Deposits

Deposits for Standard & Custom Product Orders

A deposit is required on orders that exceed certain thresholds; only upon receipt of the required funds will Telematic begin processing the order; no commitments to delivery, Products, materials or services shall be made until the full deposit is satisfied. The following deposit qualifications apply to accounts with credit terms and Letters of Credit.

Standard Products – Orders Over $50,000

Orders of $50,000 and greater require a deposit of 35% of the total order value prior to the commencement of procurement, assembly and/or manufacturing.

Custom, Non-Cancellable, Non-Returnable & Non-Refundable Products – Orders Over $20,000

Orders of $20,000 and greater require a deposit of 50% of the total order value prior to the commencement of procurement, assembly and/or manufacturing.











 

Updated: November 27, 2017