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The pros and cons of upfront payment and credit terms

24/04/2013 / Comments 0

The decision as to whether or not to offer credit terms can be difficult.

The balance between protecting your business from the potential risks involved and providing an attractive proposition to win and subsequently retain customers is tricky.

Take a look at the range of pros and cons of both upfront payment and credit terms…

Upfront payment

Pros

Cons

Credit Terms

Pros

Cons

For more on this topic take a look at our blog post the top 5 most-resented payment terms which looks at poor payment practices SMEs have had to deal with.

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