Payment terms

Each customer can have its own payment terms on their order confirmation/invoice.

Payment terms Wholesale eCommerce

How to create ​ Payment terms

1. Navigate to your iStockist's store URL and login to your seller account using your email and password;
2. Click 'Account settings'  icon (cog) at the header;
3. On the left side menu click  'Payment terms'  and click the blue plus button to add a new one;
4. Enter how many days after order is placed the term will be applied, and other details;
5. Click 'Dashboard'  at the header;
6. On the left vertical tabs click  'Customers';
7. Select the desired customer and set the correct payment term.

There's a few different ways the payment terms can be calculated.

• Days after the date of invoice: If you put 30 days, due date will be 30 days after the date order was placed.
• Days after the end of MOI: If you put 5 days, due date will be the 5th of the next month, after order was placed.
• Before the end of the month following MOI: If you put 5 days, due date will be 5 days before the end of the next month, after order was placed.

*MOI (Month of Invoice)