faire late payment | BTCC Learning Hub

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How much is a late payment fee?

As an example, consider the case for California. The annual legal maximum of 12% equates to a monthly maximum of 1%. For an invoice of $1000 that is one month late, this would mean a late payment fee of $10. If you’re going to use late fees, make sure that the calculation of those fees is clear.

What is faire payment terms?

This way, new retailers can hold onto their cash for other expenses, like rent or payroll. What are payment terms? If you qualify for payment terms on Faire, your payment method won’t be charged until 60 days after you place an order (or 60 days after the ship date if fulfillment takes more than 14 days).

What happens if a customer pays a late payment fee?

There could be a problem with the invoice, or products and services delivered. The customer may face other circumstances - such as temporary financial problems. Losing a good customer over a late payment fee may be excessive. It could be better to preserve the relationship and not charge late fees.

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How much is a late payment fee?

What is faire payment terms?

What happens if a customer pays a late payment fee?

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