# Payment structure ### **Step 1: Deposit Payment** * When placing an Order, Buyers must pay a **10% deposit** of the total Order value (excluding VAT) immediately. * This deposit confirms the commitment to the Order and initiates the process with the Seller. ### **Step 2: Final Payment** * After HS codes are provided by the Seller and VAT is calculated, Parallel issues a **final proforma invoice**. * Buyers must pay the remaining **90% of the Order value plus VAT** within **48 hours** of receiving this invoice. ### **Step 3: Order Confirmation** * Parallel considers the Order confirmed only when **full payment** (deposit + final payment including VAT) is received. * Only then will Parallel instruct the Seller to deliver the goods to the Inspection Warehouse or inspection partner. ### **Tips for Buyers** * Keep an eye on deadlines for the final payment to avoid **penalties**. * Ensure that your payment method covers both the deposit and the final amount promptly. * Review the proforma invoice carefully to confirm VAT and total amounts. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://parallelbroker.gitbook.io/parallel/ordering-and-payment-process/payment-structure.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.