What are End of Month/Net 15 payment terms?

End of Month/Net 15 (EOM/Net 15) terms work just like a credit card.

End of Month/Net 15 (EOM/Net 15) terms work just like a credit card.

  • All orders made by all authorized buyers in a corporate account are consolidated into a single statement sent on the first day of the following month.
  • The customer only needs to pay once to close out all open invoices.
  • Payment is due on the 15th of the following month from which all previous purchases were made.

EOM/Net 15 is the preferred program for customers making one or more orders from you in a given month. The program simplifies how the customer pays (just once instead of multiple times) and establishes a set cadence for all future payments.