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    cristianofl's Avatar
    cristianofl Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Sep 12, 2009, 08:38 AM
    N30 account
    I sell tools in FL
    One of my big customers, sent me their credit application and credit references and ask me to open an account with at least N30 terms, specifying credit terms, limit and account number...
    I asked to my bank, to the merchant services but they told me that they are not providing this type of service!!
    Who should I ask to?
    Thanks
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Sep 12, 2009, 07:51 PM

    I'm confused over what you are attempting to do. It sounds like you have a customer that you want to extend 30 day credit to, rather than them paying you cash immediately. You're allowed to do that. Why does your bank have any say in the matter? If you want to allow your customer to wait 30 days before paying, you can let them do that. You need to determine if your cash flow will allow for this, and also of course check their credit if you feel that's necessary, but that's your decision.

    Unless I'm completely confused over what you're trying to say.
    cristianofl's Avatar
    cristianofl Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Sep 13, 2009, 08:32 AM

    Yes that is what they asked me
    To open an N30 account
    But what I don't understand is how to give them an account nr. And limit terms...
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