Terms of business are no good if nobody sees them and you could be facing UNLIMITED liability!
Many new businesses make the mistake of not get the timing right when it comes to presenting their terms of business. The key rule is that you must get your customers to agree to your terms BEFORE they part with their money. It is too late if you send them a receipt with your terms on the back after the sale has taken place. This means that your terms are worthless!
What about Paypal transactions? Many people think that Paypal automatically have you covered, but they do not! It is up to you to set up your invoices correctly within your Paypal account and add your terms and conditions to them.
Here is how to do it:
Simply log into your Paypal account and then click on ‘Tools’.
Select ‘Create invoice’ and complete the fields with all of your business information AND in the box entitled ‘Terms & Conditions’ insert the details that will link your customers to your Terms of Business. Remember to click on ‘Save’.
Here is an example that I inserted on our Paypal invoices: “Subject to our Terms & Conditions of Business set out at www.offtoseemylawyer.com”
Better still, there is an option to attach a file, so you could actually upload your Terms of Business to the invoice.
Don’t have any Terms of Business?
We have a ready-made template for selling goods on-line in our ‘oven ready document shop’ or for services, we can draft terms for you. Just drop us a line at info@tallandco.london