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Terms of Service Adjustments Regarding Late Fees and Account Terminations

#1 User is offline   MikeDVB 

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Posted 03 November 2010 - 02:06 PM

We've adjusted our Terms of Service found at http://www.mddhosting.com/tos.php

Changes concerning late fees:
The late fee has been changed from a flat rate of $15 to 10% or $5, whichever is greater. This means that on smaller invoices the late fee will be smaller while still potentially having a larger late fee for a larger invoice.

We felt it wasn't fair to charge $15 on a $10 invoice as a late fee and likewise it wasn't fair to charge a $15 late fee on a $600 invoice and this change will address those issues.

Changes concerning account terminations:
Accounts that are past due will be kept for a period of 30 days before being terminated from our systems which has been increased from the prior period of 14 days.
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