Payment Terms

All transactions are done in US Dollars $. USBid prefers payment in advance of shipment of product from all first time buyers. There are four main methods of payment: TT/wire, COD (US and Canadian customers only), Credit Card (Visa, MasterCard, American Express and Discover) and Net Terms. A fifth option, escrow, is also available – please speak with your USBid Representative for more details.

TT/Wire

Orders using the TT/wire payment method should be accompanied by a buyer PO, or a signed USBid Pro-Forma Invoice (PI) in the rare case that a PO isn’t available, and a copy of the wire transfer. First-time buyer orders are processed once the funds are received by USBid.

COD

Companies located in either the US or Canada can pay by COD (Cash on Delivery) with prior approval from USBid.

Credit Card

USBid accepts all major credit cards including Visa, MasterCard, American Express and Discover. Orders greater than $1500.00 must be accompanied by a signed PI and a buyer PO.

Net Terms

Net payment terms are available to qualified customers, pending approval of a credit application. Net terms are typically considered for customers after multiple purchases from USBid. Ask your sales representative for more information.

Escrow

Escrow services are offered through several independent 3rd party options specializing in transactions involving electronic components. For further details on escrows, please contact your USBid sales representative for more information.

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