General Category > General Questions

late charge fee

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gderilus:
If you charging a percentage for your services, is it ok to charge your clients an extra percentage for being late on payments. I think this would be a way to receive payments on time from the provider. Would it be ok if you have it in your contract or would that scare them away.

PMRNC:
It's your business, so as long as you address this in your contract you can charge a late fee. You should check with your state guidelines on late fees or interest.

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