Accepted Payment Methods

Overview
OnlineComponents.com accepts payments in United States Dollars (USD) as well as Euro. This article outlines the accepted payment types, their definitions, and any key conditions customers need to be aware of before completing a transaction.

Index

I. Wire Transfer
II. Payment by Check
III. Credit Card
IV. Net Terms
V. Paypal

I. Wire Transfer

• Definition:
  An electronic transfer of funds across a network of banks, often used internationally.

• Also Known As:
  Cash in Advance (CIA), Telegraphic Transfer (TT), Prepaid

• Key Notes:

  • Commonly used by international customers whose credit cards may not work in the U.S.

  • A proforma invoice is provided for wire payments.

  • Parts are not held or allocated until funds are received.

  • International Wires can take up to 1-3 days to be received by our bank

II. Payment by Check

• Use Case:
  Customers may submit payment by check using the proforma invoice as reference.

• Important Considerations:

  • Parts will not be allocated until the check is received and processed.

  • This method typically takes longer than wire transfers or credit cards.

• Mailing Address:
  Please include the order number and send checks to:

  • OnlineComponents.com

    PO Box 735802

    Chicago, IL 60673-5802

III. Credit Card

• Accepted Cards:
  Visa, Mastercard, Discover, American Express

• Benefits:

  • Most efficient method of payment

  • Parts are allocated immediately upon card preauthorization

• Preauthorization & Billing:

  • Cards are preauthorized at order processing (the preauth typically expires in 1–3 business days)

  • Cards are charged when the order ships

IV. Net Terms

• Eligibility:
  Available only to GOLD customers located in the U.S. and Canada

• Definition:
  Net Terms allow customers to pay within 30 days rather than upfront at the time of purchase.

• Application Process:

  • Gold customers must log into their account

  • Click "Apply for terms" at the bottom of the webpage

  • Follow the guided steps to view and apply for available options

• Offered In-House:
  This service is managed internally, providing direct flexibility for qualifying customers.

• Considerations:
  • Customers below Gold Segment (Bronze, Reseller, Silver) maybe able to apply for terms IF:
    • They have a US based location
    • Must have a $5K PO submitted with application

V. PayPal

• Availability:
  Accepted for online orders made through our website.

• Benefits:

  • A secure and convenient method for both domestic and international customers

  • Ideal for those who prefer not to share card details directly

• Conditions:

  • Payment is processed immediately upon order placement

  • Parts are allocated upon successful payment confirmation

  • Customer must place the order themselves online in order to use this function.

OnlineComponents.com supports multiple secure payment methods to accommodate both domestic and international customers. For the fastest processing and part allocation, credit card payments are recommended. For larger transactions or specific business needs, wire transfers, check payments, and net terms are available with appropriate validation and lead time.