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How many of you have a payment policy and what is it? For all weddings I ask them to pay half down 6 weeks in advance and we ran into our first problem we are doing this young couple's wedding June 29th and she sent us a check and last week I took it to her bank and bankteller says she has insuffient funds, she said maybe she just didn't get to the bank yet. (Today it cleared) Well now I'm wondering at the wedding would it be rude to ask for the money at arrival instead of waiting until the end of the night. We never had this happen before. First time for everthing. (Learning experience)What about all of you's who KJ in the bar do you get paid at the end of the night also? I require the half down for weddings cause if they cancel I could've been booked elsewhere. So what is your payment policy?
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Hey Stacy--- At regular clubs we get paid at the end of the night with the exception of five accounts. The ones that pay at the end of the night either pay cash or check and payment is due once services are rendured. For the other accounts, these people are invoiced and info is sent to their home offices. We receive their payments by check anywhere from one week to 30 days after services have been rendured. We have agreements with these establishments that that is how they will pay us. As for pvt parties. We charge $100/hour for the first 3 hours and $75/hour for each hour over that. We ask for 25% deposit and in 11 years have not had any problems with bounced checks or anything like that. However; if it did happen to us, we are binded by a contract between our company and the party and bounced checks is covered in that contract. It was one contract which was drawn up with the help of a lawyer (for legal purposes) and we just cut and paste needed info where it needs to go.
Posts: 139 | From: USA | Registered: Feb 2001
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Hey, some good ideas above. Hadn't considered the bounced cheque issue before.
For all our private parties we get a non-refundable $100.00 deposit. Pay for services is due PRIOR to the start of their show. IE: equipment does not get turned on until we have been paid by cash or cheque.
For all our bar gigs its run of the mill. Payment at the end of the night, sometimes from my pocket to the bars depending on how much liquid fun is imbibed. LOL
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Gonzo Thanks for the very useful info. You were very lucky in your 11 years no bounced checks. We all learn from trial & error. I didn't want to do the contract thing but if it protects my butt from this again it will be worth it. Again Thank you Stacy
Posts: 798 | From: Wisconsin | Registered: Mar 2001
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For a private party I would suggest taking a 1/4 to 1/2 non refundable deposit. Clubs are expected to pay after the night. I work with and without a contract in different venues, and want my 1099's. I did not receive one from a venue last year and so turned in a slightly overestimated amount. I have the exact figures, but in case they sent me an inflated one I filed this way.
The full payment of an event is due at the time of service. I rarely been stiffed.
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