Professional seller standard payment terms
Updated payment terms – October 2022
With effect from 1 December 2022, the clause in your Agreement relating to invoicing is deleted and replaced with the following clauses:
We’ll invoice you monthly for the Fees (excluding any Afterpay or Ping fees, which are automatically deducted from the applicable ledger). Payment is due and payable on the 20th of the month following the invoice date. If you wish to dispute an invoice you must do so, in writing, within 10 working days of the invoice date. We will consider any issues raised and act in good faith to reach a resolution with you. You will pay any undisputed amount on the due date for payment.
If payment is not received by the due date, or you're otherwise in debt to us under this Agreement or any other, we may take action that we consider appropriate. For example, we may: (a) suspend or terminate your access to our Services; (b) charge interest on outstanding amounts not paid by the due date at a rate that is 2 percentage points greater than our bank's unarranged overdraft interest rate, starting from the due date of the unpaid invoice; (c) set-off any amount you owe us against any amount that may be due from us to you (under any agreement); or (d) pass your account onto a debt collection agency. You agree that any costs incurred in the collection process, including legal fees, can be on-charged to your account.
You agree that Trade Me may conduct a credit check on you, and may collect and hold information about you, which may be passed on to a credit reporting agency for the purpose of conducting a credit check.
In all other respects, the terms of the Agreement remain unchanged and in full force and effect.
Where there is a conflict between the terms of this letter and the terms of your Agreement, the terms of this letter will take precedence.