At 11:33 AM 9/18/2003 -0400, Michael N. Marcus wrote: >> In a Panasonic installation, I get 50% down to cover the Pana hardware, >30% >> when the system is substantially installed (ie your delay is not my >> problem), and the balance net 30. Now the slow pay for the 20% isn't so >> much of a problem. >> >> Carl Navarro > >If they can't give you a check for the last chunk on completion, ask for a >credit card number. > >You're better off paying a few bucks to the credit card company and getting >97% of 20% today, instead of 100% of 20% in 30-90 days...or 0% of 20% when >they go bust in 180 days.
Wow, in 22 years I have taken about 4 credit cards to pay for a system. So many that I don't even have a merchant account for the last 17 years (I do have a Paypal account). My national accounts are more of a problem than the local ones. I guess getting in their face and threatening to take/or not completing a key portion of the installation usually gets a check upon completion. I think my writeoffs in 22 years is about .01%. I walk away from a lot of bids where it looks like the customer is just "kicking the tires". The 50% usually seperates the wheat from the chaff. You don't know me, I don't know you, but I want you to give me half down :-) My worst nightmare is the national's trick, "Well we haven't been paid yet so we can't pay you." Huh? Did I work for you or the customer. Oh. Give me the number and I'll call the account and do my own collections. And BTW you are on credit hold and CIA for all future jobs. They want 10% hardware markup and to use your money for 90 days....Bzzt. Wrong answer. Carl _________________________________________________________________ KX-T Mailing list --- http://kxthelp.com/ Subscription changes: http://kxthelp.com/mailman/listinfo/kxt
