Edvisor Insurance: ‘Pay Later’
Terms & Conditions
1 Invoicing for bookings
Edvisor will invoice the customer for bookings in the current month on the first business day of the following month.
Example - Bookings sent in August will be invoiced on Sept 1st.
The customer will receive a monthly statement detailing each booking made, the total amount due, and the currency of the total.
Should the customer see any perceived discrepancies in their billing, they should raise this with Edvisor’s Finance Team immediately.
2 Payment
Payment for bookings made in the current month is due on the 15th of the following month.
Example - Payment for bookings sent in August is due by Sept 15th.
3 Accepted Method of Payment
Payment will be made by Wire Transfer. Edvisor will provide banking details with each monthly statement sent to the customer.
4 Cancellations and Refunds
Any refunds resulting from booking adjustments or cancellations will be applied as credits towards the balance on the next monthly statement. The credits are applied in the month that they have been processed by Edvisor and may not be reflected on the current statement.
5 Non Payment/Late Payment
Invoice statements are considered overdue after the 15th of each month.
Failure to make payment will result in a warning and the commencement of a 15-day grace period. Failure to make payment within this 15-day grace period will result in the following actions:
- Suspension from the Edvisor marketplace until the balance has been paid. The customer will no longer be able to make insurance bookings.
- Cancellation of all insurance policies from unpaid bookings
