This Payment Policy is used by a company to ensure that its customers and clients
understand their payment obligations. This document contains general information as
well as a sample payment policy. The payment policy includes information regarding
acceptable payment methods, when payment is due, and provisions regarding
nonpayment. It may be customized to reflect a company's specific policy. This
document should be used by small businesses and other companies and provided to
Payment Policy Sample
Approved By: Date Issued:
Revised By: Last Revision:
Payment policies are essential to ensuring customers and clients understand their obligations.
Without a clear payment policy, expect to have extensive accounts receivables, collections and
write-offs. You can avoid many headaches and uncomfortable situations by outlining several key
pieces of information.
When payment is due (usually the date of sale service, but possibly NET 15 or NET 30
Who is responsible for payment
What forms of payment your business accepts (cash, personal checks, debit cards, credit
Your business’ policy regarding nonpayment (i.e. you enlist a collection agency’s help
when invoices become 30 days overdue)
ACO accepts: Visa, MasterCard and Discover cards
Money Orders and Checks
We can accept checks only through our online PayPal account.
We cannot accept checks or money orders any other way.
As consideration for the Service(s), you agree to pay ___________________ the applicable
Service(s) fees set forth on our Web site at the time you request the Service from us. All fees are
© Copyright 2011 Docstoc Inc. 2
due immediately and are non-refundable, except as otherwise expressly noted in one or more of
the below sections. We reserve the right not to accept payment by check or cash.
In the event of a charge back by a credit card company or similar action by another payment
provider allowed by us, or other non-payment by you in connection with Service(s), you
acknowledge and agree that the Service for which such fee has not been paid may be suspended,
canceled or terminated, at _______’s sole discretion. We will reinstate any such Service solely at
our discretion, and subject to our receipt of the applicable fee plus fees incurred by ___________
in relation to your registration.
ALL FEES ARE NON-REFUNDABLE, IN WHOLE OR IN PART, EVEN IF YOUR
SERVICE IS SUSPENDED, CANCELED OR TRANSFERRED PRIOR TO THE END OF
THE THEN-CURRENT SERVICE TERM. ___________ reserves the right to change fees,
surcharges, renewal fees or to institute new fees at any time, for any reason, at its sole discretion,
without prior notice to you.
ACO reserves the right to change its policies and procedures in regards to payments and payment
disputes at it’s discretion without formal notification. If you have further questions about our
payment policies please contact us at
© Copyright 2011 Docstoc Inc. 3
INFORMATION AND FORMS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND
INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS
FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL DOCSTOC, INC., OR ITS AGENTS, OFFICERS, ATTORNEYS,
ETC., BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF
PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE
THE MATERIALS, EVEN IF DOCSTOC HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. They are for
guidance and should be modified by you or your attorney to meet your specific needs and the laws of your state or jurisdiction. Use at
your own risk. Docstoc® is NOT providing legal or any other kind of advice and is not creating or entering into an Attorney-Client
relationship. The information, reports, and forms are not a substitute for the advice of your own attorney. The law is a personal matter
and no general information or forms or like the kind Docstoc provides can always correctly fit every circumstance.
Note: Carefully read and follow the Instructions and Comments contained in this document for your customization to suit your specific
circumstances and requirements. You will want to delete the Instructions and Comments from open bracket (“[“) to close bracket (“]”)
after reading and following them. You (or your attorney) may want to make additional modifications to meet your specific needs and the
laws of your state. The Instructions and Comments are not a substitute for the advice of your own attorney.
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