Does Baling Wire Direct Offer Net 30 Day Payments?
Baling Wire Direct does not typically allow Net 30 day payment terms. We recently implemented a new policy if you are approved for Net 10, Net 15 or Net 30 terms. This includes a pre-authorization (credit card on file). We are authorized to charge the credit card on file the 1st late day +3% processing fee. Our due dates are 30 days from order date (not shipment or delivery).
If you do not want to put a credit card on file and authorize payment, we have implemented a late charge of $100 or 15% of the total invoice, whatever is greater. This late charge compounds and is recurring every 30 days the payment is late.
For instance, if you are 60 days past due, you will receive 15% or $100 late charge in the first month on the total balance plus another 15% or another $100 on the new total balance (whatever is greater).
We understand that all businesses operate on different payment terms and we do our best to accommodate everyone. Please give us a call at (855) 947-3843 or email us at email@example.com if you have additional questions regarding payment terms.