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mthomasb on Aug 20, 2015 | parent | context | favorite | on: Bonsai: Bulletproof contracts, simple e-signing, e...

Indeed, still exploring carrot and stick options here to get clients to pay on time.

One nice idea we've come across is a trivial discount for early / on time payment (~1-3%). We've heard anecdotally that it helps!

s73v3r on Aug 20, 2015 [–]

I hope that's coming out of your share.

pyre on Aug 20, 2015 | [–]

You just quote high enough that the "discounted" rate is the real rate and the not "discounted" rate is the penalty rate. Then you're just rephrasing things (discount vs. penalty) to put a better spin on it.

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