R. Reliable Notaries
Net-30 Client Members
Net 30 Payment Option
We’re delighted to provide you with Net 30 payment options. With Net 30 terms, you have 30 days to settle your invoices, allowing for flexibility and convenience.
Whether you’re a small business or part of a large organization, our streamlined process ensures that you can manage your payments efficiently while reaping the benefits of good credit history reporting to the major credit agencies.
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How Does it Work?
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Invoice Date: You receive an invoice from R. Reliable Notaries on May 1 with Net 30 terms once services are rendered.
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Payment Due Date: The payment would be due on May 31 (30 days after the invoice date).
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All invoices are reported on a RRN line of credit to Equifax, Experian, and TransUnion as a grand total amount to be paid within the 30 days allotted.
Learn More
Building Financial Trust
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Visibility and Trust: Being part of a reputable net30 trade line reporting program like R. Reliable Notaries signals trustworthiness to potential clients, partners, and investors. It showcases responsible financial practices and commitment to honoring payment obligations.
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Enhanced Business Credit: By participating in the net30 trade line reporting program, businesses can establish a positive credit history. Timely payments on net30 accounts contribute to a strong credit profile, which can be crucial for securing loans, favorable terms, and business growth.
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Improved Cash Flow Management: Net30 trade lines allow businesses to extend payment terms to 30 days, providing more flexibility in managing cash flow. This can be especially beneficial for small businesses or startups that need to balance expenses and revenue effectively.
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Positive Impact on Credit Scores: Consistently reporting net30 payments to credit bureaus positively influences a business’s credit scores. Higher credit scores enhance credibility, making it easier to access financing, negotiate better rates, and attract potential partners or investors.
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Credit References for New Vendors: When businesses apply for credit with new vendors, having a net30 trade line history serves as a valuable credit reference. It demonstrates reliability and financial responsibility, increasing the likelihood of favorable credit terms with other suppliers.
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Remember, timely payments and accurate reporting contributes to a healthy credit profile. Small businesses benefit from this positive cycle, gaining access to better financing options and growth opportunities.
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Trade Line Credit Options
Trade line Credit Limit
$9,000
Credit Limit
Requirements
10 invoices per week
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Requires an order minimum of 10 invoices per week (or 40 invoiced orders per month).
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50% of the required minimum orders per month must be met each month in order to hold this credit limit.
Requirements
Penalty Charges
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$180 Penalty fee (2% interest) if minimum requirement is not met.
$15,000
Credit Limit
20 invoices per week
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Requires an order minimum of 20 invoices per week (or 80 invoiced orders per month).
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50% of the required minimum orders per month must be met each month in order to hold this credit limit.
Penalty Charges
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$300 Penalty fee (2% interest) if minimum requirement is not met.
$35,000
Credit Limit
40 invoices per week
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Requires an order minimum of 40 invoices per week (or 160 invoiced orders per month).
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50% of the required minimum orders per month must be met each month in order to hold this credit limit.
Penalty Charges
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$700 Penalty fee (2% interest) if minimum requirement is not met.
$64,000
Credit Limit
80 invoices per week
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Requires an order minimum of 80 invoices per week (or 320 invoiced orders per month).
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50% of the required minimum orders per month must be met each month in order to hold this credit limit.
Penalty Charges
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$1,280 Penalty fee (2% interest) if minimum requirement is not met.
$0.00
Tradeline
0 invoice requirements per week
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Access to net30 payment option without a credit line.
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Requires an order minimum of 0 invoices per month.
Penalty Charges
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None
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Past due invoices will be reported to the 3 major credit bureaus.
NOTE:
Only past due invoices on tradeline accounts will be reported to the credit bureaus.
Net30 Terms & Conditions
Introduction
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This agreement outlines the standard terms and conditions that are required to be held between R. Reliable Notaries (hereinafter referred to as “we,” “us,” or “our”) and the Buyer (hereinafter referred to as “you” or “your”) regarding payment terms for goods or services provided. By accepting Net 30 payment terms, you will be agreeing to comply with the following conditions held by these terms.
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Net 30 Payment Definition
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Net 30: Payment is due within 30 days from the invoice date.
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1. Invoice and Payment Process
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Upon completion of the services provided, we will issue an invoice.
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You are required to make payment within 30 days from the invoice date.
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Late payments may incur additional charges or interest as specified in Section 4.
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2. Late Payment Charges
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If payment is not received within the specified timeframe:
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A late payment fee of 19% may apply on the 35th day of being overdue.
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Interest may accrue at a rate of 19% per month on the outstanding balance.
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Account Freeze:
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After 60 days of being overdue, your account will be temporarily frozen. During this period, you will not be able to access our services.​
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Account Termination:
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If the invoice remains unpaid for 4 months, your account will be terminated, and all associated services will be discontinued.​
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All Interest penalty charges will be waived if account is settled before the 60th day of being overdue.
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3. Payment Methods
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We accept the following payment methods:
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Bank Transfer: Details will be provided on the invoice.
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Check: Make payable to [R. Reliable Notaries].
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Credit Card: Online payment portal available on our website.
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Electronic Funds Transfer (EFT): Account details provided upon request.
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4. Disputes and Queries
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If you have any disputes or queries related to the invoice, contact our accounts department promptly.
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Disputes should be raised within 7 days of receiving the invoice.
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5. Credit Approval
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Net 30 terms are subject to credit approval.
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We reserve the right to modify or revoke Net 30 terms based on creditworthiness.
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6. Confidentiality
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All financial information exchanged during the payment process is confidential and shall not be disclosed to third parties.
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7. Governing Law
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These terms and conditions shall be governed by the laws of the state/country where the Seller is based.
Key Features
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Credit Building: Reports to major credit bureaus, helping businesses build their credit profile.
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Payment Flexibility: Offers net30 payment terms, giving businesses a 30-day period to manage finances before payment is due.
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Cash Flow Management: Assists in better cash flow management by allowing businesses to defer payments.
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Easy Approval: Simplified approval process for businesses to get started with the program.
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Diverse Vendor Reporting: Includes a variety of vendors that report to credit bureaus, providing a comprehensive credit-building opportunity.
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No Interest Charges: No interest charged on purchases within the net30 term, reducing costs for businesses.
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Credit Score Improvement: Potential to improve business credit scores through consistent and timely payments.
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Credit Reference: Acts as a credit reference for businesses when applying for new credit lines or vendor terms.
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Financial Credibility: Enhances a business’s financial credibility with suppliers and lenders.
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Access to Larger Credit Lines: Establishing a solid payment history can lead to access to larger credit lines and better financing options.
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These features are designed to support businesses in establishing and maintaining a healthy financial status, which is crucial for long-term success and growth with other lending companies.
