Financial Policy & Business Terms

We support diversified multi-currency financial settlement methods

Payment currency: In order to meet the needs of customers in different countries and regions, Xavier can support payments in RMB, US dollars, Euros, Hong Kong dollars, Japanese yen, British pounds, Australian dollars, Singapore dollars, Canadian dollars and New Zealand dollars. It can also support other payments according to customer requirements. Currency payment.

Payment methods: In line with the development of cross-border payments, Xavier also supports diversified payment methods.

• Support bank wire transfer
• Support Western Union payment
• Support Wise payment
• Support Alipay payment

For the above four payment methods, there is no handling fee for a single payment of more than US$50,000. Each payment amount is less than US$50,000. Buyers need to pay according to the actual amount of the invoice.

• PayPal payment is supported, and a single transaction fee of 3.7% is required.
• Credit card payment is supported, and a single transaction fee of 3.7% is required.

Payment Terms:Xavier establishes friendly, long-term and sustainable business cooperation for both parties. Based on the order volume, payment credit rating and purchasing plan of different customers, Xavier is willing to provide supportive payment accounts to alleviate customers’ financial pressure:

• For new customers and customers whose first-year cooperation transaction volume is less than $10W, the payment method is 50% prepayment upon seeing the commercial invoice and 50% payable before shipment.
• New customers and orders of more than $5W in the first year are supported with 30% prepayment upon seeing the commercial invoice and 70% balance payment before shipment.
• Customers with an annual transaction volume of $50W are supported to pay 50% in advance upon seeing the commercial invoice, 40% before shipment, and the 10% balance payment within 10 working days after the goods arrive.
• Customers with an annual transaction volume of $100W are supported to pay 30% in advance upon seeing the commercial invoice, 50% before shipment, and the remaining 20% to be paid within 10 working days after the goods arrive.
• Customers with an annual transaction volume of $300W are supported to pay 30% in advance upon seeing the commercial invoice, 40% before shipment, and the remaining 30% to be paid within 20 working days after the goods arrive.
• Customers with an annual transaction volume of $500W are supported to pay 30% in advance upon seeing the commercial invoice, 30% before shipment, and the remaining 40% to be paid within 20 working days after the goods arrive.

According to the above payment terms, when the order involves the cost of molds, customized tools, measuring tools, and sample orders, 100% prepayment is required.

For customers who have cooperated with us for more than three years, Xavier is willing to agree on the payment method and account period that the customer is more willing to accept based on the order volume and payment punctuality. The customer’s on-time payment is crucial. If the customer fails to pay at the agreed time, Xavier reserves the right to adjust the payment terms.

Trade terms: In order to establish a foundation of mutual trust and develop long-term cooperative relationships with customers, Xavier is willing to implement various trade terms such as EXW, FOB, CFR, CIF, and DDP with its partners to determine the responsibilities and obligations of each other’s cooperation;

• EXW (EX works): Xavier factory delivery. Unless otherwise specified, Xavier is not responsible for loading the goods on the car or ship arranged by the customer, nor does it handle export customs clearance procedures. The customer bears all costs and risks from the time of delivery at the Xavier factory to the final destination.
• FOB (Free On Board): Free on board (designated port of shipment), Xavier delivers the goods to the ship designated by the buyer at the designated port of shipment within the shipping period stipulated in the contract, and bears all costs and loss of goods until the goods cross the ship’s rail. or risk of damage.
• CFR (Cost and Freight): Cost and freight (specified port of destination), Xavier delivers the goods to the ship bound for the designated port of destination at the port of shipment during the shipment period stipulated in the contract, and bears all costs and goods until the goods cross the ship’s rail. risk of loss or damage, and is responsible for chartering a ship, booking space, and paying normal freight to the port of destination.
• CIF (Cost, Insurance and Freight): cost, insurance and freight (specified port of destination). Xavier must deliver the goods to the ship bound for the designated port of destination within the shipping period specified in the contract, and bear all costs until the goods cross the ship’s rail. All costs and risks of loss or damage to the goods are handled, freight insurance is paid, insurance premiums are paid, ship chartering and space booking are carried out, and normal freight charges from the port of shipment to the port of destination are paid.
• DDP (Delivered Duty Paid): Delivery after tax is paid in the importing country (specified destination). Xavier transports the goods to the designated location in the customer’s country and delivers the goods that have not been unloaded on the delivery vehicle to the buyer. Xavier is responsible for handling import customs declarations. formalities, pay any import “taxes” payable at the destination when customs formalities are required, and bear all costs and risks before delivering the goods to the buyer.