What does payment upon receipt mean?

Usually, payment due upon receipt means paying by the next business day at the latest. The purpose of this invoice payment term is to communicate to clients that you expect to be paid as soon as your goods or services are delivered. It is the next-best option to getting paid up front.

What do payment terms on a receipt mean?

Invoice payment terms are the contractually-agreed terms of payment between a business and a customer. Commonly, invoice payment terms - or just payment terms - refers to when payment is due, relative to the date in which goods or services were delivered, or when an invoice was delivered.

What is the meaning of receipt of goods?

A goods receipt confirms that the delivered goods match the order in terms of quantity, quality, and type. Using goods receipts improves inventory accuracy, financial control, and supplier relationships by linking orders with received goods.

What does a payment receipt mean?

What is a payment receipt? Also called a receipt for payment, a payment receipt is a document showing proof of purchase. It's given by a business to its customers after payment has been received for any product or service.

What does payment do upon receipt mean?

A payment due upon receipt is a payment that customers must make immediately upon receiving an invoice for a transaction. Typically, businesses use payment due upon receipt to signify that a payment is due by the following business day.

What does upon payment mean?

'Payment Due Upon Receipt' means the invoice must be paid as soon as the customer receives it. Unlike standard terms like net 30 or net 60, which give customers a set period to make the payment, 'Due Upon Receipt' requires immediate payment.

How do you say payment due upon receipt?

Here are some examples of how you can format this part of the request: Please render your payment immediately upon receiving this invoice. [Company name] requires that you complete your payment one business day after receiving this notice. Please submit your payment by the end of the day today, [today's date].

Electronic Signature
Features
Invoice templates
Payment Upon Receipt of Goods

Streamline Your Payment Upon Receipt of Goods Process

Empower your business with airSlate SignNow's easy-to-use eSigning solution. Save time and reduce costs while ensuring secure document transactions.

Sign documents online

Learn more

Collect payments & signatures

Learn more

Add wet ink signature online

Learn more

Sign documents on iPhone or iPad

Learn more

Award-winning eSignature solution

Move your business forward with the airSlate SignNow eSignature solution

Create your signature in seconds on any desktop computer or mobile device, even while offline. Type, draw, or upload an image of your signature.

Deliver a seamless eSignature experience from any website, CRM, or custom app — anywhere and anytime.

Organize multiple documents in groups and automatically route them for recipients in a role-based order.

Collect signatures faster by sharing your documents with multiple recipients via a link — no need to add recipient email addresses.

Create unlimited templates of your most-used documents. Make your templates easy to complete by adding customizable fillable fields.

Create teams within airSlate SignNow to securely collaborate on documents and templates. Send the approved version to every signer.

See airSlate SignNow eSignatures in action

Create secure and intuitive eSignature workflows on any device, track the status of documents right in your account, build online fillable forms – all within a single solution.

Try airSlate SignNow with a sample document

Complete a sample document online. Experience airSlate SignNow's intuitive interface and easy-to-use tools
in action. Open a sample document to add a signature, date, text, upload attachments, and test other useful functionality.

sample

Checkboxes and radio buttons

Try a sample document

sample

Request an attachment

Try a sample document

sample

Set up data validation

Try a sample document

Understanding payment upon receipt of goods

Payment upon receipt of goods is a common practice in business transactions. This method allows buyers to pay for products only after they have received and inspected them. It helps ensure that the buyer is satisfied with the quality and condition of the goods before making a payment. This approach can enhance trust between parties and reduce the risk of disputes.

How to implement payment upon receipt of goods

To effectively implement payment upon receipt of goods, businesses can follow these steps:

Clearly outline the payment terms in the purchase agreement.
Specify the timeframe for payment after delivery.
Ensure that the delivery includes necessary documentation, such as an invoice or packing slip.
Communicate with the supplier to confirm the delivery date and any other relevant details.

By establishing clear guidelines, both buyers and sellers can navigate the transaction smoothly.

Benefits of payment upon receipt of goods

This payment method offers several advantages, including:

Reduced risk: Buyers can verify the quality of goods before payment, minimizing the chance of receiving defective items.
Improved cash flow: Businesses can manage their finances more effectively by delaying payment until goods are received.
Strengthened relationships: This approach fosters trust and collaboration between buyers and suppliers.

Common scenarios for payment upon receipt of goods

Payment upon receipt of goods is often utilized in various situations, such as:

Purchasing bulk inventory for retail businesses.
Ordering specialized equipment that requires inspection before payment.
Engaging in transactions with new suppliers to build trust.

These scenarios highlight the flexibility and practicality of this payment method in different business contexts.

Challenges and considerations

While payment upon receipt of goods has many benefits, there are challenges to consider:

Suppliers may require assurance or guarantees before agreeing to this payment method.
Delays in payment can affect supplier relationships if not managed properly.
Buyers must ensure timely inspections and payments to avoid penalties or late fees.

Addressing these challenges proactively can lead to successful transactions and lasting partnerships.

Using digital tools for payment upon receipt of goods

Digital document solutions, such as airSlate SignNow, can streamline the process of payment upon receipt of goods. Users can:

Prepare and send documents for eSigning, ensuring all parties agree to terms.
Edit and customize invoices to reflect payment terms clearly.
Create and share forms that facilitate tracking of goods and payments.

By leveraging these tools, businesses can enhance efficiency and maintain accurate records throughout the transaction process.

airSlate SignNow solutions for better efficiency

Keep contracts protected

Enhance your document security and keep contracts safe from unauthorized access with dual-factor authentication options. Ask your recipients to prove their identity before opening a contract to payment upon receipt of goods.

Stay mobile while eSigning

Install the airSlate SignNow app on your iOS or Android device and close deals from anywhere, 24/7. Work with forms and contracts even offline and payment upon receipt of goods later when your internet connection is restored.

Integrate eSignatures into your business apps

Incorporate airSlate SignNow into your business applications to quickly payment upon receipt of goods without switching between windows and tabs. Benefit from airSlate SignNow integrations to save time and effort while eSigning forms in just a few clicks.

Generate fillable forms with smart fields

Update any document with fillable fields, make them required or optional, or add conditions for them to appear. Make sure signers complete your form correctly by assigning roles to fields.

Close deals and get paid promptly

Collect documents from clients and partners in minutes instead of weeks. Ask your signers to payment upon receipt of goods and include a charge request field to your sample to automatically collect payments during the contract signing.

Collect signatures

24x

faster

Reduce costs by

$30

per document

Save up to

40h

per employee / month

Our user reviews speak for themselves

Kodi-Marie Evans

Director of NetSuite Operations at Xerox

airSlate SignNow provides us with the flexibility needed to get the right signatures on the right documents, in the right formats, based on our integration with NetSuite.

Check 5000+ reviews

Samantha Jo

Enterprise Client Partner at Yelp

airSlate SignNow has made life easier for me. It has been huge to have the ability to sign contracts on-the-go! It is now less stressful to get things done efficiently and promptly.

Check 5000+ reviews

Megan Bond

Digital marketing management at Electrolux

This software has added to our business value. I have got rid of the repetitive tasks. I am capable of creating the mobile native web forms. Now I can easily make payment contracts through a fair channel and their management is very easy.

Check 5000+ reviews

be ready to get more

Why choose airSlate SignNow

Free 7-day trial. Choose the plan you need and try it risk-free.
Honest pricing for full-featured plans. airSlate SignNow offers subscription plans with no overages or hidden fees at renewal.
Enterprise-grade security. airSlate SignNow helps you comply with global security standards.

Start free trial

Payment upon Delivery of Items

In today's rapid-paced commercial landscape, guaranteeing a seamless and effective document signing procedure is vital. airSlate SignNow provides a robust solution that enables enterprises to oversee their eSigning requirements proficiently, particularly regarding payment upon delivery of items. This guide will lead you through the steps to utilize airSlate SignNow for your document signing needs.

Steps to utilize airSlate SignNow for payment upon delivery of items

Open your internet browser and visit the airSlate SignNow homepage.
Create a complimentary trial account or log in if you already possess one.
Select the document you intend to sign or send for signatures and upload it.
If you intend to use this document repeatedly, save it as a template for upcoming use.
Access your uploaded document and make necessary adjustments, such as adding fillable fields or inserting specific details.
Sign the document and assign signature fields for the recipients.
Click 'Continue' to set up and send an eSignature invitation.

By employing airSlate SignNow, businesses can achieve a notable return on investment due to its comprehensive features in relation to cost. The platform is crafted for user-friendliness and scalability, making it an optimal choice for small to medium-sized enterprises. With transparent pricing and no concealed charges, users can enjoy excellent 24/7 support with all paid plans.

In conclusion, airSlate SignNow streamlines the document signing procedure while ensuring that payment upon delivery of items is managed effectively. Start your complimentary trial today and discover the advantages for yourself!

How it works

Upload a document

Edit & sign it from anywhere

Save your changes and share

airSlate SignNow features that users love

Speed up your paper-based processes with an easy-to-use eSignature solution.

Edit PDFs
online

Generate templates of your most used documents for signing and completion.

Learn more

Create a signing link

Share a document via a link without the need to add recipient emails.

Learn more

Assign roles to signers

Organize complex signing workflows by adding multiple signers and assigning roles.

Learn more

Create a document template

Create teams to collaborate on documents and templates in real time.

Learn more

Add Signature fields

Get accurate signatures exactly where you need them using signature fields.

Learn more

Archive documents in bulk

Save time by archiving multiple documents at once.

Learn more

Connect airSlate SignNow to your apps

Check out airSlate SignNow integrations

Data accuracy, security, and compliance

airSlate SignNow is committed to protecting your sensitive information by complying with global industry-specific

Learn more about security

be ready to get more

Get legally-binding signatures now!

Start your free trial

FAQs

Here is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

Need help? Contact support

What active users are saying — payment upon receipt of goods

Get access to airSlate SignNow’s reviews, our customers’ advice, and their stories. Hear from real users and what they say about features for generating and signing docs.

airSlate SignNow is a great value for the money

5

Will Paccione

We use airSlate SignNow whenever we bring on a new client as if puts the signed agreement in one secure place. In the past, we'd have to send a pdf to the client, have them print it, sign it, scan, and then send it back. airSlate SignNow streamlines this whole process as well as keeping all agreements in one safe secure place.

I found airSlate SignNow less expensive than some of the other apps out there. airSlate SignNow has an upgraded UX which makes it easier to navigate and add fields in the back end. airSlate SignNow makes it easy for the client on the signing side who has never used it before to figure out.

airSlate SignNow is great for businesses that sign a lot of agreements and need to have them in one place. It's great for getting documents signed by people who are not in the same physical location. It's also great for businesses that have to frequently go back and pull those agreements since the search function works very well. It's less expensive than it's competitors for the same functionality.

Read full review

Meeting my Electronic Signature Needs

5

Jay Layton

airSlate SignNow has become a important tool in training sign in sheets and many other critical documents that require the signature of participants and key players. When I require signatures from team members airSlate SignNow makes it easy to send the documents for signatures and track the progress. It truly has made this part of my job easier!

Ease of obtaining signatures through simple technology. Safe keeping of all completed documents. Record retention making a backup in case of lost files.

Due to my large area that I cover, airSlate SignNow makes the obtaining of signatures easier than ever. I can also set up easy reminders for people so that it does not get forgotten. I find the use of airSlate SignNow very beneficial for my profession and have recommended it to several of my peers.

Read full review

airSlate SignNow is the ONLY eSignature program you need.

5

Fred Claus

We use airSlate SignNow as a way to get yearly MSP contracts signed by clients. Our contracts are a standard form that need some blanks filled in based on the client. We use airSlate SignNow to fill in those blanks and send it off to the client for signature. Once the signature comes back we sign it, and then airSlate SignNow sends both of us a PDF copy for our files.

airSlate SignNow makes it easy for the client to move through the document. One click per field and the data is there. Sometimes I even just use the tab key. airSlate SignNow is easy for me to move through when editing a document for sending. They color code the signers so it's easy for me to see who has to sign where. I can also set up in what order the signers have to sign. airSlate SignNow's price is very good as well. What we get from sign now for the price we pay is equal to other companies 3 times the cost.

airSlate SignNow has the best support staff. If I don't know how to do something they are right there to help. Via Chat, phone or email. They are always willing to work things out with me. Very polite and knowledgeable people.

airSlate SignNow is a great product for anyone who has paperwork that needs to be signed. No more chasing down clients, and having to worry about scanning signed documents in. It's also legally binding with the signature tracking file that airSlate SignNow offers with each document. There really isn't a scenario that airSlate SignNow isn't good for. If you need documents signed this product is for you.

Read full review