A payment reminder is a friendly signal to your customer that an outstanding invoice has not yet been paid. For you as a business owner, it’s a key step in your credit management process: you stay professional and maintain control over your cash flow.
A payment reminder email is sent to remind the customer of an overdue invoice. The goal? To encourage payment—without straining the relationship.
Table of contents:
- When should you send a payment reminder?
- What are the costs of a payment reminder?
- Difference between a payment reminder and a final reminder
- Examples of a payment reminder
- Tips for an effective payment reminder
- Efficient credit management with Payt
- Frequently asked questions about payment reminders