New customers must prepay for orders valued at less than $1,000. Luum accepts payment by credit card or check.
New customers ordering products valued in excess of 1,000 and requesting extension of credit must submit a credit application. Credit terms and deposit requirements will be determined based on Luum’s evaluation. The Credit Application and Bank Reference Authorization is attached hereto (Canada/United States).
Accounts that are inactive for one (1) year or more will be deemed inactive and a Customer must reinitiate the credit qualification and application process.
Luum reserves the right, in its sole discretion, to deny and/or discontinue issuance of credit
to customers at any time.
Unless otherwise stated, all invoices are payable net thirty (30) days from the date of the invoice. After thirty (30) days, unpaid invoices are considered “past due.” After sixty (60) days, the account will be placed on credit hold and marked “delinquent.” After ninety (90) days, creditvprivileges
will be suspended. Interest charges in the amount of two percent (2%) per month will be applied
to invoices which remain unpaid after thirty (30) days.