What happens if I'm late on an invoice?

We understand things come up, so here's how late payments work:

• Day 5 past due: A late fee is assessed, equal to the greater of 1.5% of the overdue balance or $25. First occurrence per account may be waived at our discretion.
• Day 10 past due: Your account is placed in overdue status. We may disable dashboard access, redirect mining rewards to a Simple Mining wallet to apply against what you owe, or suspend hosting services.
• After Day 10: If the balance remains unpaid, we may issue a formal seizure notice, which starts a 30-day cure period for you to pay in full.

Interest also accrues on unpaid balances at 1.5% per month (18% per year) or $25 per month, whichever is greater.

If you're going to be late on a payment, please reach out to accounting@simplemining.io before the due date. We'd much rather work with you than pursue collection.