Monthly Vendor Fee policies
Monthly Vendor Fee:
Your monthly vendor fee will be automatically deducted from your previous month's sales on the last day of the month.
If your sales do not cover the full amount of the next month's vendor fee, you will receive an invoice for the remaining balance. You can also pay in person with cash or credit card, checks are not accepted.
If the invoice is not paid by the end of business on the 5th of the month, a 25% late fee will be applied.
If you owe a vendor fee, no payout will be issued until the balance is paid in full.
Failure To Pay Your Vendor Fee:
Unpaid Vendor Fees and Late Fees (by the 5th of the month):
A late fee of 25% will be applied if the vendor fee is not paid by the end of the business day on the 5th of the month. End of business day is when the store closes.
If your vendor fee and late fee are not paid in full by 11:59 pm on the 5th of the month, your products will be removed from your space and held as collateral until the full balance is settled.
Once the full amount owed is paid, your products will be returned to you or your space.
We do not accept payment plans at this time.
Early Move-Out and Non-Payment:
If you move out before the 5th, to avoid payment, and have not paid the outstanding balance, legal action will be pursued, which could negatively affect your credit score.
Non-Payment by the 15th of the Month:
If the full amount is still unpaid by the 15th of the month, your contract will be terminated, and your space will be assigned to the next vendor.
At this point, your products will become the property of Boss Babe Boutique, and the store reserves the right to use them as it sees fit to recoup any losses.
Legal proceedings may be initiated at this stage as well.
Forfeiture of Deposit and Payouts:
In the event of termination, or non-payment, you will forfeit your deposit and any payout money owed to you.
Transferring Spaces:
Transferring to a new space does not absolve you of any outstanding vendor fees or late fees that were previously incurred.