All B2B buyers on Quotebeam get automatically approved for net 60 terms that you can use with any of our suppliers.
Giving you time to deliver a project or resell inventory before having to pay for parts.
When determining your limit, we take into account factors like your business type, size, and location, as well as your payment history, revenue, and financial information.
And, much like a credit card, your net 60 terms limit can change over time, given ongoing changes to your business.
We give you net 60 terms to empower you to take on more projects or increase your stocked inventory without having to pay upfront. This means you can hold on to your cash to cover costs or expand your business.
There’s no fee for paying with terms, and there’s no penalty for using your entire terms limit. As you pay off invoices, those amounts are returned to your available net 60 terms, so you can place more orders.
I really like how Quotebeam allows you to take a control system BOM that requires orders from multiple vendors and distributors and source everything in one environment.
How do you determine terms limits on Quotebeam?
How long is the approval process?
Can I still place new orders once I use all of my limit?
I just got a large order from a customer but don’t have enough limit to order all the parts I need, what do I do?
Can I pay off invoices earlier than 60 days?
Will using this limit affect my standing on Quotebeam?