Payment Terms & Credit

We offer flexible credit and payment options to US-based companies using Cubic.

This article explains how you can qualify for credit, determine your credit limit, choose payment terms, manage your account effectively, and understand financing fees.

To qualify for credit, we work with our trusted vendor, Balance, who qualifies businesses by considering factors like business history, financial stability, and creditworthiness.

The qualification process is done automatically, and in most cases will provide the outcome of your credit qualification in a few seconds. In some cases, Balance may need secure authorization to your bank account, or additional documents.

If you're a US-based company, you can qualify for credit from your Billing page.

Once approved by Balance, your company will be assigned a credit limit. This limit represents the maximum amount you can borrow for outstanding invoices. It ensures a mutually beneficial business relationship while maintaining financial stability.

You can view your credit limit and request for an increase from the Billing page.

As an account holder with credit, you can select default payment terms that suit your business needs. These terms determine the due date for your invoices. When you have available credit, invoices will be issued with a due date based on your chosen payment terms. Please note that invoices issued with payment terms will incur a financing fee.

If you need to change your default payment terms, you can do so from the Billing page. Please note that outstanding invoices will still follow the previous payment terms, but future invoices will adhere to the updated terms.

If your available credit is not enough to cover an invoice, it will be issued with a "Due on Receipt" due date. This means payment is expected immediately upon receiving the invoice. No financing fee will be applied in this case.

Invoices issued with payment terms will incur a financing fee, which is a charge associated with the extended payment period. The financing fee is calculated based on the invoice amount and a fixed rate based on the payment terms. Please review your invoice details to see the specific financing fee applied.

Financing fees may change from time to time - we will make sure you know about it before it happens.

We strive to provide transparent and flexible credit and payment terms to support your business operations. For further assistance or questions about credit, payment terms, financing fees, or managing your account, please reach out.