University policy Standard Payment Term is Net 30 Days. iBuy allows you to request Non-Standard Payment Terms if the vendor provides a payment discount or requires pre-payment (such as for events, conferences, meetings, or emergency purchases). Changes to standard payment terms for a Hosted or Punchout catalog are not allowed and are not accepted by the supplier.

NOTE: All requisitions with Non-Standard Payment Terms will route to Purchasing for review and approval.

1. Create a requisition in iBuy and proceed to checkout.
2. On the Requisition-Summary tabs, click the Pencil Icon in the Billing Section.
3. Select one of the following options from the Non-Standard Terms menu under Billing Options.
   • 1% 10 Days net 30 (43)
   • 2% 10 Days net 30 (46)
   • 2% 15 Days net 30 (53)
   • Net 0 (32)
   • Pre-Paid (Internal Notes are Required) (34)
     NOTE: Edit the Internal Notes and Attachments section and add details to justify selecting this option.
   • 0% 0, Net 7 (36)
   • 0% 0, Net 15 (37)
   • 0% 0, Net 10 (38)
   • 0% 0, Net 20 (39)
   • 0% 0, Net 25 (40)
   • 0% 0, Net 60 (42)
   • 1% 10, Net 30
   • 0.5% 10, Net 30 (44)
   • 2% 10, Net 10 (45)
   • 2% 10, Net 30 (46)
   • 2% 0, Net 30 (48)
   • 3% 10, Net 30 (49)
   • 25% 0, Net 15 (50)
   • 0.25% 0, Net 15 (51)
   • 0.3% 10, Net 30 (52)
   • 2% 15, Net 30
   • 1.5% 10, Net 30 (55)
   • 0.5% 15, Net 30 (56)
   • 1% 10, Net 20 (57)
   • 1% 10, Net 45 (58)
   • 1% 30, Net 31 (59)
   • 1.5% 30, Net 90 (60)
   • 2% 20, Net 30 (61)
   • 2% 90, Net 91 (62)
   • 1% 20, Net 30 (63)
   • 2% 30, Net 31 (64)
   • 1% 15, Net 30 (65)
   • 0% 0, Net 45 (66)
4. Click the Save Changes button.
5. Complete and submit the requisition.