Can a client refuse to pay interest on late payment? -

So my client hasn t paid me and its been about 60 days, the account payable person never returned or took any of my all ( made about 10-12 calls total) So I re-invoiced my client and charge 3 % as stated on my invoices that all account are due in 15 days or will be charge 3%.So my client calls me today to tell me that he doesn t pay interest on late account. I find it quite hard to believe... like what if he takes 60 days to pay his phone, internet or electricity bill then would he calls the company to say doesn t pay interest on late payment.Why would freelancer get a different treatment than bigger companies? Is it even legal for him to refuse to pay late interest. If anyone can just refuse to pay interest fee than why are they there in the first place and how to make clients pay on time?

Whenever you sold whatever your product or service is then there should have been a written and signed agreement on your terms of payment. If you didn t get anything signed and there is an agreement binding them to them I m pretty sure you re out of luck.If you do have that then you can take it to small claims (depending on the amount owed) court.

you SOUND like small business owner if this is the case your client probably feels he can put paying you off and late fees interest etc betting you don t have the finances to take him to small claims or pay a business attorney to sue him for the past due. As far as he not paying late fees or interest if he new that is your policy upfront he still owes you that unless to get payment from him you waive the late fees/interest or tell him you will take him to court for what he owes plus interest on balance and usually court costs etc

He can refuse to pay anything he wish. If the debt is valid he is responsible. The key is getting him to pay and are you willing to take him to small claims court to collect?If at all possible find someone else to do business with. Sometimes it is not worth the aggravation. Getting clients to pay on time is a million dollar answer. Companies large and small would love to solve this problem.

Only LOSER clients will do this to you. You have three options here: 1) wait patiently until he gets around to paying, 2) charge this client more upfront to cover any potential late fees (if you charge another client $20/hr, charge this guy $22/hr, 3) stop doing business with this client.Unless the amount is large, it isn t worth pursuing legal avenues.I do billing/collections for a client who has two loser clients of his own, because of this, they pay a higher hourly rate for his work. This is mostly because my client charges things on his credit card that he bills to his clients, so when they pay late, he gets dinged with credit card charges. The higher rate covers his potential losses from these losers (and I m trying to get him to drop them, he s dropped two others in the last year for similar reasons).Good luck!

Its a game. Its wrong to not pay the interest, but what are you going to do? Take them to court over 12-100 bucks?If there is repeat business, hide the interest in the price. Some people call this the aggravation of doing business with you fee.The gas and electric people have a bit more leverage, people need the gas/electric so they keep those bills currentIf it really bugs you, don t do more business with that client. They may have morals different than yours, and if you can afford to, don t do business with them.Not all customers should be your customers.