Strategic Procurement Services

Strategic Procurement Services

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​Payment Terms and Methods

Payment Terms:

The University’s payment terms are as follows – note, payment terms are listed in order of Queen’s preference:

Payment Method

Term

Visa Payables Automation (VPA)

Net 0 -7 days from invoice approval

Electronic Funds Transfer (EFT)

Net 60 days from invoice date

Automated Clearing House (ACH)

Net 60 days from invoice date

Wire – International Suppliers

Net 60 days from invoice date

Cheque – CDN/US/International (where Supplier cannot accept above listed remittances)

Net 60 days from invoice date

Visa Payables Automation (VPA) Program

Definition of Payment Methods

If you have questions regarding payment terms, please contact Nicole Fowler, Manager, Senior Procurement and acQuire/Accounts Payable (email: nicole.fowler@queensu.ca or ext. 32209).