How does payment work?
We accept payment by cheque / bank transfer or securely over the phone. We accept all major credit and debit cards although credit cards will incur an extra 2% charge to process. Before your order is processed we require your payment in full, although if your order is over 400 we have various flexible payment options available. Please contact us for details.
Tuition is payable monthly and is due by the 7th of each month. We accept cash, personal checks, Visa, MasterCard, and Discover. You may pay in person, opt to do automatic payment with a credit card, mail you payment or phone it in if you know that you will not be in class the first week of the month.
When you proceed to checkout, you will be asked to choose to pay through credit card or Paypal. Only payment from a bank account may be made through Paypal; credit card transactions can not be done through Paypal. The name on the credit card must match the billing name of the person making the order, and the billing address must match the billing address where your credit card statement is sent. If paying by Paypal, you will receive a Paypal payment request. Please respond to this request promptly so that your order can be processed. To protect your privacy and prevent fraud, we do not keep credit card numbers.
The sign-up process is very straightforward. Owners first put a modest deposit down to secure their place in the Owners’ syndicate of a specific yacht for a period of one month. If they sign up within that month, payment of the balance of the advance deposit is made. Once all Owners in any given yacht have done the same, the deposits become non-refundable, the order goes in and Owners can look forward to taking delivery of their yacht roughly 18 months later. From that point on, one annual payment covers both the acquisition and maintenance dues of the yacht for the length of the Programme. Apart from alleviating the cash-flow impact of upfront acquisition, this financing mechanism is engineered in such way that it achieves a zero VAT rate on our Owners’ purchase of their share, saving them between 17.5% to 25% on the price of their share.
