How Net Invoicing Billing Works

Device Rescue provides Net Terms invoicing for approved businesses, allowing you to make purchases on credit and pay later based on your approved terms. Here’s how it works:

Credit Limit and Approval

• When you apply for Net Terms, we either:
  • Assign a credit limit based on your business profile.
  • Approve your requested credit limit (if deemed reasonable).
• This limit defines the maximum balance you can accumulate before requiring payment.

Invoicing Process

1. Instant Invoice When Credit Limit is Reached

• If your credit limit is reached or exceeded, an invoice is immediately generated for the outstanding balance.
• The invoice will reflect your Net Terms due date (Net 15 or any other terms set for your account).

2. Monthly Auto-Invoicing on the 1st of Each Month

• On the 1st of every month, we will automatically generate an invoice for all pending invoice items, regardless of your credit limit usage.
• This means:
  • Even if you have just $0.01 in pending charges, an invoice will be created under your Net Terms.
  • The invoice will have the standard due date based on your approved terms.

Example Scenarios

Keeping Your Account in Good Standing

• Ensure timely payments to maintain or increase your credit limit.
• Late payments may lead to a reduced credit limit, late fees, reporting to business credit agencies, and/or suspension of Net Terms privileges.

For any billing inquiries, reach out to the Device Rescue Billing Team.