PAYMENT & INVOICE TERMS
Customers will be charged the prices reflected on www.rationalretail.co or applicable promotional flyers. You may also place your orders at www.rationalretail.co as well.
Shipments, including first-time orders, cannot be released until the Customer provides the following:
The customer will pay all invoices pursuant to the payment terms established for the Customer\’s account by Rational Retail\’s Credit Team and will be subject to the following:
The customer must allow two weeks for the processing of all credit applications.
All payments will be in U.S. Dollars.
C.O.D. certified funds are accepted via bank-issued cashier\’s check or money order. Fulfillment and special order items are not available to Customers under these payment terms.
C.O.D. company checks are accepted pending approval of a completed and signed credit application.
COMPANY CHECKS ARE NOT ACCEPTED WITHOUT CREDIT APPROVAL.
Net terms are available pending approval of the Customer\’s completed and signed credit application. For higher net term limits, Customer\’s current financial statements are required. All net terms are calculated from the invoice date, which will be the date of shipment.
A 1.5% monthly finance charge will be added to all past-due invoices.
Rational Retail reserves the right to hold all shipments on any Customer\’s account that becomes delinquent without authorization or liability for fees, chargebacks, and/or penalties.
Should Customer\’s account become delinquent, Rational Retail reserves the right to change the terms on the account to C.O.D. or prepaid terms. Such an account may also be sent for collections, and the Customer is responsible for all collection charges and attorney fees.
Major credit cards are accepted, including Visa, MasterCard, Discover, and American Express. Such credit terms require a signed Credit Card Authorization on file and will only be accepted by persons authorized by the cardholder to place such orders. Customers may use a debit card; however, the use of a debit card may subject the Customer to an authorization hold placed by the financial institution issuing the debit card. The release of any authorization hold is a matter between Customer and Customer\’s financial institution. The customer is responsible for understanding its particular financial institution policies regarding authorization holds and the specific effects on the Customer\’s financials. Rational Retail will not be responsible for any fees or charges incurred as a result of the Customer\’s use of a debit card and any resulting authorization hold.
EFT and wire transfers are accepted. Rational Retail\’s Credit Team may be contacted at 512-333-1223 for instructions. A $25.00 returned check charge will be assessed for any check returned for any reason.
In addition to other rights provided by Rational Retail\’s Standard Terms and Conditions or by law, Rational Retail reserves the right to cancel at any time without the Customer\’s authorization and without any liability, charge, cost or expense to Rational Retail, any unshipped purchase order, or portion thereof, should Customer become delinquent on its payment terms. Rational Retail may based on the circumstances known at the time of nonpayment, contact Customer prior to suspension of shipments; however, this contact will be at Rational Retail\’s sole discretion and is not a guarantee or requirement that such will occur prior to the cancelation of purchase orders due to a delinquent account.
Any credit issued to the Customer’s account will expire 12 months from the date of issue. In the use/application of credits to the Customer’s balance, Rational Retail will apply for the credits with the oldest issue date first.
