Selco's standard open account terms are, upon approval of credit, Net 30 days from date of invoice. The Credit Department must pre-approve any departures from the standard terms. Please allow 48 hours processing time for approval of credit on new accounts. For rush orders - new Customers may also pay by American Express / MasterCard / VISA, COD, Wire Transfers, or Cash In Advance.
If the Customer selects payment by credit card the following information will be needed: Purchase Order number, American Express, MasterCard or VISA account number, Expiration Date, Account Name as printed on the card, and the Name of the Person authorizing the use of the card. A confirming Purchase Order should be sent to Selco with authorization to charge their American Express, MasterCard or Visa account.
In an effort to maintain timely shipments to all customers please be advised a hold will be placed on all Customer shipments when their account shows outstanding invoices over 15 days old beyond terms (30 days + 15 days). Selco has established a MINIMUM order policy of $50.00 for single shipment orders or $100.00 on blanket (multiple shipment) orders. This does not include any items which may be on backorder.
No returns will be accepted without seller's prior authorization. Please contact a Selco sales representative for documentation authorizing each return and include a copy with the returned product. Returns should include P.O. number, invoice number and explanation for return. All returns must be freight prepaid unless authorized by Selco. All authorized returns are subject to a restocking charge. Credit will be issued only after receipt and examination of returned merchandise. Replacement merchandise will be sent out and invoiced as a new order. Any credit due will be issued against the old invoice.