Products tagged with 'trade credit form'

Give your customers the option to purchase goods on instalment payments with this template Lay-By Agreement for Australia and New Zealand.

• The customer can pay for the goods over time, and take possession when all payments have been made. This method of purchasing is also known as layaway.
• The seller has the right to terminate the Agreement if the customer misses a payment, or if a payment cannot be processed due to some fault of the customer.
• If the customer cancels, the seller will charge a cancellation fee to cover its reasonable costs, such as storage, depreciation, and administrative costs.
• There is a 1-week grace period granted to the customer to decide whether to proceed with the purchase or cancel the Agreement.
• This Agreement can be used in both Australia and New Zealand.

Notify a credit card transaction processor of a cash advance made to a merchant against its credit card receivables with this template Merchant Cash Advance Letter to Credit Card Processor.

• The letter should also be sent to the credit card issuer.
• The letter sets out the details of the merchant's agreement with the cash advance lender, and instructs the processor to pay a percentage of the credit card receipts to the lender until further written notice is given by the lender and the merchant. All amounts in excess of that percentage will continue to be paid to the merchant.
• The lender's rights under the merchant cash advance agreement are subject to the rights of the credit card processor and the bank.
• The lender and the merchant indemnify and hold harmless the bank and the credit card processor against any claims, losses or liability whatsoever arising from any action taken by the bank or the processor under the terms of the letter.
• This USA Merchant Cash Advance Letter to Credit Card Processor is a downloadable and fully editable Microsoft Word template.

Set up pre-authorized payments by direct debit from a customer's bank account with this Authorization Form, for Canadian merchants and financial institutions.

• The payments will be processed in accordance with the Rules of the Canadian Payments Association.
• This form can be used for regular payments on a mortgage or loan, insurance premiums, investments, pension plan contributions, or payments on a customer's account.
• The authorization can be revoked at any time, but the revocation does not alter the customer's obligations to make payments.
• Includes instructions for the procedure by which the customer can dispute a payment that has been improperly withdrawn.

Payments by pre-authorized debit are easier for both the customer and the creditor. Download the Authorization Form template for your customers.

Make a cash advance to a US merchant against its future credit card receivables with this template USA Merchant Cash Advance Agreement.

• The merchant sells to the cash advance company all of its right in a percentage of its future credit card sales for an immediate cash injection, until a specified amount has been paid.
• The purchase and sale of the credit card receivables constitutes a sale of accounts under the Uniform Commercial Code, which vests full ownership in the cash advance company. The merchant has no right to repurchase or resell the receivables.
• The merchant will authorize the credit card company to pay the credit card sales directly to the cash advance company until the specified amount is paid.
• The merchant also grants the cash advance company a security interest in its accounts, inventory, assets, property, all future receivables, and the proceeds thereof.
• The agreement also contains a Personal Guaranty form, to be given by the principal(s) of the merchant, who agree(s) to assume all of the merchant's obligations under the agreement.
• This template is a downloadable and fully editable Microsoft Word document.
• Intended to be used only in the United States.

Does your firm make cash advances to merchants against future credit card receivables? Sign up clients with this Merchant Cash Advance Application Form for the USA.

• The information required in the 3-page application form includes:
  • information about the merchant's business,
  • information about the owners of the business,
  • financial and sales information,
  • disclosure about liens, lawsuits or judgments against the business.
• This is a downloadable and fully editable Microsoft Word document. Buy the form once, use it as often as required.
• Intended for use in the United States only.

If you sell inventory on credit to your customers, secure payment for the goods with this Canada Purchase Money Security Agreement.

• The supplier (as secured party) agrees to extend credit to the customer (as debtor) for the purchase of inventory, in exchange for a purchase money security interest in all of the debtor's present and future inventory and proceeds.
• The term 'proceeds' includes cash and non-cash proceeds, such as accounts, contract rights, and chattel paper.
• The debtor cannot sell or transfer any of the collateral except in the ordinary course of business, and the customer must hold the proceeds of the sale in trust for the secured party.
• The secured party has the right to take possession of the collateral if the debtor fails to make payment or defaults under the terms of the Agreement.
• The Purchase Money Inventory Security Agreement gives Canadian suppliers a more secure method of selling goods on credit. It can be used in any province that has Personal Property Security Act legislation.