This content has been marked as final. Show 3 replies
Hello, I sell my products to retailers. What I do is to take a credit card number and charge it when I ship. From talking to several other wholesalers, that is also their procedure as well
Hope this helps, Jim
Hello Milk and Honey.
unless you are dealing with China!so maybe it gives you an edge in negotiating more favourable delivery and payment conditions? sale or returnunlikely but hey, things have changed and it is a new game in some respects. If you are asked for credit card or cash / money up front and you are happy and trust the seller, still turn the screws for a bigger discount, after all, he has your money in the bank whereas you have to sit on stock waiting to liquefy it..... hmmm, maybe i have just mangled the Kink's English there, but you get my point.
You can apply for credit with the company you are dealing with. You might get 30 or 60 days term. Once you are approved, then place the order. Or you pay with credit card when you order, usually don't get a good deal on the prices.
If you buy wholesale, you might need a resale certificate.
Go to original post
Reply to original post
I am opening a store, and I am about to start buying merchandise. I have registered for several trade shows where I can do buying and I was looking for words of wisdom/advice about buying. And one of my major questions is when do I pay for merchandise generally? Is it when I write the order or is it when the merchandise gets delivered. I know that deals can get worked out as far as payments, but I am looking to find out how this typically works.