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Business Tips
Best Payment Terms for Tradies to Get Paid Faster
Stop chasing payments. Learn which payment terms work best for trade businesses and how to enforce them politely.
Cash flow is king for tradies. Setting the right payment terms can make a huge difference in how quickly you get paid.
Common Payment Terms
- Payment on Completion: Ideal for small jobs.
- 7 Days: Standard for many service businesses.
- 20th of the Following Month: Common in commercial work, but can be slow.
We recommend shorter terms (7 days) for residential work to keep cash flowing.