Terms of Payment for Insignia
Walk-in Sandblasting: All walk-in sandblasting must be paid upon pick-up.
All Other Work: A 50% deposit is required before work begins. Balance is due upon completion. Completion date is the day production is complete, not the date that you receive delivery or pick up the project. You may choose to receive your products C.O.D (cash on delivery). A company check, money order or cashiers check for the balance of the invoice plus the applicable C.O.D. fee must be given to the driver (UPS is $10, other shippers will be quoted as needed).
Cash Payment Method: Insignia offers a 4% discount on all cash, check, money order, cashiers check or wire transfer payments.
Credit Card Policy: All credit card payments below $500.00 will be charged IN FULL upon order placement. Invoices over $500.00 may be charged 50% upon order placement and 50% upon completion.
NEW CUSTOMERS: All new customers are required to provide payment as outlined above in the PAYMENT section. After 6 months of establishing an ongoing relationship with Insignia, new customers are eligible for a credit account. No credit will be extended to companies/individuals who have placed less than 6 orders in a 12 month period of time. Credit accounts are opened for those customers who have good credit ratings, satisfactory trade references and respect the agreed upon payment conditions. Before credit terms and a credit limit can be established, a Credit Application Form must be submitted.
EXISTING CUSTOMERS: After establishment of credit terms, all invoices must be paid within 10 days of completion of the project - this is the date that production is complete, not the date on which you pick up or receive delivery of the finished project.
Failure to pay invoices in that time frame will result in the following:
1) A service charge of 1-1/2% per month - 18% annually will be charged on all past due accounts.
2) Insignia reserves the right to terminate all forms of credit terms and require 50% deposit and balance upon completion of products.
3) Establishment of new credit will not be allowed until 1 year of payment as a "new" customer.
4) Attorney fees will be charged in addition to the full amount past due, if incurred to enforce collection.