What is the payment method of purchasing LED display?

Question

When I want to purchase the LED display, what is the payment method of the purchase of the LED display? What are the procurement prices in different countries?

Answer 1

When purchasing LED display screens, the payment method is usually determined by the specific purchase contract, negotiation between the two parties, and industry standards. 

The following is an overview of common payment methods, but please note that this is not absolute, and the specific terms may vary depending on factors such as suppliers, purchase volume, product type, etc.:

Payment methods for purchasing LED display screens

1. Advance payment (deposit):

- After the contract is signed, the buyer needs to pay a certain proportion of the advance payment as a deposit, which is usually to ensure the fulfillment of the contract and the supplier's production arrangements. The proportion of the advance payment may vary depending on the supplier and the project, but it is generally between 30% and 40% of the total contract price.

2. Payment before shipment:

- For large projects such as full-color LED display screens, suppliers may require a portion of the payment before shipment to ensure the recovery of production costs and smooth transportation. The proportion of this part of the payment is usually higher, which may reach 50% or more of the total contract price.

3. Payment after installation and commissioning:

- After the installation and commissioning of the LED display screen is completed, the buyer will conduct acceptance. After acceptance, the buyer will pay the remaining amount, which is usually about 10% of the total contract price, as a warranty or final payment.

4. Warranty deposit:

- The warranty is set up to ensure that the product can be effectively repaired and serviced during the warranty period. After the warranty period, if there is no quality problem with the product, the supplier will return this part of the money to the buyer.

Differences in purchasing prices in different countries

The purchasing price of LED display screens in different countries will be affected by many factors, including but not limited to the following:

1. Raw material prices:

- The prices of raw materials (such as LED lamp beads, circuit boards, shells, etc.) may vary in different countries, which directly affects the production cost of LED display screens.

2. Labor costs:

- The labor costs in different countries vary greatly, which will also be reflected in the production cost of LED display screens. Countries with higher labor costs may also have relatively high prices for LED display screens.

3. Tax policy:

- Tax policy is one of the important factors affecting product prices. Different countries have different tax policies, and different tariffs and VAT may be imposed on imported products, which will affect the final selling price of the product.

4. Market demand and competition:

- Market demand and competition are also important factors affecting the price of LED display screens. In a market with strong demand and fierce competition, suppliers may increase the selling price to obtain higher profits; while in a market with insufficient demand or fierce competition, suppliers may reduce the selling price to attract customers.

5. Brand and technical level:

- LED display screens of different brands and different technical levels will also vary in price. Products with well-known brands and higher technical levels are usually sold at higher prices, but they are also more guaranteed in terms of quality, performance and service.

In summary, the purchase price of LED display screens will vary from country to country, and the specific price needs to be determined based on local market conditions, supplier conditions, and purchasing needs. Therefore, when purchasing LED display screens, it is recommended that buyers conduct sufficient market research and comparison to select the most cost-effective products.

Answer 2

1. For single and double color, the general payment method is to pay a deposit of more than 30% first, and pay it before delivery.

2. For full color screen, the deposit is 40%, and a deposit of more than 50% is paid before delivery or when the goods arrive at the site, and 10% is paid after installation and debugging. All orders below 100,000 yuan are cash on delivery.

Answer 3

When you want to purchase an LED display, the payment method is usually determined based on the specific purchase contract and negotiation between the two parties. Here are some common payment methods:

Payment method

1. Advance payment plus final payment:

- This method is more common. Usually after the contract is signed, the purchaser needs to pay a certain proportion of the advance payment (such as 30% or 50%) to the supplier as start-up capital.

- After the product is delivered and accepted, the purchaser will pay the remaining final payment (that is, the total contract price minus the advance payment).

2. Installment payment:

- For large projects or high-value products, the two parties may agree to pay the payment in multiple installments. For example, pay a part of the advance payment after the contract is signed, pay the mid-term payment before the product is delivered, and pay the final payment after the acceptance is qualified.

3. One-time payment after acceptance:

- In some cases, the two parties may also agree that the purchaser will pay the full amount in one lump sum after the product is delivered and accepted. However, this method is more risky for the supplier, so it is not common.

4. Payment by letter of credit:

- For the purchase of LED display screens in international trade, the purchaser may issue a letter of credit to the supplier through a bank. After fulfilling the delivery obligation, the supplier will collect payment from the bank with the letter of credit and related documents.

Differences in purchase prices in different countries

The purchase price of LED display screens may vary significantly between different countries, which is mainly affected by the following factors:

1. Production cost:

- The production costs of different countries are different, including labor costs, raw material costs, manufacturing processes, etc. Therefore, the price of LED display screens in countries with lower production costs (such as China) may be relatively low.

2. Tariffs and trade policies:

- Tariffs and trade policies in international trade will also affect the purchase price of LED display screens. For example, some countries may impose high tariffs on imported LED display screens, resulting in increased purchase costs.

3. Brand and quality:

- Different brands of LED display screens differ in quality, performance and service, so the prices will also vary. At the same time, some countries may prefer to purchase products of their own brands or well-known brands, which will also affect the purchase price.

4. Market demand and supply:

- Market demand and supply conditions are also important factors affecting the purchase price. In the case of strong demand and insufficient supply, the price of LED display screens may rise; otherwise, it may fall.

5. Exchange rate fluctuations:

- For procurement in international trade, exchange rate fluctuations are also a factor that cannot be ignored. Changes in exchange rates may affect the purchaser's ability to pay and the supplier's payment amount.

In summary, the purchase price of LED display screens may vary significantly between different countries, and the specific price needs to be negotiated and determined based on actual conditions. During the procurement process, it is recommended that the purchaser fully understand the market conditions and supplier conditions in order to obtain more reasonable prices and better services.