Libra Neoprene-Your Trusted Partner in Custom Neoprene Products Manufacturing Since 2009
At Libra Neoprene, we offer flexible payment terms designed to accommodate different order sizes, customer relationships, and risk profiles. Here is a breakdown of our standard and customized options:
| Payment Method | Terms | Best For |
|---|---|---|
| T/T (Bank Transfer) | 30% deposit to start production, 70% balance before shipment | Most trial orders and first-time collaborations |
| Alibaba Trade Assurance | Secure online payment via Alibaba platform | Customers who prefer platform-backed transaction security |
| PayPal | 100% upfront for small sample orders | Small trial orders (under certain value) |
We understand that as relationships mature, payment flexibility can help both sides grow. For customers who have established a track record with Libra Neoprene, we offer:
| Collaboration Level | Payment Terms | Assessment Criteria |
|---|---|---|
| Trial/First Order | 30% deposit + 70% before shipment | Standard new customer terms |
| Repeat Orders (3+ batches) | 30% deposit + 70% before shipment | May consider adjustments based on order history |
| Established Partners (6+ months regular orders) | Potentially adjusted deposit ratio, or 70% balance against B/L copy (instead of before shipment) | Subject to company evaluation of order volume, payment history, and credit assessment |
For these deeper collaborations, the process works as follows:
Customer Initiation — The customer raises the request for adjusted payment terms with their dedicated sales representative.
Internal Assessment — Our finance and operations teams review the customer's:
Order history and frequency
Payment track record (on-time, full payments)
Order value and volume
Overall collaboration depth
Tailored Proposal — Based on the assessment, we offer a customized payment structure, which may include:
Reduced deposit percentage (e.g., 20% instead of 30%)
Extended final payment timeline (e.g., balance against B/L copy)
Flexible installment schedules for high-value orders
Note: All customized payment terms are approved on a case-by-case basis. We do not offer a fixed "one-size-fits-all" extended credit policy — each adjustment is carefully evaluated to ensure mutual benefit and risk mitigation.
| Benefit | Explanation |
|---|---|
| Low Upfront Commitment | 30% deposit minimizes your initial cash outlay for trial orders. |
| Secure Transactions | Alibaba Trade Assurance and PayPal provide buyer protection for smaller orders. |
| Scalable Flexibility | As your order volume grows, we are open to adjusting payment structures to match your cash flow needs. |
| Transparency | All payment milestones are clearly communicated in the proforma invoice and order confirmation. |
Bank Transfer Fees: Any applicable bank transfer or intermediary fees are the responsibility of the remitter unless otherwise agreed.
Sample Orders: For sample making (under 50 pieces), we generally require 100% upfront via PayPal or T/T. Sample costs are often deductible from your first bulk order upon confirmation.
Currency: We accept USD, EUR, GBP, and CNY. Please confirm the currency at the time of quotation.
Place Your Order — Submit your purchase order with product specifications and quantity.
Receive Proforma Invoice — We will issue a proforma invoice with the agreed payment terms.
Make Deposit — Pay the deposit (or full amount for samples) as specified.
Production Begins — We start production upon deposit confirmation.
Balance Payment — Pay the remaining balance as per the agreed terms (before shipment or against B/L copy).
At Libra Neoprene, we believe in building long-term partnerships based on trust, transparency, and mutual success. Our payment terms are designed to be fair, flexible, and adaptable to your business needs — from your very first trial order through to large-scale collaborations. Contact us to discuss your specific requirements, and we will find a solution that works for both sides.