Bank payment times

Author
Discussion

surveyor

Original Poster:

17,811 posts

184 months

Thursday 30th October 2014
quotequote all
I recently did some work for a very large Indian company on UK Property.

They paid me yesterday. Money sent about Noon our time, arrived in my bank account 3 hours later.

Compared to the farce of getting paid from the US and Europe we are put to shame...

rich1231

17,331 posts

260 months

Thursday 30th October 2014
quotequote all
Had you worked with them before in anyway. I would assume not else they would have delayed it in some way just to annoy you as I feel compelled to do the same.

Payment systems a cross the globe are complex and settlement times for payments rely on a number of factors. I find payments from the US, Eurozone and UK can all clear on the same day they are made.

surveyor

Original Poster:

17,811 posts

184 months

Thursday 30th October 2014
quotequote all
Nope first time. Nice people as well.

I've also just done some work for a large UK based supermarket. I wonder how long they will take to pay.....?

insurance_jon

4,055 posts

246 months

Thursday 30th October 2014
quotequote all
the indian business culture is payment on demand. not plus n days

we use a marketing company out there and we pay them promptly as it is important to them. in return anything we ask gets done instantly