In addition to the payment options presently available on the Amazon.in business-to-business marketplace ("Amazon Business Site"), Amazon Seller Services Private Limited ("Amazon") proposes to enable a new payment option – Pay by Invoice ("PBI").
PBI will be made available to eligible business customers ("Eligible Customers") to purchase Your Products on the Amazon Business Site. Eligible Customers, using this payment option, will get a commercial credit from you and will pay for their purchases on Amazon Business Site within 30 days from the Invoice date stated on the invoice (each an "Invoiced Sale").
You hereby: -
The following policies will apply to Your Transactions completed using PBI.
Capitalised terms used but not defined herein will have the same meaning as ascribed to them under the Amazon Services Business Solutions Agreement and as modified by the Addendum thereto (collectively, "BSA").
You hereby agree to extend the payment terms of 30 days from the invoice date for Your Transactions completed by Eligible Customers using PBI. The Settlement Amount for Invoiced Sales will be remitted to Your Bank Account after Amazon has received the respective funds for the Invoiced Sale from the Eligible Customer. You will not request payment from the Eligible Customer directly, invoice the Eligible Customer on different terms or off the Amazon Site at any time.
For enabling PBI, Amazon will: -
PBI payment option will automatically be made available for all Your Products to Eligible Customers. You do not need to take any action.
You will accept and fulfil orders for Invoiced Sales in the same manner as you accept and fulfil any other orders on the Amazon Business Site.
You acknowledge and agree that Amazon may discontinue the PBI payment option at any time without notice and for any reason.
These policies are in furtherance of the BSA. Nothing contained herein will impact the validity, enforceability and interpretation of the BSA, which remains unchanged and will continue in full force and effect.