Payment Terms

Bon Tool Co. accepts MasterCard, Visa, American Express and Discover charge cards. All payment are in USA funds only. Terms for those that have an established account with Bon Tool Co. are 1% - 10 days net 30 days. Payment for international orders should be made prior to shipment, via credit card or wire transfer, unless otherwise arranged.


Open Account Terms
All payments are due thirty (30) days following the invoice date. Bon Tool Co. shall have the right of set-off and deduction for any sums owed. If the customer fails to make payment within thirty (30) days, Bon Tool may defer shipments until such payments are made, or may at its option, cancel all or part of unshipped orders and backorders. Past due invoices will be charged a one and one-half (1.5%) percent per month interest charge (which is an annual percentage of eighteen (18%) on the unpaid balance each month). The customer agrees to pay all costs and expenses incurred by Bon Tool Co. in the enforcement of any of the company's rights caused by delinquent accounts, including all attorneys' fees. It is agreed that fifteen (15%) percent shall be considered a minimum reasonable fee. All claims for adjustment by a customer must be presented in writing no later than thirty (30) days from the invoice date in question, or such claims are hereby waived by the customer.
Credit balances, if not used within one (1) year, will be subject to cancellation, and Bon Tool Co. shall have no further liability.