💰Payments Do You Charge Clients More For Late Payments?

[shattered world]

I've got some clients who pay late, sometimes even up to a month late.

This got me thinking that if I were any other mainstream business, I'd be sending out late fees with the next invoice.

I'm thinking I might do this, but I don't want to turn the clients off too much.

Now I'm wondering if anyone here has done that successfully. Tell me how it went cause I'm seriously thinking about doing it to discourage late payments.

 

[SilverClouds]

Month late, wow... I just stop the service if it's unpaid, but I wonder. Also afraid they'll just run away if price suddenly increases lol. Try it and tell us how it goes. I do have a cancellation fee, this usually doesn't happen, but had a client transfer money and then she changed her mind before I started so I sent money back minus cancellation fee. Dumb bitch went to the police (no, I didn't return cancellation fee lol, but it was stressful). Other than that generally I don't do refunds and I hold the money, clients can use it for different services etc (like balance in smm panel idk). I take upfront payments, if client doesn't pay next month, week, etc I just stop working. Newest client sent money and I'm waiting for *him* to be ready since his website is unfinished. Money already mine and I'm using it. Honestly since I get paid upfront I even had situations when small businesses went bankrupt for various reasons (it happens, most businesses fail eh) and I still had their money in my business bank account and they never requested a refund or more services.

 

[Champagne]

It honestly depends on the situation. If it's a long-time client and they're just going through a difficult period, you can cut them some slack and give them a few weeks to pay up. If it's something that happens regularly, I'd let them know in a friendly way that I have bills to pay too and that I expect them to pay on time.


It really depends on the client and the reason they're not paying, but I'd give them at least a few days before charging any extra fees.

 

[t2van]

I've got some clients who pay late, sometimes even up to a month late.

This got me thinking that if I were any other mainstream business, I'd be sending out late fees with the next invoice.

I'm thinking I might do this, but I don't want to turn the clients off too much.

Now I'm wondering if anyone here has done that successfully. Tell me how it went cause I'm seriously thinking about doing it to discourage late payments.

Nah we don't do late fees. To be honest if someone not paid a 3-15k+ invoice chucking 8% on it won't do anything to make them pay.

We got a client who buys off us and we buy off them we both push a 90 day window to the point it takes the piss to be honest.

If someone is late normally 30 days late that we don't know who they are. We send out a 14 day letter to pay the funds or we send it straight to our solicitor to start court proceedings.

The threat of court action 95% of the time for us gets payment or we can resolve the situation before then.