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Payment Terms and Conditions
US $ Funds.
We are a true small business, HubZone Certified, that has been in business
since 1989 and we know how hard the money is to keep. Do you have more
money than the Banks? We don't. We would rather keep the money
but we would rather give it to you than them.
Check and Money Orders: Send with your order.
Cashier's Check and Money Orders: Because of Fraud, the bank hold these funds
for Three (3) banking business days.
Company and Personal Checks: The banks holds these funds for Ten (10)
banking business days.
Bank Wire: We will send you the required bank information with your
sales contract. Immediate access.
The bank wire, cashiers/company check has been NO
problem. Like always and with all of us, either you have it or you do not.
January 2008 - April 2008: Extreme Credit Card Charge Backs by New
Clients who did receive their merchandise. Absolutely NO support from
our merchant provider, AMEX, VISA or our bank at that time. Because of
the support of our credit card vendors We will NEVER again accept credit
cards. PayPal processes credit cards so they are also out.
Net Terms: I could sell lots of batteries on net
terms but when it is not paid, which was the norm, it was a lost sale
and lost inventory. I am still trying to collect from a $1,400.00 PAG
Pulsar from March 2008. He wanted to "try it" first. My policy was NO,
but the girls shipped it anyway.
Credit Cards: I lost $14,000.00 in Charge Back money,
$1,400.00 in related NSF's, the inventory and labor in the 1st quarter
of 2008.
As I said, the economic events were already showing
themselves before it hit the news. Today, most of my client base has a
combination of reduced credit lines, increased interest rates, and cut
credit lines. So, their credit cards are of little effect. Besides,
AMEX, MC/VISA, and PayPal took up to 5% off the top, including freight
charges.
For the cash paying client who did not plan ahead,
this may hurt somewhat but they cannot ignore Rathbone upgrade
quality for generic pricing.
For the cash paying client who has planned ahead, it
has not been an issue anyway PLUS they get Rathbone upgrade quality for
generic pricing.
For Both, the client who has not planned ahead and
the one who did plan ahead, This is the reason for the second "WHY I am
supplying my circuit guts and the Best Available Panasonic, Sanyo, and
LG lithium ion battery cells for the price of generic packs and "Brand
Name" Economy and Chinese Cells.
You get my quality for a price lower than the cheap
stuff. My margins are extremely low.
VERY IMPORTANT PDF FILES AND WEB PAGES:
Disclaimers.pdf (Required to complete any
order. NO EXCEPTIONS)
Turn-around (So you will realize that we have a genuine commitment
but Life happens)
W9
03-17-2008: We had a problem with less than stand up clients in 1 the
early 90's recession. We have recently had a much larger problem with
less than stand up clients in the current Depression. The above
paperwork is because of a few of your colleagues and I cannot request of one
and not all.
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CREDIT CARD CHARGE BACKS:
CREDIT CARD CHARGE BACKS ARE IN EFFECT A NON SUFFICIENT FUNDS CHECK:
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AMEX, MASTER
CARD, and VISA WILL CHARGE YOU EXPENSIVE FEES FOR FRIVOLOUS CREDIT CARD
CHARGE BACKS.
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We make every effort to make all clients aware that even though we
immediately start the work on your custom manufactured battery packs
there is always the potential for unforeseen delays. Very, very
occasionally a client will threaten a chargeback if he / she is not
placed in front of others or we cannot perform magic and blow away
unforeseen events. Actually, most of these very few are simply denying
delivery and attempting to get free merchandise.
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Charge
backs were an issue in the 1994 recession and are now again in 2008
becoming an issue that must be controlled. Charge backs effect our
business in a very, very negative manner and can disable us from doing
business.
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What Could
Other Fees cause:
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Suppose
your chargeback caused one of our credit card payments to bounce and
our credit card issuer raised our interest fees.
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Suppose
your chargeback caused one of our vendor checks to bounce and we
then had to start prepaying $5,000.00 to $10,000.00 per order for
our inventory.
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Someone
else has to wait longer on their battery pack because you
interrupted the financial flow of inventory
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Any
client may send personal or company check before
their product is placed in line for the custom manufacture rebuilding or
recelling procedure. We continued to be stolen from, received no
support from the merchant providers, and were forced to stop accepting credit card payments all together.
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Delivery Signature
IS required.
for Zip Code Referencing.
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can quickly sign up now.
Old Dominion
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