Terms of offer

Annual Fee

$59 a year

Paying Terms

(a) Terms of payment are net thirty (30) days (subject to credit approval) following the date of invoice (date of shipping), or by letter of credit paid upon submittal of shipping documents, all payable in USD.
(b) Buyer shall not withhold payment of any amounts due and payable by reason of any set-off of any claim or dispute with Seller, whether relating to Seller’s breach, bankruptcy or otherwise.
(c) If Buyer disputes any invoice or portion thereof, it shall notify Seller in writing within fifteen (15) days of receipt of said invoice, detail the reason for the dispute, and pay all undisputed amounts. All charges not timely disputed in writing shall be deemed to be undisputed and shall be due and payable as set forth above.
(d) Buyer shall reimburse Seller for all costs incurred in collecting any late payments, including, without limitation, attorneys’ fees and court costs. In addition to all other remedies available under these Terms and Conditions or at law (which Seller does not waive by the exercise of any rights hereunder), Seller shall be entitled to suspend the delivery of any Products if Buyer fails to pay any amounts when due hereunder and such failure continues for thirty (30) days following written notice thereof.
(e) Upon reasonable request by the Supplier, the Buyer shall provide copies of its most recent audited financial statements or other reasonable evidence of its financial capacity and such other information as Supplier reasonable requests to determine credit status or credits limits.
(g) Buyer shall provide notice within five (5) business days of the occurrence of any event which materially affects Buyer’s ability to perform its obligations under this Agreement including but not limited to: (i) the material default of any supplier or sub-contractor; (ii) labor strike or dispute; or (iii) material uncured default with respect to any debt obligations . (h) Buyer gives consent for automatic subscription renewal to take place on end of date of present subscription . All charges are undisputable.

Balambico, is the issuer of the Balambico Marketplace Net 30 Account feature. To qualify, your business must be registered in the United States or its territories for at least ninety (90) days and have a positive credit rating experience.
In order to help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. This means that we will ask for the Authorized Officer’s name, and other information that will allow us to identify the Authorized Officer when opening an account. In addition, we must obtain the business’s legal name, street address, and taxpayer identification number. We may also ask for the authorized officer driver’s license or other identifying documents and may gather information about you from a vendor, bank, business credit bureau and others, in order to verify your identity and to determine your eligibility for Balambico Marketplace Net 30 Account feature.
If you ask us, we will inform you whether or not we requested a business credit bureau report and the names and addresses of any business credit bureaus that provided us with such information.
You hereby authorize us to share experiential and transactional information regarding your business account with business credit bureaus and other vendors requesting it on your behalf.
To be approved for the Balambico Marketplace Net 30 Account feature, you must meet our qualification criteria. Your credit limit will be determined by a review of your business reports, and in some cases, a review of other financial information we ask your business to provide. You will be informed of the amount of your business credit line when your account is opened. Account users can make purchases up to the limit that is assigned by Balambico. Balambico in its sole discretion extends credit and establishes Net 30 Accounts. Balambico may change the credit limit without prior notice. We may suspend an account or refuse to authorize any transaction at our sole discretion. We do not refund fees at anytime.
Balambico shall use its best efforts to resolve purchase disputes directly with the relevant merchant particularly such disputes arising out of quality or warranty issues. All billed charges must be paid in full regardless of reported disputes. Renewal

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