My small business has a mix of B2B and B2C clients. When a new client signs up we always ask them what their preferred payment method is. Most people reply with “credit card” or ‘bank transfer’. But on several occasions now clients have replied with “invoice”.
What on earth are they thinking? An invoice is a document detailing what they are being billed for. 100% of our clients get an invoice, but it is not a payment method.
Why do people think that an invoice is a payment method??
Ever been to Europe? All of my clients use “invoice” as their payment method. Usually you get paid within 2 weeks. The bigger the client, the longer it takes (2 months or more is not unusual either).
Here, it seems absolutely absurd to pay via credit card or paypal for any professional services. Especially in B2B.