Trade & Payment Terms
LitonLaser offers three types of Incoterms trade terms and four payment methods. You can choose the trade cooperation plan that best suits your needs.
Trade Incoterms Selection
Cost and Freight
C&F is the most common international trade term. The manufacturer is responsible for producing the machine and finding a shipping company to transport it to the customer's international customs. The customer is responsible for customs clearance.
Ex Works
EXW terms. The manufacturer is only responsible for completing the production plan on time; the customer needs to find a suitable freight company and customs clearance company for the transportation and customs clearance of the machines.
Delivered Duty Paid
DDP terms are the most convenient for buyers. Our factory will take full responsibility for production, shipping, and customs clearance, finding the right freight and customs companies and delivering to your door. As a buyer, the customer simply needs to wait.
How to Choose Incoterms?
Beauty Salon Owner
Beauty salon owners typically own many machines and have some customs clearance experience, so they can choose C&F or DDP terms.
Clinic Doctor
Clinic doctors usually have sufficient experience in importing equipment, and most choose C&F services, while some choose DDP terms.
Distributors/Resellers
Distributors and resellers have larger orders and more experience in shipping and customs clearance, so they tend to choose EXW terms.
Personal Use Buyer
For individual buyers, who often lack customs clearance experience, we generally recommend choosing the DDP (Delivered Duty Paid) terms.
The Importance of Incoterms
Incoterms were originally designed to eliminate linguistic inconsistencies by providing the same definitions of terms for all parties. Although they are agreed upon between the seller and buyer, they provide clear definitions of costs, obligations, and risks for all parties involved in the transaction.
Therefore, Liton Laser will incorporate Incoterms into your contracts and display them on your commercial documents.
Check The Trade Terms And Payment Methods!
Acceptable Payment Methods
Bank Transfer
T/T (telegraphic transfer) refers to a process where the remitting bank, upon receiving a remitter’s order, notifies the recipient’s local bank via telex of the payment request, instructing it to disburse a certain amount of funds to the designated recipient.
The advantage of bank wire transfer is that the remittance is very fast, but the handling fee is relatively high.
- Fast processing. Funds arrive within 1-3 business days, allowing for quick initiation of cooperation.
- Simple operation. Simply fill in the correct bank information to make the transfer.
- High flexibility. Deposits and final payments can be made in installments.
- Globally accepted. T/T is recognized by most banks and businesses worldwide.
PayPal Payment
PayPal is a globally popular international payment tool used by hundreds of millions of users. It offers instant payments and funds, integrating popular international payment methods such as credit cards, debit cards, and electronic checks. It helps buyers and sellers solve various payment challenges during transactions.
PayPal is a truly global payment platform, serving over 200 markets and supporting more than 100 currencies.
- Global Coverage. PayPal supports over 200 countries and regions.
- Real-Time Payments. PayPal allows you to receive US dollars instantly.
- Multi-Currency Support. Supports 22 currencies, allowing for easy currency exchange.
- High Brand Trust. PayPal has 400 million active users and enjoys high recognition.
Western Union
Western Union is a leading global money transfer company that has served customers for over 145 years, covering more than 200 countries and regions worldwide with nearly 500,000 partner locations. It can send funds to billions of bank accounts and e-wallets globally.
However, for large remittances, fees are high, and different countries may have different transaction limits.
- Fast arrival. Funds arrive in just 3 minutes, eliminating long waiting times.
- Simple to use. Payment is successful simply by providing the recipient's basic information.
- Wide coverage. With over 500,000 agent locations, including banks, post offices, convenience stores, and more.
- High security. Western Union employs a strict identity verification process and uses a unique tracking number.
Alipay Payment
Alipay+ is a global cross-border digital payment solution that enables merchants to accept payments from multiple major Asian e-wallets through a single integration.
It supports consumers using their local wallets to make online and offline payments at over 100 million merchants in more than 100 markets worldwide, covering scenarios such as travel, e-commerce, catering, and transportation.
- Low fees. Alipay offers low fees and occasional platform promotions.
- Covers 100+ countries. Connects to 40+ e-wallets and national payment systems.
- Secure transactions. All transactions are regulated by local financial regulatory bodies.
- Smart exchange rate. Settles in local currency with automatic currency conversion.
How to Verify the Payment Account?
If you are planning to purchase a Liton Laser machine but are unsure whether the account provided by the salesperson is genuine, please contact our official email address: info@litonlaser.com.
We will verify and respond for you.
You can also contact us via WhatsApp at +86 137 2988 0023. Helen is the Sales Manager at Liton Laser. You can confirm directly by phone or WhatsApp.
She will verify the authenticity of your payment account.
Payment Process
Trade and Payment FAQs
Incoterms terms of trade are numerous, but in reality, they define the division of responsibilities for the production, transportation, and customs clearance of goods. If you have experience and capability in customs clearance and transportation, you can choose EXW; if you only have import experience, you can choose C&F; if it's your first time buying, then DDP is the best choice.
Incoterms are the basic agreement between buyers and sellers, which stipulates the division of responsibilities. They need to be reflected in all commercial documents, including contracts, invoices, packing lists, etc., and must clearly indicate which version of Incoterms is used.
Liton Laser offers four payment methods: bank T/T transfer, PayPal, Alipay, and Western Union. You can choose any suitable payment terms.
After you confirm your purchase of a Liton Laser machine, a sales representative will provide a pro forma invoice for payment. You can verify the authenticity of the account through the official email address: info@litonlaser.com or WhatsApp number: +86 137 2988 0023.
