Standard Payment Methods and Terms

The Chenega Corporation's standard payment terms are Net45. If you would like to negotiate faster payments terms, this can be accomplished by accepting credit card payments or offering discounts for expedited processing.

The Chenega Corporation offers many different payment methods to meet everyone's varying needs. Please contact a Payment Processing Specialist if you have any questions about the various payment methods or need any assistance deciding which method would work best for your company.

Traditional Credit Cards (The Chenega Corporation's Preferred Payment Method)

If you would like to receive payment via a traditional credit card, we offer accelerated payment terms of Net15. We understand there is a cost of accepting credit cards and hope the cash acceleration offsets this fee. The interest on a small business loan or line of credit is higher than the fee you'd see here.

What could you do with having access to your cash 30 days earlier?

Save time with creating deposits and have the money directly into your bank account
Reduce the risk of returned checks

Electronic Funds Transfer

The Chenega Corporation does offer the ability to have funds deposited directly into a bank account without incurring a fee from Chenega. However, payment terms on this arrangement are standard Net45. If you would like to receive funds faster, an agreement for 2% Net15/30 would need special negotiation.

Paper Checks

The Chenega Corporation does offer the ability to have your payment issued via a traditional paper check. However with this method, due to the high cost of processing and reconciliation. Beginning October 1st, 2013, we will be assessing a 4.0% administrative fee based on the face value of the check for every check issued. This fee will be automatically deducted from the payment before the check is printed and cannot be added to future invoices to the Chenega Corporation to recoup the fee. Our goal is not to make a profit off this fee, but to encourage our vendors to look at the much more efficient alternative methods of payment.

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