Payment by VISA
Terms and Agreement with Summit Customs Brokers

Pay Disbursement

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 deducted.) 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.