Poll: Do you offer discounts for early payment? Thread poster: ProZ.com Staff
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This forum topic is for the discussion of the poll question "Do you offer discounts for early payment?".
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What do you mean by early payment: before the agreed date or on time? I deliver quite often before the deadline and no client has ever offered me a higher rate for an early delivery. I do give preference to clients who over the years have paid like clockwork. | | |
No, and likewise I don't expect a higher rate for delivering earlier than agreed if that's my decision, either.
[Edited at 2019-07-09 15:14 GMT] | | |
It depends on... | Jul 9, 2019 |
Usually I don't, but I have one client who offers early payment (within 15 days) at 2% discount, otherwise the payment term is 45 days. So, this client is my only exception. Also, I work with outsources who offer an option to get paid immediately at some discount. | |
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Besides for the pure pleasure, I'm in the business of literary translation to make money, and hopefully to pay for things other than just my month-to-month expenses, i.e., things like airline tickets to go over to the UK and Europe to meet up with clients and colleagues who are also friends. | | |
The question doesn't make sense to me | Jul 10, 2019 |
The work is the same. The amount of care is the same. What does happen, however ... delightfully ... is getting a new end client on the phone, and when you hang up, you discover an e-mail telling you that this person who just phoned you has already prepaid. It has happened a few times now. | | |
Nikolay Novitskiy Russian Federation Local time: 04:48 Member (2018) English to Russian
Some agencies offer discounts for early payment - it's usually about 5%, while the payment is done a month earlier. Sometimes, when you need this money, such option is better than getting a loan
[Edited at 2019-07-10 09:32 GMT] | | |
Michael Harris Germany Local time: 01:48 Member (2006) German to English
I do offer a 3% discount if the invoice is paid within 3 days, other than that I have customers that pay after 14 days or 30 days. | |
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Samuel Murray Netherlands Local time: 01:48 Member (2006) English to Afrikaans + ...
ProZ.com Staff wrote: "Do you offer discounts for early payment?". 1. No, but if a client offers something like a 3% discount for payment within 1 week instead of 4 weeks, I'll accept. I have no objection to this in principle -- the discount buys cash flow. 2. One client of mine is running what I can only assume is an experiment, whereby one week before the agreed payment date their payment system sends me an e-mail offering payment 3-5 days early in exchange for an admin fee of 0.25%. I can accept or refuse on a case by case basis. This means that if I'm owed €100, the payment system charges 25c for payment 3-5 days earlier than the agreed date. The psychology is interesting -- I wonder how many translators do NOT accept the offer every time.
[Edited at 2019-07-11 06:30 GMT] | | |