Common Payment Terms
- Due on Receipt: Payment is required immediately upon receiving the invoice. Best for small projects or new clients.
- Net 10/15/30: Payment is due 10, 15, or 30 days after the invoice date. Standard for B2B corporate work.
- PIA (Payment in Advance): Full payment before work starts.
What is "2/10 Net 30"?
This is a smart incentive. It means: "The full amount is due in 30 days, BUT if you pay within 10 days, you get a 2% discount." This is a great strategy to encourage early payment without seeming desperate.
Which Should You Use?
- For New Clients: 50% Upfront, Balance Due on Completion.
- For Trusted Clients: Net 15 or Net 30.