Establishing Credit

The Minnesota Daily reserves the right to place a prospective advertiser on prepayment status. To be eligible for credit you must have placed 10 advertisements and prepaid for them or placed $3,000 worth of advertisements and prepaid for them. You are then required to complete and sign a credit application. Please allow five to seven working days for the approval process. When the credit process is completed and approved, you then have the right to purchase further advertisements on account. All advertisements that are purchased on account must have a corresponding ad confirmation signed by the advertiser. If an ad confirmation is not provided, the ad may be cancelled.

Prepayments

All prepayments must be received by 3:30 p.m. two business days before publication for regular issues. For special issues, prepayments will be required well in advance. Failure to submit your payments by the deadlines will result in automatic cancellation of the advertisement in question and will result in a cancellation fee. Prepayments must be made for all charges: ads, musts, production work, etc. The finance department reserves the right to suspend temporary credit at any time.

Past-Due Accounts.

All past-due balances that have not been paid in full will be assessed a finance charge of 1.5 percent per monthly billing period until the balance is paid in full. The Credit Department may, at any time, declare any outstanding balances immediately due and payable in full, and may suspend or cancel the advertising privileges of, or refuse credit to, any advertiser who fails to abide by The Minnesota Daily's terms of sale. Accounts which repeatedly miss payments can, at the credit manager's discretion, be placed on permanent prepayment status.

Credit Terms

All charges are due and payable in full within 28 days of the invoice date. Charges for advertising purchases under an agreement with The Minnesota Daily must be paid within this time period for the discount to be applied.