Bankruptcy Clients

Ink Guy · November 22nd, 2011, 06:14 PM

Quote:

Originally Posted by megrisoft

How you handle if you have pending payments for any client which sends you email to talk to his lawyer to recover payments as he said they have filed bankruptcy

Its reputed big LLC Company in Irvine which is not paying digitizing payments!

Why can't you get a credit card and charge out each order as a sale or if you do a lot of work with them, close out each day.

Ink Guy · November 22nd, 2011, 06:20 PM

Quote:

Originally Posted by megrisoft

How you handle if you have pending payments for any client which sends you email to talk to his lawyer to recover payments as he said they have filed bankruptcy

Its reputed big LLC Company in Irvine which is not paying digitizing payments!

Why can't you get a credit card and charge out each order as a sale or if you do a lot of work with them, close out each day?

Robert Young · November 23rd, 2011, 08:44 AM

many clients wont pay on cc.. the prefer to control their accounts payable by turning net 30 into net 60-90 or even 120. Some clients will only pay for digitizing AFTER their client has paid them. I have found this especially true with larger clients. If you don't allow them terms they will go elsewhere. This is sometimes a better bargaining chip than the lowest price to them for digitizers who can afford to wait on payment.

Ink Guy · November 27th, 2011, 07:43 PM

Quote:

Originally Posted by Robert Young

many clients wont pay on cc.. the prefer to control their accounts payable by turning net 30 into net 60-90 or even 120. Some clients will only pay for digitizing AFTER their client has paid them. I have found this especially true with larger clients. If you don't allow them terms they will go elsewhere. This is sometimes a better bargaining chip than the lowest price to them for digitizers who can afford to wait on payment.

Why do you let your clients run your business?

You don't make your clients go by your rules because you are afraid you lose them. Instead, you go by their rules and they don't pay you.
1) Take their job
2) Complete their job
3) Get paid for their job
4) If they don't pay then don't do the next job.

When you go to Walmart at the check out counter, The cashier rings up your total. $265.10. You pay her cash. then you relise you forgot to buy a pack of gum. That will be 75 cents please.
No Pay - No Get

Robert Young · November 28th, 2011, 06:09 PM

Quote:

Originally Posted by Ink Guy

Why do you let your clients run your business?

You don't make your clients go by your rules because you are afraid you lose them. Instead, you go by their rules and they don't pay you.
1) Take their job
2) Complete their job
3) Get paid for their job
4) If they don't pay then don't do the next job.

Personally we have a very good pay rate. for 2010 we had ONE client not pay us, so it really is a non issue for us to allow those who want terms to have them. As I said as long as they are paying and I can afford to wait then I see it as one additional reason they might not look elsewhere. But then again if they are using us then price is obviously NOT their main concern.