Small businesses should be paid timely from larger businesses sure yet to what extent should that be regulated? This article argues that regulations can increase costs for small businesses. Australia has maintained a soft approach parlaying on honor and goodwill and quote simplicity. An open approach may be the better terminology. It was noted in this article that small businesses fare better when employing the use of electronic payments such as Paypal or Stripe to the point of 27% as opposed to offline invoices.
Read more: Why advocating on time payments for SMEs is a win-win for all
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