0
Is good for company to make payment of something and collect from customer later?
Wiki User
∙ 11y ago
It will defends on the situation,The advantages to make payment later to the customer.The company saving money or invest it to the bank
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the process from making an inquiry placing an order to delivery of product?
After a customer inquire about the cost of an item, he requests a quote on the item. If he likes the price, he will then place an order. The company will then issue a proforma invoice detailing all relevant information as cost, payment terms and method of delivery. The customer then makes his payment according to the terms of the proforma invoice, and the product is then shipped to the customer.
Customers will demand different responses to create rapport and achieve customer satisfaction?
Each class of customer will demand different responses to create rapport and achieve customer satisfaction. The class of a customer is determined by their buying patterns and payment behavior.
What is the definition of a customer?
A customer is a person or party who receives a service or product in exchange for a payment of some sort. Customers may also be referred to as clients, buyers, or purchasers.
How do transactions happen between the customer and the service provider?
When the customer finds the service they need and chooses the service provider they like, they just order this service by choosing date, time, and where they want to receive the service. Their payment goes to our PSP (Payment Service Provider), When the service provider provides the requested service, the payment is sent to the provider's bank account.
How do you contact to a customer service representative about an account with an EPPICard Visa?
The EPPICard, a payments card used to streamline the payment of government benefits to individuals, is issued in 19 states (as of 20 Oct 2010) and the customer service number for each state is different. However, you may find the right phone number by using the related links provided for this question.
How do you convince the customer to make a payment to the company?
ask customer to make a payment that they afford to reduce the total amount within the given time rather than they never done any.
What is payment processing?
When a customer wants to buy something from your website, they will be asked to pay online.
Car dealer forgot down payment?
The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.
What is a goodwill payment?
A payment made that is someone or a company is not obliged or legally required to do so. It is usually done to retain the business of a specific customer.
Can a debt collector legally come to my home or workplace?
Can a loan company come to your home to collect payment? Personal Loan...
How many years of not making a payment can a credit card company still collect from you?
as long as they want to, Generally they will sell the account to a collegetion agency after 6 months of non-payment
How do I Collect the depreciation from Homeowners insurance claim?
If you want to collect the depreciation your insurance company withheld from your claim payment you must make the repairs to your home. After you make the repairs contact your insurance company and they should issue a check for the depreciation.
When revenue normally recognized for financial reporting?
Revenue is recognized for financial reporting when it is both earned and received or receivable. Earned means that the company did what it should to receive the money - delivered the product or service the customer was purchasing. Received or receivable means that the company either collected money or reasonably expects to collect payment.
If dealer Forgot to collect down payment?
Then he's a total plonker!The finance company will chase you for it, they won't miss a thing, believe me.
Can an employer sue you for not being able to collect a payment from a customer so they sue you for the amount that you could not collect because the customer was not wanting to pay?
It depends upon the terms of your employment. However, it would be an odd situation if your employment agreement held you responsible for the non-payment by your customer. It is conceivable, however, that the terms of your employment required you to vet the finances of the customer to ensure an ability to pay. If you failed to do this, or did a poor job in doing it, it is possible that your commission could be back-charged. Again, though, it would depend upon the terms of your employment or distributor agreement.
What legal actions can a credit card company take to collect a 500 dollar debt?
If this about you, you can be sued.You need to pay the company, or make payment arrangments. This won't go away trust me.
What steps are included in an automated clearing-house transaction?
First, the customer authorizes an electronic entry to their account. Second, the company introduces the electronic payment data through its bank. Third, the originating institution receives electronic payment data from the company
