USBEXTRA’s previous payment terms were 30 day. We used the credit safe system to vet companies through an online credit check system.
The Creditsafe system offers red, amber and green light when they purchased branded USB drives.
Furthermore, we can discuss with the client re payment terms based on the findings from the Creditsafe online software.
The creditsafe system and its ease of use is fantastic and we would actually recommend it to
any company looking to offer quick credit to businesses. The system is very similar to the
Experian
and Dun & Bradstreet (D & B). Up until 2009, we had very
little issues re non-payment by clients.
After the economic downturn, we began to experience many non-payment and 30 day payment terms turned to 90 days for some clients to make the payment and
some clients not paying at all. The option was maybe to change or at least trial the Experian system that was been offered for free at the time.
We then came across this article in the guardian that stated that the
results been featured by these 3 main business crediting system differed widely
. This was not very helpful to us and to the genuine clients that might be wrongly flagged.
The final solution we came up with was to change our terms to payment before delivery. This means that payment can be received
between order confirmation and the 7-10 days it takes to complete the order. This also helps our cash flow as there’s very very little mark-up in what we do.
The safeguard for clients for customers is that this adapted payment terms from 2011 does not affect consumer rights and any faulty
(we’ve not had any faulty product items in 3 years) can still be returned.
The other positive side is that we’re still offering public organisations (schools, councils, etc.) our 30 day terms after order
confirmation.
We hope that gives confidence as you choose your marketing USB drives. We have a wide variety of promotional USB drives that will totally effect your
marketing and stand you out from the competition. You can view these outstanding products now through the USBEXTRA website.
After locating that unique branded technology product, our friendly and experienced staff will be more than happy to assist in fine tuning these branded
technology products to your marketing requirements. To contact our team, you can use our telephone number +44 11 33 50 50 65 or you can
email us by using sales@usb-extra.co.uk. Our commitment to service means we respond to 90% of
quotes within 15 minutes.
The USBEXTRA blog is the only blog you need for all your promotional USB tips and
information. It is now easier than ever to subscribe to our online blog; you can subscribe viaEmail Subscription or the renowned RSS Feeds systems.
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, Facebook and Google+.
We look forward to seeing you on the cloud.
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