Payment Terms

Payment Terms for Corporate and Bulk Purchases

  1. Currency: All payments are to be made in Kenyan Shillings (KES), unless otherwise agreed upon in writing.

  2. Payment Methods:

    • Bank Transfer: Payments can be made via electronic funds transfer (EFT) to Office World Kenya’s designated bank account.
    • Mobile Money: Payments can be made via M-Pesa to the designated Office World Kenya business number.
    • Cheque: Cheques should be made payable to "Office World Kenya" and must be cleared before the delivery of goods.
    • Credit/Debit Card: Payments can also be made using major credit or debit cards through our secure payment gateway.

  3. Payment Due Date: Payment is due within [X] days from the date of invoice, unless otherwise specified in the sales agreement. Late payments may incur additional charges as outlined below.

  4. Credit Terms:

    • Pre-Approval: Credit terms may be offered to eligible corporate clients upon approval of a credit application.
    • Credit Period: The standard credit period is [X] days from the date of invoice.
    • Credit Limit: A credit limit will be established based on the client’s creditworthiness.
    • Overdue Accounts: Interest at a rate of [X]% per month may be charged on overdue accounts.

  5. Deposit:

    • A deposit of [X]% of the total order value may be required to confirm large orders. The remaining balance must be paid before delivery unless credit terms have been arranged.

  6. Payment Confirmation: Proof of payment (e.g., bank slip, M-Pesa confirmation) must be provided to Office World Kenya to facilitate the processing of orders.

  7. Payment Default:

    • In the event of non-payment or default, Office World Kenya reserves the right to withhold further deliveries, cancel the order, or seek legal action for recovery of the outstanding amount.
    • The client will be responsible for any legal fees or costs incurred in the collection of overdue amounts.

  8. Taxes: All payments must include any applicable taxes, including VAT, as required by Kenyan law.

  9. Refunds and Adjustments:

    • Refunds for overpayments or cancelled orders will be processed within [X] days after confirmation.
    • Any adjustments to the invoice must be agreed upon in writing by both parties.

  10. Currency Fluctuations: If payment is made in a foreign currency, any loss due to exchange rate fluctuations will be borne by the client.

These payment terms are designed to ensure a smooth and transparent transaction process between Office World Kenya and its corporate clients.