PAYMENT POLICY
Effective Date: 07/17/2024
At Funmi Aderinokun LLC, we strive to offer flexible payment options to accommodate our clients. To ensure a smooth experience for both parties, we have established the following payment policy:
Installment Payments
Payment Schedule: Clients opting for installment payments must adhere to the agreed-upon payment schedule. Specific due dates for each installment will be outlined in the service contract.
- 50% due upon signing of the Agreement.
- 30% due at the halfway point of the project.
- Final 20% due upon completion of the project.
Late Fees and Penalties
- A late fee of 2% of the overdue amount per month will be applied to any installment not paid within 7 days of the due date. Alternatively, a fixed late fee of $50 may be applied.
- Services may be suspended if payments are delayed by more than 30 days.
Payment Reminders
- Initial reminder sent 7 days before the due date.
- Reminder sent on the due date.
- Late payment reminder sent 3 days after the due date, with follow-up reminders every 7 days until the payment is received.
Incentives for Timely Payments
- Clients who pay the full invoice amount within 10 days of issuance are eligible for a 3% discount on the total fee.
- Consistent on-time payments may qualify clients for loyalty rewards and additional benefits.
Payment Methods
- Bank Transfer: We accept payments via bank transfer. Our account details will be provided upon request.
- Credit Card/PayPal: For your convenience, we also accept payments via credit card or PayPal. Please note that a processing fee may apply for credit card payments.
Project Timeline
Milestone-Based Payments: Payments are tied to specific project milestones. A percentage of the total fee is due at project initiation, another at the halfway point, and the final payment upon completion.
Client Responsibilities
- The client agrees to provide all necessary materials, including images, text, and other content, within 7 business days from the start of the project.
- Any delay in providing these materials may result in an adjusted project timeline and additional fees.
- If the client delays the project by more than 30 days, the project will be considered abandoned, and Funmi Aderinokun LLC reserves the right to issue an interim invoice for work completed to date.
Cancellations and Rescheduling
Consultation Sessions
- If you need to cancel or reschedule a consultation session, please notify us at least 48 hours in advance. We will do our best to accommodate your request and reschedule your session at a mutually convenient time. Failure to provide 48 hours’ notice will result in the forfeiture of the session without a refund.
Ongoing Support Services
- For clients enrolled in our ongoing support services, cancellations must be made at least 30 days prior to the next billing cycle to avoid being charged for the subsequent month. Any unused portion of the current billing cycle will not be refunded.
Contact Us
For any questions or concerns regarding our payment policy, please contact us.