Net 60 payment terms are a payment option we offer on Faire that allows you to buy new inventory now, and pay for it 60 days later. We offer net 60 terms so you can buy the optimal amount of inventory for your store, while managing your cash flow.

With 60-day payment terms, Faire covers the upfront cost of your order. When you order using this payment option, you won’t be charged for your items until 60 days after the date you placed the order. If the order takes more than 14 days to ship, your invoice will be due 60 days after the ship date instead.

Once you pay off an invoice, that amount is returned to your available 60-day payment terms, and you can continue to place more orders using this buy now, pay later structure.

If you place an order that exceeds your available payment terms, you’ll simply be charged for the entire order once it ships, regardless of remaining net terms.

How does Faire assign net 60 terms?

At sign-up, eligible retailers are given an initial amount of money they can spend using 60-day payment terms. You may also be required to link your bank, point-of-sale system, or accounting system in order to help verify your eligibility. For more information, please see our Privacy Policy.

Will my available net 60 terms ever change?

As your business continues to evolve, we will periodically review the initial payment terms you got when you first signed up for Faire.

When making payment terms adjustments, we will take into account any changes to your business type, size, or location, as well as your payment history, financial information, and/or additional self-reported sales information.

How can I increase my net 60 terms?

There are several ways to increase the amount of money you can spend using 60-day payment terms on Faire, including but not limited to:

• Paying your invoices on time
• Maintaining healthy return rates
• Returning items in good condition
• Utilizing your existing, available terms
• Linking your point-of-sale system and/or bank to Faire

Additionally, you may apply for an increase from your Faire account. During the application process, we’ll request additional information about your business.

Keep in mind that as long as you do not have overdue invoices, you can always order above your terms limit by choosing the option to pay on shipment during checkout.

Creating multiple accounts in order to circumvent net 60 terms limits is against Faire's policies, and Faire may take appropriate action on the accounts if necessary.

What if I don't qualify for net 60 terms?

If you do not qualify for net 60 terms, your payment will be due when the order is shipped by the brand. Your default payment method will automatically be charged once the order is in transit. Please know that an authorization hold may be placed on your card prior to shipment.