BILLING
Magnetronics bills on monthly, Quarterly, bi-yearly or yearly depending on your choice. In order to maintain low cost and quality services, we have to receive payments on time. Accounts not paid after the 7th day of billing are suspended. After 10 days of suspension, accounts are deleted. This includes all accounts that are overdue because of credit card denials, expired credit cards etc...It is the customers responsibility to make sure that their billing information is up to date.
You may update your billing through your control panel at: yourdomain.com/menu and click on "account manager".
The majority of our customers are legitimate, honest and responsible business people. In order for us to provide a high quality service at a low price, we must maintain solvency. Managing our accounts receivable is an integral part of doing business successfully. Please read the following policy carefully so there is no misunderstanding. If your account becomes overdue after the due date on the invoice, the following will occur. You will receive a reminder via email that we have not received your payment. If payment is not received within 7 days of your past due date your service will be suspended. If your account remains overdue after 10 days of suspension your data will be removed from our servers. If you fail to pay for services rendered, we will report the delinquency to the credit bureau which will impact your credit rating. If we pursue a legal remedy and obtain a judgment against you, we will seek to enforce that judgment. If you pay and we receive a notice of returned payment for any reason to include insufficient funds and/or fraud, we will charge you a minimum service fee of $20. We will also charge you all associated costs to include attorney and collection fees.
In the event that your account is deactivated/suspended due to nonpayment, please note that to reactivate your account you must include the $19.00 reactivation fee. You may fax your credit card information to us or use our online payment form or you may send us a money order via your choice of overnight courier. You may cancel your account at any time and you will only be billed through the end of the month in which you cancel. Cancellations are done once a month at the end of the month by our staff.
We look forward to a mutually beneficial business relationship.