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Payment Policy

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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 their customers.

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									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
their customers.
                                    Payment Policy Sample

    Policy Number:
    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
      payment terms)
          Who is responsible for payment
          What forms of payment your business accepts (cash, personal checks, debit cards, credit
      cards)
          Your business’ policy regarding nonpayment (i.e. you enlist a collection agency’s help
      when invoices become 30 days overdue)


Sample Policy

    Payment Methods

    Credit Cards

          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.

    Payment Policy

    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.

Disclaimer

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

								
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