Watch now: (13 mins)

In this edition of Knowledge Base, Richard Liew talks with Paul Veric, cofounder of payment app IPromise.

We tackle the tricky subject of collecting payments from clients, which can be problematic for businesses that incur costs such as labour and materials when delivering their services to customers, but then have to wait up to 30, 60 or even 90 days for customers to pay their invoice.

Paul explains what IPromise is doing to eliminate payment risk for service providers as well as sharing advice on what business owners can do to avoid late payments and payment disputes.

Topics Covered:

  • Why late customer payments are such a problem
  • What can business owners do to avoid late customer payments?
  • What is payment escrow?
  • How does it work?
  • Quoting tips and agreements for delivery

IPromise is a supporter of the Startup NZ entrepreneurs scholarship programme.

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