Net 30 Payment Terms and Conditions

Net 30 Payment Terms and Conditions

1. Payment Terms

Buyers approved for Net 30 payment terms (“Buyer”) agree to pay the full invoice amount within 30 days from the date of the order submission.

2. Late Payments & Interest Charges

If payment is not received within the 30-day period, a daily interest charge of 2% will accrue on the unpaid balance until full payment is received. Interest is calculated based on the outstanding balance and will be applied daily until the balance is paid in full.

3. Payment Methods

Payment may be made via Shopify Payments, ACH Transfer. The Buyer is responsible for any transaction fees associated with their chosen payment method.

4. Credit Approval & Limits

Net 30 terms are subject to credit approval. The Seller reserves the right to adjust or revoke credit terms at any time based on payment history and financial review.

5. Default & Collections

If payment is not received within 60 days, the account may be sent to collections, and the Buyer will be responsible for any associated collection fees, legal fees, and costs incurred in recovering the unpaid amount.

6. Suspension of Services & Future Orders

Failure to comply with these payment terms may result in the suspension of future orders and a requirement for prepayment on subsequent purchases.

7. Modifications to Terms

The Seller reserves the right to modify these terms at any time. Any changes will be communicated in writing and will apply to future transactions.

8. Acceptance of Terms

By placing an order under Net 30 terms, the Buyer acknowledges and agrees to these Terms and Conditions.