LATE PAYMENT POLICY
Petal & Bloom Tech Marketing
Payment Terms & Late Payment Guidelines
Standard Payment Terms:
Late Payment Consequences:
First Late or Failed Payment:
Second Late Payment:
Third Late Payment:
Collections Process:
Payment Plan Specific Terms:
Account Reinstatement:
Contact Information:
For questions regarding this policy or your account status, please contact us at hello@petalandbloomtechmarketing.com or (208) 515-2110.
This policy is effective immediately and applies to all current and future client agreements.
Petal & Bloom Tech Marketing
Payment Terms & Late Payment Guidelines
Standard Payment Terms:
- All invoices are due upon receipt
- This applies to both full payments and payment plan installments
- Payments can be made via the methods specified in your service agreement
Late Payment Consequences:
First Late or Failed Payment:
- All services are immediately voided and suspended upon any late or failed payment
- A late fee of 5% of the outstanding invoice amount will be applied
- Client will receive a payment notice
- No work will continue until payment is received and account is current
Second Late Payment:
- A late fee of 5% of the outstanding invoice amount will be applied
- All services remain voided until full payment is received
Third Late Payment:
- Upon the third occurrence of a late payment, the entire remaining account balance becomes due immediately in full
- All payment plan arrangements are voided and the full balance is accelerated
- Future services will require payment in advance
Collections Process:
- Any payment that remains outstanding for more than 30 days past the invoice date will automatically be forwarded to our collections agency
- Client will be responsible for all collection costs, including but not limited to collection agency fees, court costs, and reasonable attorney fees
- A collections fee of 25% of the outstanding balance will be added to the total amount due
Payment Plan Specific Terms:
- Missed payment plan installments immediately void all services
- Three late installment payments will result in the acceleration of the entire remaining balance
- Payment plans cannot be reinstated once accelerated due to late payments
Account Reinstatement:
- Accounts sent to collections must be paid in full, including all fees, before any future services can be provided
- Future work will require payment in advance for a minimum of 12 months
Contact Information:
For questions regarding this policy or your account status, please contact us at hello@petalandbloomtechmarketing.com or (208) 515-2110.
This policy is effective immediately and applies to all current and future client agreements.
