Knowledge Base

Payment Types

Premier gives the customers the ability to process an order using a payment type that fits your companies purchasing style. There are a number of payment types supported within Premier which can be enabled/disabled by your Dell Account Team. Below is a list of Payment Types that are currently supported and available on Premier.

Available Payment Types:

• Purchase Order
• Floor Planning
• Leasing
• Dell Business Credit
• Credit Card

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Purchase Order

A purchase order (PO) is a commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services. Acceptance of a purchase order by a seller forms a contract between the buyer and seller, so no contract exists until the purchase order is accepted. It is used to control the purchasing of products and services from external suppliers.

Customer does not pay Dell at the time of the purchase, the customer agrees to make their payment in 30, 45, or 60 days depending on the terms of the account.

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Floor Planning

A Third Party Financer will pay for the purchase on behalf of the customer. At the time when the order is placed, Dell does not receive any payment. Dell will bill your assigned/predetermined financial institution for your purchase. Dell gives 30 days for the Third Party to pay and the customer will pay the Third Party.

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Leasing

A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. The customer agrees to lease the equipment from Dell Financial Services (DFS), DFS retains ownership of the equipment but the customer takes possession.

At the end of the lease, the customer has some available options depending on the type of lease:

• Return the equipment
• Continue monthly payments (renewal payments) and keep the equipment
• Buy the equipment at Fair Market Value (FMV)

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Dell Business Credit

Dell Business Credit (DBC) is a revolving line of credit that can be used by businesses. It is similar to the Dell Preferred Account used by Dell consumer customers, but designed for business users. Dell Business Credit is offered by Dell Financial Services (DFS).

More information about Dell Business Credit click on the link below.

http://www.dell.com/learn/us/en/04/dell-business-credit

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Credit Card

A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. The issuer of the card creates a revolving account and grants a line of credit to the cardholder, from which the user can borrow money for payment to a merchant or as a cash advance.

The four major credit cards are:

• Visa
• Mastercard
• American Express
• Discover

Credit Card purchases made on the Premier Page can also offer a couple more features:

Credit Card – Call Me
When this option is enabled on your Premier Page your credit card purchase will be placed on hold until one of our agents from Order Processing can reach you directly to finish up the order process.

Allow Multiple Credit Cards to be used
When this option is enabled on your Premier Page, you will be able to use up to three (3) different credit cards for your purchase.

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If you have questions or need assistance.

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