Customer May Defer Downpayment by Credit or Debit Card Payments
Details: The Down Payment (also known as inception payment) collected by Merit here will be forwarded once the Down Payment is collected in full. There is no financing charge on this amount, and no other charges other than the convenience fee applied to each of the 3 weekly payments. The first payment will commence on the next Friday (therefore if payment is engaged on Thursday, then it will be the next day, or if it is set up on a Friday, it will be the next Friday). Any amounts unpaid shall remain due and payable even if not paid. Any additional costs incurred by the payment processing shall be due from the payor. Should you have any questions on this Down Payment Deferral Mechanism, please contact Merit.