CA gives a line of credit to vendors to fund their marketing campaigns.
What’s in it for the Agency?
- Heads off the objection to pay lots upfront from vendor.
- Gives a certainty re cash flow.
- If the listing does not sell, the vendor owes the money direct to CA.
- No bad debts.
- Much cleaner process in trust accounts as there is no payment to the general account.
Terms and conditions that Box+Dice are aware of,
(please check your agreements with CA):
- The Agency has to pay CA back with the deposit on the listing.
- Fee is charged at approx 6% service fee plus interest charge calculated daily.
Vendor options:
The vendor can choose Pay Now or Pay Later. See below for more information.
What is Pay Now?
If the Vendor chooses the Pay Now option with their campaign, they must pay all advertising due direct to CA 5 days before campaign start date (The campaign start date for CA is the date photos are taken (interest starts here also)).
This campaign start date can be changed up to 5 days before this date.
CA pay the office on the 25th of each month, if the vendor chooses to pay this way.
What is Pay Later? (or they fail to pay on time for Pay Now)
Pay Later means the Agency will pay CA at Settlement including interest.
Remember: The campaign start date in Box+Dice is different from the campaign start date CA is referring to.