Payment by VISA
Terms and Agreement with Summit Customs Brokers
A 3% disbursement fee will be added on duties, taxes, GST to Customs and any
freight or other payments made on your behalf. If you remit payment by cheque before the end of the
month Summit will deduct the pay disbursements on the duties, taxes and GST
payable to Customs. (The disbursement on freight or other payments will not be
This payment must be received prior to the last business day of the month.
Payment of Invoices by VISA
Summit will fax you a statement several business days prior the end of the month
showing the amount that will be debited to your VISA account. On the last
business day of the month this amount will be debited to your VISA account.
Credit Limit and Interest on Overdue Accounts
If a shipment arrives and the charges for that shipment will put your account
over your credit limit, Summit will fax you a letter indicating that we will be
debiting your VISA account for the amount over your credit limit in increments
of $100.00. Your credit limit will be reviewed periodically to ensure that it is
meeting your needs.
Interest will be charged on all invoices for which payments which we are not
able to process because of VISA credit limits being exceeded or other refusals
by VISA. The rate charged will be one and a half percent (1 1/2%) per month or
eighteen percent (18%) per annum calculated on a daily basis.
NSF Cheques, Disputes, and Statements.
A fee of $50.00 will be charged for all NSF cheques.
If you disagree with the charges on an invoice you must notify Summit
immediately of the disagreement. Our Accounts Receivable department will ensure
that any problems are dealt with upon being notified. They may approve a partial
payment of the invoice until the dispute is settled.
Summit may periodically fax you statements showing your account balance if you
are nearing your credit limit or payment terms.