Tips for Payment Settlement Process
                     Tips for Payment Settlement Process
Email - [email protected]
Contact No - +91 7240000901
If you’re also struggling to recover bad debts, here’re the tips that can help you 
with the payment settlement process. 
Propose clear payment terms before joining the partnership
If you've dealt with defaults before, you know how difficult it is to settle 
payments and manage cash flow. Take it as a lesson and set strict payment 
terms before joining a new seller or seller. It's good to do business in good faith, 
but you need to draw a line somewhere to protect your business from fraud.
Be flexible when accepting payments in different ways
This is the digital age and we need to avoid these outdated ways to do business. 
Bank transfers are safer, but you should also consider different ways to accept 
payments. This way, your debtor will not be able to find an excuse to delay 
payments. The demand for digital payments is growing and you need to join 
your club as soon as possible.
That said, be sure to complete your receipt and transaction proof and keep your 
payment records accurate.
Email - [email protected]
Contact No - +91 7240000901
Email - [email protected]
Contact No - +91 7240000901
Billing is important
If you don't have an invoice, you may not 
know which item you sold or purchased. 
Also, I don't know the exact amount. To 
protect yourself from this situation, you 
need to create an invoice for each 
transaction. Save the invoice digitally.
If you have a payment dispute with your 
debtor, we recommend that you carry your 
proof of purchase. If you are new to the 
business environment, credit agencies like 
CreditQ can help you do business the right 
way. When you start a transaction with a 
new customer, you can get a digital receipt 
of the transaction through the application. 
Safe and fast!
Email - [email protected]
Contact No - +91 7240000901
Email - [email protected]
Contact No - +91 7240000901
Ask the credit bureau for help
We're talking about business debt here, so be careful. Continuing with 
the previous points, you can contact the CreditQ team to assist in the 
payment settlement process.
Imagine doing everything you can to get your money back from the 
defaults. You were unfortunately there. In such situations, you can 
consult the legal authorities and this process can be time-consuming. 
Instead, you can consult with the credit bureau to act as an 
intermediary.
You can get your bad debts back and your business runs smoothly.
Email - [email protected]
Contact No - +91 7240000901
GET IN TOUCH
Email - [email protected] 
Contact No - +91 7240000901
Website - https://creditq.in/page/scope-of-settle-payment