freelancers – how long to get paid???...
Out of context: Reply #13
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- vaxorcist0
As long as they know they need you more than you need them, you get paid in a reasonable time. So, for a freelancer, this can be a game of perceptions as well as actual contractual arrangements, especially in this economy....
BUT sometimes they people who control the money view freelancers as interchangeable, whereas the creative directors don't. The challenge is making sure the account people know you're more necessary to pay now than somebody else....
Big agencies often have their own rules, but they often also have more ability to float cash and pay when they decide it's necessary... So if they say 90 days, it will actually be 90 days.
Read the news about the company if you can find any... if they're in the process of being bought by annother company, or their CEO just changed, be prepared for a payment run-around until the "new rules" and "new people" have understood that yes, you're important enough to pay now, before they pay somebody else...
I'm most concerned about payment terms with smaller companies that don't have enough cash flow to absorb their clients paying them slowly....