Collecting payments on time Collecting Payments How to encourage payments from buyers or retailers.
Types of Contracts Learn the difference between implied and express contracts.
A primer on the rules and regulations that govern employers. There are a variety of ways a business owner can encourage payment from wholesale buyers and retailers. By offering a cash discount, you can encourage early payment in a simple way. The offer of a 5 percent cash discount for early or on-time payment may be all the encouragement some buyers need. If the buyers earn more interest on their cash reserves than is offered as a discount, buyers will likely ignore the cash discount.