Ways to Pay for Larger Transactions
So, you’re thinking about buying a new Tormach machine? Congratulations!
A new machine is an investment in your CNC shop and sometimes making a purchase of a larger size can be complicated and/or a little daunting.
Fortunately, this is something we deal with quite often, so here are a few pointers to help make the process a little easier:
1. Reach Out to Your Financial Institution
Always reach out to your financial institution before making your purchase so you can give them a heads up to your higher dollar purchase and work through any rules and/or limitations they might have.
2. ACH and Wire Transfers
These are both used to move money between banks and are probably the most common way our customers handle larger machine transactions. ACH Payments are typically free, while Wire Transfers have nominal fees to send. If either of these are a payment route you would like to use, please work with your financial institution to send funds to Tormach here:
- ACH Routing Number: 075000019
- Account Number: 700523977
- Wire Transit Number: 021000021
- SWIFT Code: CHASUS33
- City and State: New York, New York
Note: If paying by ACH/Wire, please also send a remittance notice to AR@Tormach.com with your quote information.
3. Credit Cards
Depending on your creditworthiness and financial standing, you may be able to secure a credit card with a high enough limit to cover the purchase. Make sure to confirm with your credit card issuer to see if your significant purchase will be approved. Please note, some credit card companies will flag a purchase as possible fraud when it has a high dollar amount.
Accepted credit cards:
4. PayPal
Can I pay with PayPal? Yes, our web store offers the option to pay through PayPal. You can pay via a linked bank account, or by transferring money from an account to your PayPal account.
5. Do You Accept Multiple/Split Payment Methods?
We do. However, our web store is not set up to accept multiple forms of payment on a single transaction. To use multiple payment methods for a machine purchase, please contact orders@tormach.com and our team will assist you in this payment process.
6. Financing Options
We work with our friends over at Geneva Capital to help provide financing options with our equipment in the US. If that is a route you would like to pursue, head over here and get the process started! Read More about Tormach's partnership with Geneva Capital.
If you are in Canada, we have a relationship Questor Financial. You can reach out to Debra Silas and she will take great care of you!
Or you are welcome to work with your own financing partner.
