A customer may not always see a cash transaction until the day after it is made.
A customer may not always see a cash transaction until the day after it is made.And because many people don’t have accounts with businesses that don’t always pay on time, they have little incentive to pay for their work when they get paid. If they don’t have the money on the day after their account is closed, then they may avoid paying for their work because they don’t see the need. It’s a very different problem than paying on time for something you don’t need to.
A customer may not always see a cash transaction until the day after it is made.And because many people don’t have accounts with businesses that don’t always pay on time, they have little incentive to pay for their work when they get paid. If they don’t have the money on the day after their account is closed, then they may avoid paying for their work because they don’t see the need. It’s a very different problem than paying on time for something you don’t need to.I’ve seen this happen many times in the past. One person would have their account closed due to something minor with their payment (say, a bill that was paid on time) and then someone else would have their account closed because they did not pay on time. It seems like a small thing, but the incentive to pay promptly would be very real.
A customer may not always see a cash transaction until the day after it is made.And because many people don’t have accounts with businesses that don’t always pay on time, they have little incentive to pay for their work when they get paid. If they don’t have the money on the day after their account is closed, then they may avoid paying for their work because they don’t see the need. It’s a very different problem than paying on time for something you don’t need to.I’ve seen this happen many times in the past. One person would have their account closed due to something minor with their payment (say, a bill that was paid on time) and then someone else would have their account closed because they did not pay on time. It seems like a small thing, but the incentive to pay promptly would be very real.This is the same thing, but in a different form. If you have an account that is not closed as an in-house account, then you may think that you have the right to pay your account on time, but you do not. This is a huge problem because the accounts can be closed as part of a small company, or as the result of a lawsuit against the company, or as a result of a dispute with a third party.