Gordon B. Clarke
Banned
- Joined
- May 29, 2010
- Location
- Denmark
This isn’t just a US thing but I have some potential customers (they usually end up becoming customers) asking for my bank details. This is over and above what I regard as standard information which is on my invoice when sent. I require payment by bank transfer.
What I find interesting is that to most customers, for standard stock items, payment is after receipt so if anyone should be asking it should be me asking about their bank and not them me. For non stock special items then, unless it is a regular customer, I prefer payment in advance.
My question is – why do companies require my bank information when it isn’t me paying them plus not requiring payment until after receipt?
I could understand it if what I was supplying involved large amounts and took time as they’d want to make sure there were no problems while waiting. However in my case it is usually only for a few thousand and even for non stock items manufacturing time is rarely over 3 weeks.
What I find interesting is that to most customers, for standard stock items, payment is after receipt so if anyone should be asking it should be me asking about their bank and not them me. For non stock special items then, unless it is a regular customer, I prefer payment in advance.
My question is – why do companies require my bank information when it isn’t me paying them plus not requiring payment until after receipt?
I could understand it if what I was supplying involved large amounts and took time as they’d want to make sure there were no problems while waiting. However in my case it is usually only for a few thousand and even for non stock items manufacturing time is rarely over 3 weeks.