Net 60
Payment TermsPayment is due in full 60 days after the invoice date.
Detailed Explanation
Net 60 payment terms give buyers 60 calendar days from the invoice date to make full payment. This longer payment window is typically offered to established customers with good credit history or for large orders that require more time for the buyer to generate revenue. While beneficial for cash flow management on the buyer's side, Net 60 can strain the seller's working capital and is less common than Net 30 terms.
Examples
- A manufacturer offers Net 60 to large retail chains
- Invoice dated February 1st with Net 60 terms is due by April 1st