Paced Billing Credit Card/Checking Account Authorization
Paced Billing applies only to purchases of $599.00 or more charged to a Visa®, MasterCard®, or Discover/NOVUS® credit card. Paced Billing does not apply to previous purchases. Paced Billing purchases will be charged to your credit card account in 11 equal monthly installments. YOU CANNOT TAKE ADVANTAGE OF PACED BILLING IF YOU USE A DEBIT CARD. All orders are subject to credit verification and approval. We reserve the right to restrict deferred billing to anyone.
You acknowledge and agree that by selecting the Paced Billing option, you are providing your electronic signature on this agreement, thereby establishing your written agreement to its terms and consent to receive email communications from us and to receive or deliver documents and other information electronically, including by email or on or through our website.
You hereby authorize us to debit your credit card on the date specified and for the amount specified every month for your purchase of World Book Products until your order has been paid in full. If your credit card changes, any payment is refused for any reason or your credit card is canceled or expires, you agree to provide us with a valid credit card number and expiration date within 10 days or to pay the remaining balance to us within 10 days of notice from us.
Late Charge: If a payment is late, you will be charged a late fee equal to a monthly periodic rate of 1.4% (16.8 % Annual percentage rate) of the maximum amount of payment for the time such payment is late, or if less, the maximum allowed by your state of residence or billing address.