Secure Final Payment with Verified Funds On-Site

2:16

10:28

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At 2:16 in

How to Collect Money From a Customer

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What happens here

For the final balance of a project, always demand verified forms of payment, such as a cashier's check, direct bank transfer, or cash. Never accept a personal check for the final payment, as they can bounce or lead to difficult collection efforts once you've left the job site. The speaker strongly advises ensuring all funds are collected while still on-site and before demobilizing any equipment or declaring the job completely finished, as collecting afterwards can be "nearly impossible."

Goal: Ensure full and verified payment is received without delays or issues.

Tools and materials

Bank Transfer Details N/A — Providing clients with necessary information for direct deposits
Invoice N/A — Presenting the final balance and detailing payment options
Mobile Banking App N/A — Verifying incoming bank transfers or cashier's checks in real-time
Final Payment Funds — Completing the financial transaction for the project

What they say

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that morning you collect half now you may get this feedback wow I can't be there that day oh that's a great excuse and the answer to that is then they can tape a check to the door if they can't be there that they can have an authorized representative one of their kids or family members there to hand you a check for half down either way you don't start that project the reason is is that is your assurance that at least you'll get half okay there is no right or wrong in between there is no absolute positive way that you'll always be able to collect a hundred percent but this assures that you're going to get half and the last element to this is you collect the balance due that will be the other half plus the minus the hundred dollars the other half before you leave now the way I put it is I want half when I start as soon as you see me show up you see the equipment getting off the trailer I want half and then I want the balance due before my equipment leaves your site that means when I am anticipating leaving that job you have to be there you have to be able to walk you have to make yourself available to go over the project and you have to have the funds ready to pay me then and there that's not the point is while you're still on that jobsite you have a certain level of control from the customers mind because you're still present because you're still working you're more you're more influence more impact and more ability to actually collect a check and once you're gone

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