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Website Features Guide: Net 30 Terms

Table of Contents

Description

Net 30 Terms is a payment option that lets you place purchases now and pay in thirty days. By signing up for Net 30 Terms, you and your company’s subaccount users will be given a shared credit line with no annual fee. This Website Features Guide provides information on how to sign up for and manage a Net 30 Terms account.

Features Overview

Applying for a Net 30 Terms Account

Fill out the Net 30 Terms application. Please note that you must be the primary account holder in order to apply.

Invoices

With a NeweggBusiness Net 30 Terms account, you are issued an invoice after you place an order, which becomes due after 30 days. In the account management portal, you can filter by recent invoices, all open invoices, past-due invoices, and unapplied credits. Below, we have included a description of each element found in an invoice.

A: Original invoice date G: Notes left by purchaser
B: Invoice due date H: Unpaid balance remaining
C: Purchaser’s name I: Number of days invoice is past due
D: Invoice number, with download link J: Related invoice numbers, (Ex. refunds, credits, exchanges, and etc.)
E: PO number or reference number inputted by purchaser K: Invoice status
F: Invoice amount L: Payment status indicator

Contact Information

The Net 30 Terms program requires you to designate a single primary contact and primary physical mailing address to receive invoices. In addition, up to five e-mail addresses can be chosen to receive invoice e-mails. This information can be updated at any time on your Net Terms Account Management page. Please see the How-to-Use section below for instructions.

How-to-Use

Pay an Invoice

  1. Pay your invoice by check or wire transfer.

    Check

    Send to:
    Newegg Business, Inc.
    Attention: Accounts Receivable
    17560 Rowland St.
    City of Industry, CA 91748

    Please make the check payable to Newegg Business Inc

    Wire Transfer

    Beneficiary: NeweggBusiness Inc
    Account Number: 804-500-3673
    Wire & ACH Routing Number: 322-070-381
    Swift Number: EWBKUS66XXX

    Address:
    17560 Rowland St.
    City of Industry, CA 91748

    Bank:
    East West Bank
    135 N. Los Robles Ave., Suite 600
    Pasadena, CA 91101

  2. After payment has been sent, update the payment status on the Net 30 Terms Account Management page.
    1. Log on to your NeweggBusiness account.
    2. Go to your My Account page by clicking the button at the top right.
    3. Click on Account Invoices in the Net 30 Terms Account section.
    4. Find the invoice that you sent payment for and click the icon marking the payment as sent.

Request a Credit Line Increase

  1. Log into your NeweggBusiness account and navigate to your My Account page.
  2. Click on Account Invoices in the Net 30 Terms Account section.
  3. Open the Request credit line increase link.
  4. Fill out the Request Credit Line Increase form and click the Submit Request button.

Apply Credits to Unpaid Invoices

To apply a credited amount to an unpaid invoice, please contact Accounts Receivable at accounting@neweggbusiness.com.

Update the Primary Billing Contact

  1. Log into your NeweggBusiness account and navigate to your My Account page.
  2. Click on Primary Billing Content in the Net 30 Terms Account section.
  3. Enter the new contact in the fields and click Update Billing Contact.

Update Invoice Mailing Address

  1. Log into your NeweggBusiness account and navigate to your My Account page.
  2. Click on Invoice Mailing Address in the Net 30 Terms Account section.
  3. Enter the new information and click Update Mailing Contact.

Update List of E-mail Recipients

  1. Log into your NeweggBusiness account and navigate to your My Account page.
  2. Click on Invoice E-mail Recipients in the Net 30 Terms Account section.
  3. Enter the updated information in the field(s) and click Update E-mails.
Updated on September 10, 2018

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