Common use of Wholesale Distribution Clause in Contracts

Wholesale Distribution. If you are classified in the business-to-business (B2B) or wholesale distribution industries, and American Express determines that you are not in the telecommunications industry, then notwithstanding the prohibition in Section 8.4, “Prohibited Uses of the Card", you may accept the Card for overdue amounts to the extent that acceptance of overdue amounts is a common practice in your industry and does not constitute an attempt to obtain payment from the Cardholder whose prior methods of payment have, in American Express’ reasonable judgment, been difficult to collect or uncollectible. An indicator of such difficulty, for example, may be the fact that you have sent a customer account to collections. To minimize your risk of a Chargeback with B2B Charges, always: • Obtain a signature tor all in-person charges. For Card Not Present Charges, obtain Proof of Delivery, and • Maintain clear and accurate records of orders and returns. • Notwithstanding anything in this Agreement to the contrary, you must not submit any Charge until the goods have been shipped or services have been provided to the Cardholder. To the extent that you have clearly disclosed your intentions to the Cardholder and the Cardholder agrees, then you may submit the following types of Charges to us before you ship the goods to the Cardholder: • Charges representing deposits on custom and special orders (so long as you comply with applicable law) or goods not in inventory at the time the order is placed. • Charges representing advance, partial, or full payment for goods that the Cardholder requests you to ship at a later date.