Can I pay before net terms end?

We offer two services, a revolving line of credit and net terms on business purchases. This article applies to the net terms service.

 

Yes. You can schedule a payment for the full amount due to be debited before net terms end. If you do this before 10am PST on a Wednesday, the debit should go through that Wednesday, though it may take about 2 business days to appear in your account. After 10am PST on Wednesday, it will be debited the following Wednesday.

Manually

To pay manually, simply find the invoice you would like to pay off in the Payments area of your dashboard and click on “Review to Pay in Full”.

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Review the details of the order and click on the button to confirm that you would like to pay off this invoice early.

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Note: The outstanding balance will be added to your next regularly scheduled automatic debit, which is the upcoming Wednesday. The debit will not be immediate.

Within 3 business days of a debit clearing, your limit will go back up and you can use that amount to get net terms on more business purchases.

 

Automatically

Some accounts have an autopay option. If you see autopay, you can turn it on from your dashboard and we'll debit the total amount due automatically, as soon as your net terms end. You will also have the option to turn on autopay when you accept a request for payment  from a vendor.

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If autopay is turned on and there are not enough funds in your business checking account to cover the debit, you'll need to give us a call to get back on track. You can change your mind and turn autopay back off anytime before the debit is processed, when net terms end.

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