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Oh boy; I know, and I hate these terms as they can mean different things to different people/companies. From their faq: "When do you send payouts? Payouts ar
by ohyeshedid 7y ago
Oh boy; I know, and I hate these terms as they can mean different things to different people/companies.
From their faq:
"When do you send payouts?
Payouts are sent on a NET + 10 basis. It means that for every work completed and approved in a specific month you get paid for it on 10th of the next month. E.g. if for work completed and approved during September you'll get paid on October 10th."
This is basically Net 30 + 10. It can get even more complicated by internal payables cycle.
Edit: When seeing things like Net+10, always asks what the Net term is; it could be anything + 10 days.
EditEdit: That 10 days you're referencing would be from the end of the month, not the beginning. From the beginning of the month, you're 40 days out. With legit corporate work, or direct to legit customers, this can work; when you're subcontracting to seo shops like this you won't even know you're not getting paid or have to fight for it until the next month.
- stephenr 7y agoI don’t think that’s what most people would see as “net 30”. Terms are always from the invoice date, which in their case seems to be last of the month.