Postpayment is a very common concept among entrepreneurs. This is a powerful tool that allows you to find the desired and reliable supplier and win time to collect funds for the payment of goods. This article will explain the essence of post-payment and will show how to use it as possible.
Postpayment - definition
Post-payment - Antony of the word prepayment. If prepayment is payment before receiving any service or product, then the post payment is the opposite, payment on the fact of obtaining a service or product. This type of payment is found almost every step: in the store, restaurant, cafe, etc. But the most frequently given term applied in relation to the BDB-sphere (business for business).
Post-payment - example
Consider an example. You decided to start a new business and bring out wholesale products from China and sell them in your country retail. You connect with the supplier and negotiate the timing of the goods. Since the quality of the goods and the reliability of the seller are not quite known to you, you put a condition about postoplates (payment by fact). Get the goods, and only then pay money to the supplier. It is beneficial for both sides of the transaction. For you - because you do not risk losing your money and you can return the goods back to the supplier if something does not suit you. For the supplier - because in this way he is given the opportunity to prove the quality of his product.
Thus, post-payment is a very profitable tool when doing business, which cannot be underestimated, especially if it is about a large and long-term project.
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