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Payment Terms

I’m an inventor. What payment terms can I get?
Cypress Industries accepts either a credit card, a prepayment of 100% in advance, or in some cases a minimum prepayment of 75% from inventors.

My company is not located in the US. What terms can I expect?
For smaller orders of $10,000 or less Cypress accepts credit cards and wire transfers in advance from international clients. For larger orders over $10,000 Cypress will accept wire transfers in advance or a letter of credit from its international clients.

What are your credit policies?
Individual Customers (includes firms in business <1 year and inventors):
Credit Card, 100% prepayment or minimum prepayment of 75% for approved customers.

Established Companies:
A standard credit check will be performed where our credit form will need to be signed. In addition, 3 credit and 1 bank reference are required.

Tooling Customers:
50% down and 50% due upon first article approval if a customer has approved credit. Customers without credit will be required to pay 100% down, or in some cases 75% down.

International Customers:
For smaller orders of $10,000 or less Cypress accepts credit cards and wire transfers in advance from international clients. For larger orders over $10,000 Cypress will accept wire transfers in advance or a letter of credit its international clients.

Can I download your credit application?
To apply for credit for terms with Cypress Industries, you will need the following forms:

1.Cypress Industries Credit Application
2.Customer Financial Release
3.Texas Resale Certificate (required only if you are a Texas Business)

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