Payment Schedule
For simplicity, payments will be made monthly
January (beta installations onsite at Museum) - 20% expect improvements to be deployed remotely until launch day code freeze 3 days before museum opening Here are the available payment options:
1. TAX INCLUSIVE, WIRE TRANSFER (White Widget - Hong Kong)
- White Widget pays taxes, no additional amount aside from bank transfer fees, which the client shoulders.
- Payment receipt will be issued.
Payment Goes to:
White Widget Limited
Account Number: 652 239 005 838
Bank Name: HSBC Hong Kong
Bank Code: 04
Bank Address: 1 Queen’s Road Central, Hong Kong
SWIFT Address: HSBCHKHHHKH (for telegraphic transfers)
2. TAX INCLUSIVE, CREDIT CARD PAYMENT (White Widget - Hong Kong)
- There is an additional 3.4% per transaction for the credit card fees.
- Acknowledgement receipt for payment will be issued.
- Please request the invoice in this matter, and you can pay our USD invoice via a link we'll send to you. Your credit card company will handle the conversion rate from USD to PHP.
3. TAX EXCLUSIVE, WIRE TRANSFER (By Implication, Inc. - Philippines)
- If you choose to pay locally, then payment should be made to By Implication, Inc. (the company name of our partner, Bonito Tech). This is subject to PH Value Added Tax (VAT) at a rate of 12% per transaction.
- This payment method is the most expensive unfortunately.
- Service Invoice will be issued. If your company will be withholding the creditable 2% tax, BIR 2307 should be issued as proof of withholding.
Payment Goes to:
By Implication, Inc.
Account Number: 240 6 000 177 56
Bank Name: Sterling Bank of Asia
Bank Address: Sterling Bank Corporate Center, Ortigas Ave. Greenhills, San Juan
SWIFT Address: STLAPH22XXX (for telegraphic transfers)
Option No. 1 is our most recommended method of payment as it’s the least expensive among the other options.