Are Early Payment Discounts a Good Idea in Today’s Economy?
Using Prompt Pay Discounts for Tactical Advantage
A Prompt Pay Discount, also referred to as an early pay discount, provides your customers with the choice of paying invoices at a discount by the discount date or paying the full amount by the due date. Discounts typically range from half a percent to 2 percent. Discount dates are usually set for 10 to 15 days after th…
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