Does Merchology Offer Payment Terms for Businesses?
When it comes to ordering corporate apparel and gifts, it’s often helpful to have multiple financing options. Here at Merchology, we want to make the apparel and gift ordering as smooth as possible for you and your team, which is why we offer Net 30 Terms. Below is an overview of Net 30 terms and our policies at Merchology so you can decide if Net 30 is a financing option that suits you and your company!
What are Net 30 terms?
Net 30 terms describe a B2B trade agreement in which the seller offers the buyer 30 days to complete the payment. At Merchology, the 30-day period begins the day product is shipped.
How is Net 30 Calculated?
Within a Net 30 agreement, the terms always include a 30-day payment period. This means that you have 30 days to complete the payment without penalty. The 30-day period is 30 calendar days, not business days, so weekends and holidays are included. There is no interest or added cost over this payment period. It’s about as simple as it sounds!
Why is Net 30 a good option?
Net 30 terms are a great option for businesses under circumstances that cause a limited cash flow. It also allows you to shift your payment into the next month’s budget! This option is especially beneficial for new companies, small local businesses, and non-profits. It allows you to continue taking steps forward as an organization without being road blocked by limited cash flow.
Can I Set Up Net 30 Terms on any Order?
At Merchology, we have a general limit of $5,000 for initial order requests on Net 30 Terms. Additionally, Net 30 terms are not valid for sample orders.
How do I Set Up My Net 30 Account?
Merchology Net 30 customers will need to fill out a Net 30 Terms credit application and provide some additional information such as what products they are looking to order, quantity, value, and end use. We have a general limit of $5,000 for initial order requests on Net 30 Terms. The Merchology Accounting department then reviews accounts based on the above parameters.
Another great option to find out more is to contact us! Before placing your order, reach out so we can walk through the process with you and answer any questions you might have! We want to make sure to find the payment solution that works best for you and your company.
More Questions about Net 30 Terms?
We want to help! Contact our accounting experts to help make sure the set-up process is smooth for your company. We want to build lasting relationships with your brand that make sense for everyone!