Balance payment
The part of the order value you pay after the goods pass inspection, before they ship.
What is Balance payment?
What is Balance payment?
The balance payment is the remainder of the order value — usually 70% after a 30% deposit — and the single most important leverage point in an import deal. It should only leave your account after a pre-shipment inspection report confirms quantity, workmanship, function and packaging against your approved sample. Once the balance is paid and the goods sail, fixing a problem means shipping things back across an ocean; before payment, it means one firm email.