3 ms·
It is a funny thing that I find in b2b vs. b2c. If I want to buy some component as a consumer, they’re going to take payment up-front or tell me to screw off i
by Scoundreller 3y ago
It is a funny thing that I find in b2b vs. b2c.
If I want to buy some component as a consumer, they’re going to take payment up-front or tell me to screw off if I ask for them to send first and get paid later.
Meanwhile, receiving the product/service first and then net30 and such payment terms are common in North American business.
I do wonder if business works the same way in other cultures or if they take the approach that consumers typically deal with.
- em-bee 3y agoi heard a story from chinese friends about subcontractors that the large companies in china that contract them even help them to get loans so the subcontractor can actually do their work until they will get paid, and then use the payment to pay back the loan. like payday loans at large scale.
- Scoundreller 3y agoSelling your account receivables is a thing. Often called “factoring”. No idea how common or unusual it is for the customer to help arrange it for the supplier: https://en.m.wikipedia.org/wiki/Factoring_(finance) https://en.m.wikipedia.org/wiki/Factoring_(finance)
- jdksmdbtbdnmsm 3y ago>Selling your account receivables is a thing. Huh? A thing? What is your point here?