Due on Receipt

Payment Terms

Payment is expected immediately upon receiving the invoice.

Detailed Explanation

Due on Receipt (also written as 'Due Upon Receipt') means payment should be made as soon as the customer receives the invoice, typically within a few days. This term is commonly used for small transactions, one-time services, new customers, or situations where immediate payment is necessary. While it doesn't specify an exact number of days, it generally implies payment within 5-7 days of invoice receipt.

Examples

  • A freelancer requests Due on Receipt payment for a small project
  • First-time customers may be asked to pay Due on Receipt

Related Terms

Net 30 Payment Terms

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