As I start my fifth year selling yarn at the lowest price online of anyone I need to make some changes in how I will bill you for your orders. Please note in the past five years only two people have not paid me and both were last year. I may still get paid.
Right now I have cash receivables of $1877.33 for 2014 and $1353.22 for 2015 for a total of $3230.55. I just paid out this morning close to $3000 for heddles I have on order.
I get letters like the following:
Hi, I know I owe you for the latest invoice. I've had some financial problems, but I promise I will pay you as soon as I possibly can! This was 3 days ago ($323.30)
Oh my goodness! I'm not sure how I missed this! I will take care of this as soon as I can. Thank you for the reminder. My apologies. This was 12 days ago, still unpaid ($220.68)
I also wanted to take a moment to update you on what was going on. Because of the stolen funds and unpaid bills, we have lost the commercial rental space that we were using for the studio. We were notified yesterday that we have 7 days to remove our equipment. We are looking at a possible rental space shortly and hopefully all goes well and it is a good fit for my business. We are just devastated.. we never saw this coming. As far as the person responsible for this mess, we are having a difficult time proving this. It's a shame what a good lawyer can do for bad people. I am awaiting two large payments from two of my clients. As soon as they pay me, I will take care of my bill with you.If you pray, please say a prayer that this all works out. I still cannot wrap my head around what has happened and still is happening. This was on 10/31/14, still unpaid. ($512.42)
I have one customer I have not been able to contact ($164.37) I will be sending her a registered letter on Monday. I guess we will be taking a road trips this Spring/Summer or I will have to contact some of my kin folk in their state.
So two things I am going to do, which I hate to do. One: All order will be prepaid before I placed or ship the order, you may get an invoice for part of you order and a second then I know the total. Two: all credit card and Pay Pal orders will have 3.5% added to their orders; in 2014 I paid out $2520 in fees. I know this is part of doing business. I guess that is why companies charge $27 for what I am selling at $19.
Please understand that this change will not affect the schools, shops, and weavers that pay with a check in a timely manner.
Thank you for your understanding,
Michael