Early Payments Hub
Net 90 Vendors
Net 30 vendors offer 30-day credit terms, often combined with early payment discounts like 2/10 net 30. A 2/10 net 30 payment term gives customers the option to receive a 2 percent discount when paying an invoice within 10 days or pay the full amount of the invoice for the vendor to receive a payment within 30 days.
Net 45 is a payment term used to state that an invoice must be paid within 45 days of receiving it. Sometimes, a vendor may offer early payment discount terms for paying sooner. An example is 1/10 net 45, meaning the customer pays the invoice within 10 days instead of 45 to earn a 1% discount.
Trade credit is a seller providing short-term business credit terms to a buyer (without charging interest) in a business transaction for the sale of goods or services. The supplier bills the customer using invoices to be paid within a stated number of days and records accounts receivable until receiving a cash payment.