Making a successful business even better

Dealing with Late Payers

Some threats/actions to consider 

• Stop all further supplies or work till paid in full

• Stop any after sales support/service 

• Suspend any Warranty

• Threaten to collect all supplies not paid for

• Remove credit facility, 

• Impose cash with order / payment in advance

• Dump persistent bad payers 

To jump to our Getting Paid hints and tips page click here

Some key principles to keep in mind:-

You trade to create wealth - this is impossible without getting paid!

Why should the buyer enjoy the benefit of what they buy before having paid for it!

Make sure payment terms are stated and agreed before the actual sale

Make sure your trading Terms & Conditions are well publicised

Being timid gets you taken advantage of!

Do what you say you will do!