What does "payment is due upon receipt" mean?

Answer

"Payment is due upon receipt" means that the customer must pay the provider as soon as the customer receives the product, service or the bill. The phrase is most often used for bills that are past the due date. The customer must pay the past-due bill as soon as possible.

Bills typically have a specific due date. For credit card bills, the customer has the same payment due date each month. When a bill says "payment due upon receipt," the customer does not have a specific payment date, but must pay as much of the bill as quickly as possible.

Though the phrase does say "upon receipt," most businesses give customers a buffer zone of a few days to make the payments. This accounts for delays in the mail, bank transfers, paycheck schedules and personal problems that might affect payment.

If the customer is not able to pay the bill in full, some businesses accept partial payments as a show of good faith toward resolving the debt. If the customer fails to pay the bill and doesn't call the company to make arrangements or acknowledge the bill in any way, the company has several options. Larger companies often send big bills to bill collectors while smaller companies with smaller owed amounts can take the customer to small-claims court or file a civil suit.

Q&A Related to "What does "payment is due upon receipt" mean?"
This means the bill is due immediately from the date of invoice. It is best to pay the invoice/statement/bill within a couple of weeks from the date issued and best not to go over
http://wiki.answers.com/Q/What_does_Net_Due_Upon_R...
It means to pay the bill as soon as you get it.
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Payment is due either upon receipt of goods, services, or an invoice for goods or services.
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If a Nevada employer fires an employee, it must pay the employee all earned and unpaid wages at the time the employee is fired, according to the Nevada Revised Statutes. Nevada law
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