Payment Options

Credit Terms

Standard credit terms are net 30 days from date of invoice. To apply for a credit term, please contact Magnetone’s Accounts Dept. Until your credit application is approved, orders will be shipped upon receiving cash in advance or a confirmed, irrevocable letter of credit.

Payment by Telegraphic Transfer

Beneficiary: Magnetone Singapore Pte Ltd
Bank Name: United Overseas Bank Limited, Singapore
Bank Address: 80 Raffles Place Singapore 048624
Swift Code: UOVBSGSG
US Agent Bank: JP Morgan Chase Bank
NY Routing #021000021

Bank Account Number (US$)
104-900-431-7

Bank Account Number (S$)
104-314-498-2

Payment by Paypal
Paypal Account: [email protected]
(Subject to 3.9% surcharge on transaction amount)

Payment by Western Union
Please contact us for our WU account details.
(Subject to 3.9% surcharge on transaction amount)

Payment by American Express Card
A copy of Amex Authorisation Form will be emailed to you once this payment option is chosen.
(Subject to 3.9% surcharge on transaction amount)

Payment by Cheque/Bank Draft
Issue cheque in favour of “Magnetone Singapore Pte Ltd