Understanding Late Fees Penalties and Avoiding Them - PDF document

Understanding Late Fees Penalties and Avoiding Them E - commerce businesses are always battling with carriers' varying time constraints, late fees being one of them. UPS and FedEx international shipping have distinct situations, but the bottom line is t he same: all businesses must settle their bills and invoices timely to avoid considerably more expensive consequences. All carriers have different regulations as far as late fee penalties are concerned. And if we see the technical aspect of it, it is not a fee, it is an extra burden in terms of expense. This may also entail other unfortunate situations like service delays, unhappy consumers, and the worst - damaging your brand’s reputation in the blink of an eye. How to Manage Late Fees Situation If you think you might not be capable of making an impending payment, the very first step we suggest is notifying the carrier company you deal with ahead of time, if feasible. Companies that are proactive and demonstrate a real willingness to pay their bills are more likely to be accepted by carriers. Considering late fees, agreement time is yet another critical juncture. Betachon can assist you with UPS negotiation in your new carrier contract. They also pr ovide a plethora of other services including fedEx and U PS refunds , analytics, contract negotiations etc. This negotiation might help to reduce those late charge percentages, especially during the times of global crisis when every business is coping up wit h financial losses and struggling to make timely payments. Also, check to ensure that your credit/payment method is valid and able to cover any fees that you are currently paying. Unless one has a deep understanding of the aforementioned things, they mig ht be fooled or played by carrier companies. We believe knowledge is power and it is crucial to stay updated with how to avoid late fee penalties so that shipping carriers do not inch in your profits.