What are Baldor's accepted payment methods?
Baldor accepts ACH, debit card, and credit card payments. All quoted prices reflect a cash discount, applied when debit or ACH is used to pay. Alternative payment methods will show the full price (up to 3% more).
Customers can pay at checkout or apply for net credit terms, allowing payment 7–30 days after invoicing, based on approved terms.
How can I apply for net terms
for my business account?
If your business account has not been assigned net credit terms, there are two ways to start the review process:
- Plaid: Our preferred way to be reviewed for credit terms, Plaid partners with over 11,000 financial institutions and offers a quick and secure way to validate your banking information. You will need your bank login credentials to complete this step.
- Bank Statement: Alternatively, we can also accept your most recent bank statement with a minimum history of 30 days. If you choose this option please email Onboarding@baldorfood.com and a member of our team will assist you with next steps.
Follow the steps below to apply for terms review using Plaid:
1. Click Welcome and select Account Settings in the drop-down menu.
2. Select the respective account.
3. Click Billing.
4. Click APPLY FOR CREDIT TERMS and proceed to enter bank information via our Plaid platform.
How can I make online payments
for my business account?
If your account has been assigned Credit Terms, and you have open invoices requiring payment, you can select them to make payments.
Follow the steps below to make a payment on an open invoice.
1. Click Welcome and select Invoices in the drop-down menu.
2. For convenience, you can pay your Past Due, Current, or Total balance by clicking Pay Now. Or, to pay individual invoices, click Select to Pay to the right of the invoice(s).
3. Select your preferred payment method, BANK ACCOUNT or CREDIT/DEBIT CARD, and proceed to provide payment information.
Follow the steps below to save payment information for future payments.
1. Click Welcome and select Account Settings in the drop-down menu.
2. Select the respective account.
3. Click Billing.
4. Click +Add in the CARD TYPE or BANK section and add payment information. To add bank account information, you may choose to enter the information manually by selecting ACCOUNT INFORMATION or LOG IN TO YOUR BANK ACCOUNT SECURELY via our Plaid platform.
How can I set up Auto Payment
for my business account?
Auto Payment allows you to schedule automated payments. This service is only available to customers who have been assigned Credit Terms, however, not all credit term assignments qualify for this service. Please review the information on the Auto Payments page and speak with your Sales Executive if you have any questions or concerns regarding this service.
Follow the steps below to set up Auto Payment.
1. Click Welcome and select Invoices in the drop-down menu.
2. Click Set up Auto-pay.
3. Follow the prompts on the page to set up Auto-Pay Method and Frequency.
4. Review the "Terms & Conditions" and click Update Settings to activate Auto-Pay Status.
What is a credit card authorization hold?
For customers that are on credit card payment terms, when catch weight items are purchased, such as meat and cheese sold by the pound, Baldor will place a small hold charge prior to shipping your order. This Authorization Hold is a temporary hold placed on funds pending authorization. This amount is automatically readjusted at the time of shipping to reflect the true weight of the product(s) and will display correctly on your receipt.
Is my bank information protected?
Yes!
The bank information provided on the online Plaid platform is protected by General Data Protection Regulation (GDPR).
The payment processor we utilize, referred to as Stripe, is in compliance with Payment Card Industry (PCI). Feel free to refer to their privacy policy at https://stripe.com/privacy.
For further assistance, please contact us here or call us at your local Baldor office location listed below.
Bronx, NY Headquarters: (718) 860–9100 Boston, MA Warehouse: (617) 889–0047 Philadelphia, PA Warehouse: (267) 921–0300 Washington D.C. Warehouse: (443) 733–3400