Handling late payments from clients?

7 years 10 months ago #480682 by Kelly Lambert
What method of payment are you accepting when a client pays late?    Are you charging an additional % based on contract value or remaining balance?  

Nikon D700: 50mm, 14-24mm, 85mm, 105mm 70-200mm, 150-500mm (Sigma), SB-900
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7 years 10 months ago #480706 by Ruby Grace
3% of bill and I'll accept Paypal and major credit cards.  

Canon EOS 5D Mark II, 17-40mmL, 24-105mmL, 100-400mmL, 300mm f/4L IS, Sigma 12-24mm, 430EX, Extension tubes
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7 years 10 months ago #480765 by effron
Things have changed, me thinks. Way back I NEVER delivered a print package unless it had been entirely paid for. Can't afford those precious pictures, don't hire a photographer......:unsure:

Why so serious?
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7 years 10 months ago #480923 by Kelly Lambert
Thanks for the comments all, good information

Nikon D700: 50mm, 14-24mm, 85mm, 105mm 70-200mm, 150-500mm (Sigma), SB-900
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7 years 10 months ago - 7 years 10 months ago #480931 by Joves

effron wrote: Things have changed, me thinks. Way back I NEVER delivered a print package unless it had been entirely paid for. Can't afford those precious pictures, don't hire a photographer......:unsure:

:agree:
Exactly!
You get part when booking, or to secure your service, and then part to show up, and the remainder to get images. Today you just need to meet them to review the images in my opinion, or Watermark the hell out of them if you are doing the web handling of packages.

And if all else fails hire some big guy to break bones until payment at a 100% inconvenience fee is paid. :P


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7 years 10 months ago #481027 by Kenya See
Aren't you collecting final due before gig starts?


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7 years 10 months ago #481257 by Denise Lattimer
I used to charge a percentage late fee, then had so many people paying late that I scrapped late fees and went to a strict no payment = no work policy. Sad state of affairs but sheesh, the late payments were too much!


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