When placing an order for a Manufacturer who utilizes mtCharge, the process is no different than those who don't, which makes it easier for Salespeople and Retailers.
When placing an order for your customers, there is no difference in how MarketTime functions when adding payment terms for a Manufacturer who utilized mtCharge for payment processing.
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Using a Credit Card with mtCharge
When finalizing an order, choose the traditional credit card payment terms such as American Express, Discover, MasterCard, or Visa will allow you to securely enter this card information for the Manufacturer to process payment.
Selecting "Net Terms with CC" with mtCharge
Choosing a Net Term with CC allows you to securely enter a credit card in as before, but now allows the Manufacturer to schedule automatic processing of the order 30/60/90/etc. days from when they choose to do so, offering actual Net Terms without the need to remember to charge the card.
Selecting "ACH/Bank Transfer or ACH Net Terms" with mtCharge
Choosing ACH/Bank Transfer or a Net Term with ACH allows the Retailer to add their desired Bank Account to be used for the order.
As soon as you transmit the order to the Manufacturer, the Retailer receives an email allowing them to securely add their Bank Account for the Manufacturer's use.
Example of email the Retailer receives:
Clicking the link within this email takes them to a secure page to proceed:
This also grants them the ability to choose if they will "push" payment to the Manufacturer, or allow the Manufacturer to "pull" the funds from their account.
If the Retailer did not add their Bank Account information by the time the Manufacturer attempts to process payment for the order, an additional email will be sent to them allowing them to do so. This second email contains slightly different information, allowing the Retailer to choose to permanently add their Bank Account for future orders, or only add it for a single use.
Adding Net Terms without a Credit Card with "See Special Instructions"
In cases where you need to select Net Terms without adding a credit card or requesting the Customer link their bank account for an ACH payment, you'll use the See Special Instructions Payment Term.
Once selected, add the relevant terms or note to the Special Instructions field to notify the Manufacturer that this order should be considered for Net Terms.
NOTE: You may add your text before or after any other notes or Promotions that are added to the Special Instructions field.
In the example above, the note "Net 30" was added, then a Promotion was added to the order. When a Promotion is auto-applied to an order, it will be the first thing in the Special Instructions field, so you may add your note after it.