Net 60 terms are a payment option that allows customers to pay for their orders within 60 days of the invoice date. This article explains how Net 60 terms work, the impact of order cancellations, and the conditions for using these terms during the application process.

Net 60 terms provide flexibility by giving customers up to 60 days to settle their invoices. This payment option is particularly useful for managing cash flow and aligning payments with revenue cycles.

If an order placed under Net 60 terms is canceled while it is still pending, no charge will be processed for that order. This means that your available Net 60 terms remain unaffected by the cancellation. You can continue to use your Net 60 balance for other purchases without any interruptions.

Net 60 terms become available only after your application has been approved. If your application is still under review, you will not be able to use Net 60 terms immediately. However, you may use Net 30 terms as an alternative during the review period. Once your application is approved, you can start using Net 60 terms for eligible purchases. By understanding these guidelines, you can effectively manage your payment terms and avoid any disruptions in your purchasing process.