Wednesday, January 16, 2008

Payment Options

My usual policy with regard to payment is that 50% of the order total (before tax) is due as a retainer fee at the time a contract is signed. Recently I started offering a new payment option that is turning out to be much more popular than I anticipated. I set up a payment plan for those who want to pay for their package with a credit card. We can now divide the total cost of a package up into any number of automatic equal payments, on the first of each month. Here's an example:

If your wedding is on November 29, and you want to purchase our Modern Package, the total cost is $3168.25 (with tax). The Retainer Fee, if paid by a check would be $1450, due with the signed contract. The balance of $1718.25 would be due two weeks before the wedding date. Under the new optional payment plan, a credit card payment of only $288.02 would be due with the signed contract. Then each month on the 1st, between now and November, an additional payment of $288.02 would automatically be charged to your credit card.

This option is great for those who are on a tight budget, or for those who really just don't want to have to remember to make their final payment. Of course, we will gladly take full payment at any time, but I figured this would be a convenient option for our clients, and a number of them have already opted for it. Let me know what you think.

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