Payment Policy

Effective Date: June 15, 2024

At Gofitstrength, operated by Yiwu Paina Import and Export Co., Ltd., we are committed to providing our business clients with clear and concise payment terms. This Payment Policy outlines the accepted methods of payment, payment terms, and the responsibilities of both parties involved in transactions on our B2B platform.

Accepted Methods of Payment

  • Bank Transfers: We accept payments via bank wire transfers. All necessary bank details will be provided upon order confirmation.
  • Credit Cards:We accept all major credit cards such as Visa, MasterCard and American Express.
  • Online Payment Gateways: Payments can also be made through secure online payment platforms such as PayPal or Stripe. Specific details will be provided during the checkout process.

Payment Terms

  • Net Terms:For qualified businesses, we offer net payment terms (e.g., Net 30, Net 60). This means the invoice must be paid in full within 30 or 60 days from the invoice date.
  • Advance Payment:Some orders may require payment in advance, especially for custom or large-scale orders. This will be clearly communicated during the sales process.
  • Deposits:A deposit may be required for bulk orders or special items, typically amounting to 50% of the total order cost, with the remainder due upon delivery.

Late Payment

  • Late Payment Charges: If a payment is not received by the due date, a late fee of 1.5% per month on the outstanding balance may be applied.
  • Collection:Unpaid invoices may be sent to collections if they remain unpaid for more than 90 days past the due date. All associated collection or legal fees will be the responsibility of the customer.

Currency

  • Currency: All prices and transactions are conducted in U.S. dollars (USD) unless otherwise specified.

Tax Compliance

  • Sales Tax: Applicable sales tax will be added to the invoice in compliance with local and state regulations based on the delivery address.
  • Customs and Duties: For international shipments, customers are responsible for all customs duties and import taxes, which are not included in our prices.

Billing Information

  • Invoices:An invoice will be issued after the order is confirmed and will include a detailed breakdown of costs for products, taxes, and any applicable shipping charges.
  • Billing Discrepancies:Any billing errors should be reported to our customer service team within 10 days of the invoice date for correction.

Refunds and Credits

  • Overpayments:Any overpayments will be addressed by issuing a credit to the customer account or by refunding the amount directly, depending on the customer’s preference.
  • Product Returns: Refunds for returned products are processed according to our Return Policy.