Credit Policy
Please visit our parent company, Toolless for more information on custom plastic enclosures.
Because all products manufactured by Plastronic Enclosures, Inc., are custom designed and made to order, we find it necessary to establish credit and payment policies that ensure we do not have to pass on higher prices caused by producing enclosures for which we are unable to sell or receive payment. In our attempt to control these types of costs, we have established credit policies that we believe are disciplined yet flexible enough that any size company can do business with us.
- All new accounts are placed on a Prepaid status until credit is established with our Credit Department. In order to establish credit:
- A company must provide proof of having been in business for at least 2 years. Companies with less than two years of business history are placed on a Prepaid basis for the first 3 purchase orders (call Customer Service for further details).
- An authorized representative from the company must complete our standard credit application and submit it to our credit manager prior to an order being accepted and/or initiated by our engineering or manufacturing group.
- In order to establish credit, an authorized representative from the requesting company must complete our standard credit application and submit it before an order will be accepted.
- If no credit has been established or if a company does not wish to submit a credit application, then payment must be received prior to commencement of any work.
- We accept Mastercard, Visa, and American Express for those companies who wish to pay by credit card.
- all International Orders (excluding Canada) are Prepaid via check drawn on a US bank, wire transfer, or credit card. Additionally, all currency is in US Dollars $.
For those customers who have established credit with PEI, all Design and Engineering charges will be invoiced at the time that the engineering work begins. Set up charges, prototype parts, and production quantities will be invoiced upon shipment of those items.
Lastly, please note that our standard payment policy for credit accounts is F.O.B. Piscataway, NJ, net 30. Any account that becomes delinquent is subject to being placed on credit hold and all future orders may be subject to CIA status until credit can be reestablished.
We trust this subject will not be a concern for your company and that our business relationship will be mutually satisfying and financially rewarding for both of our organizations.
If you have any questions regarding this subject or if you need to speak with someone about establishing credit with Plastronic Enclosures Inc., please do not hesitate to call our Customer Service Department and one of our representatives will be glad to direct your inquiries to the proper individual here.