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  1. #1
    Join Date
    Oct 2002
    Hershey, PA

    What penalty do you impose for late payments?

    How much of a weight do you put on late fees? Plans can be from 5.00 to 499.00(dedicated), how do you calculate your late fee. Do you give a across the board fee like 5 dollars or do it by a percentage? Feedback is appreciated.
    IQ Studio
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  2. #2
    Join Date
    Oct 2002
    New York
    I havent had to _yet_ but I've set it in stone that it will be 10% of their monthly payment, bigger the debt, bigger the fee.. Thats how it should be, because we all know that most hosting companies cannot afford to let payments slide.
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  3. #3
    Join Date
    Nov 2001
    Kansas City, Missouri
    Ours is:

    $5 or 5%, whichever is greater - and this is rarely enforced unless someone is paying late each and every month, then we will start assessing the fee.

  4. #4
    Maybe you should put all your accounts on automatic recurring payment. That saves you alot of work and headaches.

    But I guess for very big clients, it's ok to accept checks - but they are less likely to default also.
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