Open Account & Term Payment
Open-account payment terms and platform finance credit approval for marketplace orders.
Open account lets an order use agreed credit terms rather than requiring the full payment before production. NowToPrint is the buyer’s counterparty, so platform finance, rather than the print shop, makes the credit decision.
Selecting open account or accepting a quote does not approve credit. The created order must carry a platform finance approval before the payment-side production gate can pass.
How Open Account Works
1. Payment Terms
Check the recorded term and due date for the order. The term model supports an agreed number of days; it does not establish a universal checkout menu of 15, 30, 45 or 60 days. Ask finance to resolve missing or conflicting terms before relying on them.
2. Credit Limit and Eligibility
Credit approval is an order-level platform finance decision. A print shop’s accounts-receivable limit for its own customers is a separate workflow and does not approve a marketplace buyer’s credit. A quote acceptance does not reserve an assumed buyer credit allowance or guarantee eligibility.
3. Platform Finance Confirmation
- The order is created with its payment terms.
- Platform finance reviews and, if appropriate, records the credit approval and agreed term.
- The payment-side release condition is recalculated. File approval, any required proof and production handoff remain separate requirements.
The order may show an outstanding balance even after credit approval. Approval permits production under the recorded credit terms; it does not record money received or start manufacturing automatically.
Settlement and Payment
- Use the order’s recorded due date and confirmed instructions. The current order-creation flow calculates the initial due date from its creation/acceptance timestamp and recorded term. Confirm any different agreed anchor with finance; do not assume the term starts at delivery.
- Do not rely on automatic reminders as your payment calendar.
- Follow the verified payment instructions and report payments for reconciliation. Only verified payment entries reduce the outstanding balance.
Frequently Asked Questions
Can every buyer use Open Account?
No automatic entitlement follows from an account type or a quote. Confirm eligibility and terms with platform finance.
What happens if credit is not approved?
Production remains blocked on the payment side. Contact finance to resolve the terms or agree another method. Do not assume that the order is cancelled or that the screen automatically switches methods.
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