M/Ycat Terms
| • | A WMA "contract" agreement is signed for each "marketing/promotional catalog" (two per
year... Mcat & Ycat) |
| • | A contract invoice requirement is that payment is "due upon receipt" with a 30 day payment deadline from the date the invoice is emailed. |
| • | We have a positive incentive reward program, Mfg. Performance Rebate (VPR), which offers a significant rebate for stellar performance. |
| • | Timely payment of invoices is a key requirement to qualify for your VPR. |
| • | Starting one day after an invoice is past the deadline, manufacturers lose their next catalog VPR at the rate of 1/15th per day over the next 15 days. |
| • | If payment is 15 days past the deadline, the rebate on the next promotional catalog billing (Mcat or Ycat) is lost in total. |
| • | Finally, at 30 days past the deadline a WMA member deducts from an open invoice that they have with you at 150% of face value (per our contract). |
Timing...
Our situation and position is that we are a very small company and our graphic and layout design department starts production on M/Ycat at least four months before it goes to press. The M/Ycat publisher requires that we pay them within 30 days of when the catalogs are shipped. These facts, plus our own expenses, leave us little choice but to seek payment per our contract agreement. That is why we established our positive incentive rebate program (VPR) and why those who do not comply don't receive the VPR reward.
Please, if you have any questions or comments, we would like to hear from you!
