Net terms is a set period, starting when payment for a purchase is processed, during which payment is not due. All customers who purchase with Fundbox get net terms. Most vendors offer net-60 terms, though this may vary.
Purchasing with net terms is free: The amount due at the end of the net terms is exactly the same as the amount of the original purchase.
Accepting payment with Fundbox includes an interchange fee, similar to accepting payment with any major credit card. When a vendor accepts the Fundbox payment method, Fundbox sends funds to the vendor within 2 business days of the customer making a purchase, while the customer only pays Fundbox when their net terms end.