Payment Policy

This is our Payment Policy which sets out how 1905 New Media/Thomson Printing Inc. manages overdue payments. Invoices shall be payable by credit card, check, wire transfer or ACH net thirty (30) days from the invoice date. Late payments more than 30 days past the due date shall accrue interest at a rate of the lesser 1.5% per month or the highest rate allowed by law.

If you are having difficulties in facilitating payment or are disputing any fees payable on an invoice, you must notify us in writing upon receipt of the relevant invoice. There are four notice actions for overdue accounts:

1. Courtesy Reminder – Sent within 7-14 days after due date. If payment is not received by the agreed payment term, a Courtesy Reminder notice will be sent requesting full payment.
2. Overdue Notice – Sent 30 days after due date. Should payment not be received by 30 days past the invoice due date, an Overdue Notification will be issued advising you a late payment fee will be applied to your account if payment is not received within 7 days.
3. Second Overdue Notice with Late Payment Fee – Sent 45 days after due date. Should payment not be received by this date, a Late Payment Penalty Fee will be applied as a payment equal to 1.5% of your outstanding invoice each month that the invoice is in default.
4. Suspension of Service Notice – Sent 90 days after due date. If payment is not received by this date, a fourth notice will be sent advising that services will be suspended the following business day for non payment. As per the terms of your agreement 1905 New Media/Thomson Printing, you will now be in breach of your agreement. If payment is not received, debt owed to 1905 New Media/Thomson Printing Inc. will be sent to our collections agency where default and judgment will be sought.