CREDIT TERMS PAYMENTS
The following serves to inform our clients of specific information and rights related to productions as outlined in GROUP AMC Inc's, "Production Services Agreement." In the absence of a formal Agreement, these policies will apply to all projects.
We are proud of our credit rating with our vendors and in order to secure that special favor when it's needed or the best pricing for your project, we pay our bills quickly. Since we're not a bank, we ask that you honor our terms in order to meet our company obligations.
- INVOICES are due upon receipt by the client and PAST DUE after 7 days.
- A service charge of 1 1/2% per month may be added to outstanding past due invoice amounts.
- Legal ownership of all materials remains the property of PS/A until payment in full has been received and credited to an account.
- Any and all attorney fees, collection and court costs, fees and interest (service charge) will be added to current balances should collection be required. NOTE: Should collection be required, collection costs and fees could exceed 30% of the total current balance due and will be added to final invoices. During any collection process, interest charges will continue to accrue.
CREDIT & PAYMENT POLICIES:Many projects require a longer work time period and use of resources. With this thought in mind, we developed these policies as a standard for doing business for us and for our valued clients.
DEPOSITS:Each project may require a deposit. We start spending money as a new project is initiated with things like graphics design, materials, reserving of special equipment or locations. This deposit is in the range of 50% depending on the project, a client's payment history, certain special requirements etc. NOTE: If a deposit is required, no work will begin until the deposit is received. A regular invoice for the deposit will be generated and credited as such on the final billing.
INTERIM PAYMENTS:Many times during a project, special elements are required or added. These may include video/audio/talent requirements, special equipment, animation or music elements etc. In this case, an interim payment may be required as we may pay these expenses long before the end of your production.
BALANCE DUE:Once a project is done and final approval has been given by the client, we create an invoice. This invoice may be due upon delivery of the final product or billed for payment - depending on the project and the client. Invoices are DUE UPON RECEIPT and PAST DUE AFTER 7 DAYS. PS/A maintains a superior payment record with our vendors and team. This is important to obtain special support on your project. To do this we pay our people immediately upon completion of a project. PS/A is not a bank and as such does not carry open accounts. If a project is long term or other special arrangements have been made "in advance," payment terms may be available at our then current service charge. Terms are listed on each invoice or invoice email. NOTE: Any discounts given on projects are only for accounts in good standing. Discounts may be rescinded at any time at the sole discretion of PS/A should collection actions be necessary, and will be added back to the original invoice becoming due and payable. PS/A at no time waives its right to charge interest on past due accounts from the original invoice date plus any and all collection expenses.
Payments are accepted through two methods. 1) Corporate Check or 2) Direct Bank Transfer. The second is popular with larger clients or those located out of the country. In order to save the majority of our clients money who pay through these methods, we do not increase pricing on all projects to accommodate occasional credit card payments. We accept these through PayPal and a 3% fee is added to the total to offset the fee charged by them. This is noted on original budgets.
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