Reseller payment terms

Refer to the conditions under which a reseller must pay the supplier for the products or services they purchase. These terms usually include the payment due date, the payment method, and any applicable discounts or penalties for late payments. Common payment terms include net 15, net 30, and net 60, which indicate the number of days the reseller has to make the payment after receiving the invoice. Other terms, such as cash on delivery (COD) or advance payment, require immediate payment before the products or services are delivered. The specific payment terms may vary depending on the agreement between the reseller and the supplier.