What percent of total payment should I demand for as advanced payment as a service provider?

[Trush Jodie]

Talking about advanced payments for service jobs from clients, artisans always place premium on that. The big question is the ideal percentage of total payment should be paid as advanced payment. 50%? 60%?

What percentage of total payment is good enough as advanced payment for both sides?

 

[Suba]

Each service provider will determine a different advanced payment, or depending on the agreement with the customer, there is no specific benchmark, how much advanced payment the customer must pay, but generally around 20% to 100%, because personally I prefer to pay in full in advance, so that the collection of goods can be done by anyone even by the courier.

 

[Augusta]

For me asking for a 40% advance payment without beba bad idea. At least get to these amount before commencing work

 

[Niyi Br]

I always take at least 60% advanced payments. That is what works for me. I don't want a client to owe me much money.

 

[Kross]

I think that 50% as advanced payment for a service is not bad. If you can hold out for as much as 70%, it is just perfect.

 

[eLdavis]

I think 50% to 60% is completely okay, as long as it is enough for you to start processing the job, then go ahead and accept.

 

[King Belieal]

I won't mind getting 80% of the total payment as advance. That would motivate me to deliver quickly.

 

[Min George]

Advanced payment that you should take from a customer depends on many factors. Some sellers even look at the pedigree of the customer to determine the amount they should demand as advanced payments.

 

[Kross]

I am not a fan of advanced payment really. But if need be, a 50/50% would do. Just be sure the work is done accurately.