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Payment Terms

Overview​

What are payment terms like Net 30, Net 60 and Due on Receipt?

Payment terms are a way to indicate to a customer how quickly you expect them to pay your invoices in full.

For example, Net 30 payment terms means you expect them to pay the full amount within 30 days of the invoice date.

The net terms drive the due-date of the invoice. If an invoice is Net 30, then the due date is calculated as. So the invoice date, plus 30 days.

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Once the due date is reached, the invoice is overdue.

Many subscription based businesses will not use net terms at all, their invoices may always be due immediately.

The standard payment terms ChargeOver supports are Net 15, Net 30 and Due on Receipt, which means the invoice will be due immediately. These options can be found in your settings under the Invoicing tab.

You can customize the default payment terms by choosing any option from the dropdown called default payment terms.

If you need other payment terms, please contact us and we can get them added for you.

Edit payment terms on a customer​

You can edit the payment terms of a customer quite easily.

  1. Find the customer you want to edit
  2. Click the Edit tab on the customer
  3. Click 'more advanced options'

Adjust the customers net terms by clicking the default terms dropdown.

Click Save.

Edit payment terms on an invoice​

You can edit the payment terms on an invoice by clicking the edit button under invoice actions once you are on the invoice you want to edit the terms for.

Click 'more advanced options.'

Adjust the invoices net terms by clicking the payment terms dropdown.

Click Save.

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Note that this will only change the default terms for new subscriptions, new invoices, and new customers.

Please contact us if you need help bulk changing the terms for existing subscriptions, invoices, or customers.