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Isn't this normal in B2B (of which freelance is kind of a subset)? Normal terms might be net 60, but if you pay in less than 30, there's a discount.
by tedunangst 8y ago
Isn't this normal in B2B (of which freelance is kind of a subset)? Normal terms might be net 60, but if you pay in less than 30, there's a discount.
- planteen 8y agoYes it's completely normal. The author has no idea what accounts receivable looks like at most companies.
- sqrt17 8y agoOne indication that this isn't B2B is the use of WorkMarket instead of dealing with gig workers in a B2B fashion. The stated value-add of WorkMarket is to allow businesses to manage their "freelancers and independent contractors". So businesses take a cut out of the budget to hand it over to a "management" company to sort out the paperwork, and they require their gig workers to provide liquidity to the client business via net30/60/90 terms. One has to be blind or stupid to call this a B2B relationship in the sense of two equals dealing with each other.