Payment Terms & Conditions

Zeus Fitness – Payment Terms & Conditions

Effective Date: Oct 1st, 2024

Last Updated: Sep 30th, 2023

Thank you for your business. By accepting and conducting transactions with Zeus Fitness, you agree to the following Payment Terms & Conditions.

1. Payment Terms

  • All invoices are due upon receipt unless otherwise stated in a written agreement.
  • Payments must be received in full by the due date stated on the invoice, not simply sent or initiated.
  • If an invoice is not paid in full by the due date, late fees and interest may apply as described in Section 3.

2. Accepted Payment Methods

We accept the following payment methods:
✅ Wire Transfer – Customers must ensure the full invoice amount is received and cover any applicable bank fees.
✅ Cheque – Cheques must be received and fully cleared before the due date. A cheque that bounces or takes additional processing time beyond the due date is not considered timely payment.
✅ Credit Card (If Applicable) – Credit card payments made under our corporate plan are subject to a processing fee of 3%.

💡 Important: If you choose to pay via wire transfer or cheque, it is your responsibility to ensure that the full payment is received in our account on or before the due date, accounting for processing times.

3. Late Payment Interest & Fees

  • Any overdue balance will be subject to a late payment interest charge of 2% per month (24% annually, compounded monthly).
  • Interest is calculated and applied starting the day after the due date until full payment is received.
  • Customers are responsible for all applicable fees associated with collecting late payments, including but not limited to legal fees, collection costs, and administrative fees.

4. Invoice Acceptance & Agreement to Terms

By accepting an invoice from Zeus Fitness, whether by signing, providing verbal confirmation, or making payment, you acknowledge and agree to these Payment Terms & Conditions.

  • If payment is made on an invoice, it is assumed that the customer has read, understood, and agreed to the terms stated herein.
  • Failure to pay invoices on time may result in collection actions, suspension of future deliveries, or legal proceedings at the customer’s expense.

5. Wire Transfer & Bank Fees

  • Customers who choose to pay via wire transfer must cover all associated transaction fees.
  • The invoice amount must be fully received in our account without deductions due to bank or intermediary transfer fees.
  • Any shortfall due to transfer fees is considered an outstanding balance and will be subject to late payment interest as per Section 3.

6. Default & Collection Actions

  • If an invoice remains unpaid beyond 30 days after the due date, we reserve the right to:
    • Engage a third-party collections agency to recover outstanding balances.
    • Take legal action to recover unpaid amounts, including associated costs.
    • Refuse to process future orders or deliveries until all past due amounts are settled.
  • Any legal disputes regarding unpaid invoices will be governed by the laws of British Columbia, Canada.

7. Amendments & Updates

Zeus Fitness reserves the right to modify these Payment Terms & Conditions at any time. The latest version will always be available at:
[Your Website URL]

For any inquiries or disputes regarding invoices, please contact:
📧 team@zeusfitness.ca
📞 778-882-7672