Client accidentally told me rate they pay - weird conversation.

[SimonMac]

So what's the story here? Your client manager is an utter moron? Anything else that stops this from being in general?

Of course he is a moron, he hired PC!

[stek]

Of course he is a moron, he hired PC!

Someone has to change the tapes....

[psychocandy]

{{yawn}}

[d000hg]

Plus, of those that do, most do not pay within a few days of invoicing. More like monthly invoicing with 30-90 day payment terms.

There are B2B companies who will provide payment factoring (I think this is the right term) where they will pay you immediately when shown a valid purchase order and then they get paid by your client, for 2% of the total or so. For a more typical small business with employee costs, this is very significant, clearly us rich contractors aren't bothered

[jamesbrown]

There are B2B companies who will provide payment factoring (I think this is the right term) where they will pay you immediately when shown a valid purchase order and then they get paid by your client, for 2% of the total or so. For a more typical small business with employee costs, this is very significant, clearly us rich contractors aren't bothered

Yes, you could sell the invoice to a factoring company but, as you say, unless there are cashflow issues, it's better to wait.