(929) 463-1747
NET Terms Policies
EWARE Technologies, a U.S.-based company, offers flexible payment terms to enhance customer convenience and support long-term partnerships. This policy outlines the terms and conditions for Net 30 and Net 15 payment options available to our clients.
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1. Net 30 Payment Terms
Under our Net 30 payment terms, the customer is obligated to make full payment for the invoice within 30 calendar days from the invoice date. This option is designed for customers seeking additional time to organize payments, allowing for smoother cash flow management.
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2.1 Eligibility
Net 30 terms are available to customers upon credit approval. New customers may be required to complete an application and provide references. EWARE Technologies reserves the right to review and approve credit applications before extending Net 30 payment terms.
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2.2 Invoicing and Payment
Invoices under Net 30 terms must be paid in full within 30 days of the invoice date. Payments may be made via electronic bank transfer, check, or any other approved payment method. If payments are delayed beyond the 30-day period, EWARE Technologies reserves the right to charge a late payment fee of 1.5% per month on overdue balances.
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3. Net 15 Payment Terms
For customers requiring a shorter credit period, EWARE Technologies also offers Net 15 payment terms. Under this plan, customers are required to make full payment within 15 calendar days from the invoice date.
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3.1 Eligibility
Net 15 terms are available to qualified customers based on account history and creditworthiness. Customers applying for Net 15 terms may need to undergo a credit review process, as determined by EWARE Technologies.
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3.2 Invoicing and Payment
Invoices under Net 15 terms must be paid within 15 days of the invoice date. Payments can be made using the same methods as outlined for Net 30 terms. A late fee of 1.5% per month may be applied to any overdue balances.
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4. Payment Methods
EWARE Technologies accepts the following payment methods for both Net 30 and Net 15 invoices:
Bank Transfer (ACH/Wire)
Checks
Credit/Debit Cards (may incur a processing fee)
5. Consequences of Late Payment
In cases where payments are not received within the specified period (either Net 30 or Net 15):
A late fee of 1.5% per month on the outstanding balance will be applied.
Continued failure to pay may result in account suspension or a transition to pre-payment terms.
EWARE Technologies reserves the right to initiate collection procedures if payments are significantly overdue.
6. Dispute Resolution
If a customer disputes an invoice, the customer must notify EWARE Technologies in writing within 5 business days of receiving the invoice. We are committed to working with our customers to resolve disputes promptly.
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7. Changes to Payment Terms
EWARE Technologies reserves the right to adjust or terminate payment terms based on account performance, customer history, and changes in creditworthiness. Customers will be notified in advance of any changes to their payment terms.
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8. Contact Information
For any questions regarding payment terms, invoices, or account status, customers may contact the Accounts Receivable department:
Email: Sales@ewaretech.com
Phone: 929 463 1747
9. Governing Law
This Net Term Policy shall be governed by and construed in accordance with the laws of the United States and the State in which EWARE Technologies operates.