Open Account & Term Payment

To streamline business-to-business transactions between corporate buyers and print producers, NowToPrint supports Open Account (Term Payment) terms.

How Open Account Works

The Open Account model allows buyers to settle payments within an agreed credit term after receiving completed orders.

[Buyer Confirms Quote] ➔ [Payment: Select Open Account & Term] ➔ [Producer Open Account Approval] ➔ [Production Starts] ➔ [Settlement upon Term]

1. Payment Terms

During checkout, eligible buyers can select from the following standard payment terms:

• 15 Days Net
• 30 Days Net
• 45 Days Net
• 60 Days Net

2. Credit Limit and Eligibility

• Corporate accounts are assigned a credit limit determined by platform finance.
• If the order amount exceeds the available credit limit, Open Account will be unavailable, and Bank Transfer / EFT should be selected instead.

3. Producer (Print Shop) Confirmation

Orders placed under Open Account do not enter production immediately:

1. The order enters "Awaiting Supplier Confirmation" (awaiting_supplier_confirmation) status.
2. The print producer reviews the buyer profile, order value, and requested payment term.
3. Once approved by the producer, the order moves to production; if rejected, the buyer can switch to an alternative payment method.

Settlement and Payment

• Credit term starts counting from the day the order is successfully delivered.
• Automatic reminders are sent via email and in-app notifications prior to term maturity.
• Payments are remitted to NowToPrint official bank accounts via Bank Transfer / EFT.

Frequently Asked Questions

Can individual buyers use Open Account?

No. Open Account is strictly available to verified corporate companies and agencies.

What happens if the print producer rejects the term request?

The order is not cancelled; it returns to payment selection where the buyer can complete the order via Bank Transfer.

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