPal is available for sample orders up to $1,000. The customer covers the PayPal fee (typically 4.4% + $0.30). We invoice you on a PayPal request that you pay directly — we do not store card details. Refunds for cancelled sample orders are issued within 7 business days back to the original PayPal account.
4. Currencies & FX
USD is the default invoicing currency. EUR and CNY are available on request. Quotes are valid for 30 days from issue date; FX swings beyond ±3% may trigger a requote. Bank fees on the buyer's side are for the buyer's account; fees on our side are absorbed by us.
5. Tax & Invoicing
Export commercial invoices show net FOB / DDP value as agreed; we do not under-declare. Chinese export VAT rebate is built into our pricing (no separate line). Buyers in the destination country are responsible for import VAT/GST and duties unless we shipped DDP. We issue VAT invoice (中国增值税专用发票) for Chinese-domestic buyers on request.