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Old 03-02-06, 08:55 AM   #1
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Default What are your payment policies

How do you collect money from clients? Do you charge a certain percentage of the total price at various stages of a project? Do you make the client pay a certain amount of money up front and then the rest at the end? Or do you allow them to pay you when you have completed all work?

I am curious as to the different methods people use.
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Old 03-02-06, 09:02 AM   #2
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Default Re: What are your payment policies

Usually 50% at start and 50% on completion. Sometimes this varies depending on the level of trust and past experience I have with the client.

Also if it is under £500ish I say 100% upfront because it is not worth the hassle of splitting it.
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Old 03-02-06, 09:42 AM   #3
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Default Re: What are your payment policies

Quote:
Originally Posted by Avix
Also if it is under £500ish I say 100% upfront because it is not worth the hassle of splitting it.
It's not only not worth the hassle, but you also save money on the fees that are usually deducated by PayPal or Credit Card processors if you take it as one chunk rather than two small chunks.
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Old 03-03-06, 09:08 AM   #4
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Default Re: What are your payment policies

I think 50% at start and 50% at completion is a good idea once the amount for the project goes over a certain amount. Yeh I could see how if the amount is not very large it is not worth it to split in half then. I wouldn't do that either.
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