4 ms·
A client that pays on time and, even better, via direct deposit, and doesn't complain or question you every month feels soooo much more professional. They give
by djKianoosh 13y ago
A client that pays on time and, even better, via direct deposit, and doesn't complain or question you every month feels soooo much more professional. They give you a sense of great stability (financial and psychological). These are great partners, not just clients.
- Amadou 13y agoYikes. I don't know if you are in the US or not, but in the US "direct deposit" means the depositor has both deposit and withdrawal rights (ostensibly to let them self-correct any deposit errors). I would never permit a client that level of access to my bank account, not even for just a deposit-only account which automatically sweeps all funds to another account. To me, that level of interconnectedness says "employer" not "client."
- StavrosK 13y agoIn Europe, direct deposits are the norm (they're how you get money into people's accounts), and they have deposit-only rights.
- run4yourlives 13y agoIn Canada withdraws and deposits are separate. Most employees are paid via direct deposit up here, and it's been that way since like the early 90's.
- quicksilver03 13y agoHow your clients pay you? Do you get checks (pieces of paper in an envelope) mailed to you?
- bitcrusher 13y agoThere's a pretty significant different between EFT ( what you're referring to ) and ACH, which is the transfer of money directly into an account electronically. It makes business sense to have all of your clients pay you via ACH if possible, however, you're correct that EFT is not a good idea.