It’s 3 a.m. but I can’t sleep, I have made a promise. Explain to new bloggers/influencers how to get paid in time… And what to do if it’s not respected.
Thankfully this NEVER happened to me, probably because I studied Law against all odds (till the end or die trying seriously), and I’m all lawyered up thanks to my family. Lately I’ve been seeing many girls I follow in destress on Instagram. So I thought I’d give you some tips.
First thing first :
How many of you have to chase brands or agencies for updates on your payments? Did this problem ever happened to you? It’s important to quantify this, because we have a voice and we should use it (the smart way) and call out this kind of disrespectful behaviour!
Let’s take a minute and think about this : How would brands react if we were to post a month after the date agreed in our contract?
Let me also ask you this simple question? Why is it that freelancers and bloggers are always the ones facing this issue so often?
The answer that appears to me is that we’re just taken for “fools”. (Don’t even get me started on the just succeeding to “being paid” part. I’ll reserve this topic for another time.)
So here are some tips to stop acting stupidly and more accordingly to what is expected from us, to be BossBabes therefore professionals under any circumstances.
1. GET A WRITTEN STATEMENT!
Before anything, sweet reminder ladies, yeah just in case… Oral contracts are hard to fight/defend in a court (exceptions exists but not here) so you NEED to get a black and white written statement by mail or better a legal contract. I know a contract is not always easy to get because of all the Influencers platforms that blooms. You don’t have to be law educated to make a contract or even create it, many brands will have their legal teams do it for you. Read it 7 times before signing/agreeing to anything! If you have doubts or questions, ask someone, the brand herself or check online forums depending on your country of residence.
2. SET A PAYMENT DATE:
If not stated already, ask how long it takes them to process the invoice. If they tell you it’s 60 days or more, trust me it’s shady… Here’s what the French Law says and it’s usually the same everywhere else in Europe.
“The payment periods between professionals are regulated: without any contrary provisions appearing in the conditions of sale or agreed between the parties, the payment period is fixed at the 30th day following the reception of the goods or the execution of the service. But if it is specified in the contract, the deadline can go beyond the 30 days, without exceeding 60 days from the billing (or 45 days end of month).”
As soon as you’ve delivered the service start counting for 30 days, do not expect the period to start from the day you sent back the contract and/or invoice…
WHAT I DO: I put a disclaimer at the end of all my invoices mentioning when I expect the payment to be due, never had a problem so I guess it’s a smart way to make sure you’re getting paid in time. I also do something else… Keep reading!
3. NOW IF THE PAYMENT IS OVERDUE :
Don’t panic. When did panicking ever solved any problem?!
“Keep Calm and Keep working hard.” This will get you more results trust me.
Give them few days, especially if out of bad luck it’s the weekend or something. Then, send a courteous mail reminding them of their obligation, ask if they were satisfied with the content you’ve created, or if “out of bad luck again” there isn’t a problem with your payments details. I trust they will answer and keep you updated.
Now what happens if they don’t respond? … Panic? Still wrong.
Law is above all don’t worry, it usually solves everything. After week without answer, you can remind them of the Late Penalties or Late Fees.
4. LATE PENALTIES? MAGIC WORDS?
Did you read the link about French Law above? It’s in French so probably easier to understand for the Frenchies.
Here’s what is says, and it really is interesting (even though you’ll have to do some maths huh…)
The GTC must also specify the terms of application and the interest rate penalties due in case of late payment (if the payment occurs after the date mentioned on the invoice).
The interest rate provided for in the General Terms and Conditions generally corresponds to the semi-annual management rate (refinancing rate or Refi) of the European Central Bank (ECB), in force on 1 January or 1 July, plus 10 points: ie 10.00 % (0.00 + 10) for penalties due from July 1, 2017.
But it may be lower, but not lower than the minimum rate of 2.70% (from 1 July 2017), corresponding to 3 times the legal interest rate (= 3 x 0.90%) .
The rate, annual or monthly, can be converted into a daily rate. It is then multiplied by the number of days elapsed between the due date and the date of collection (or the date on which the calculation is made, if the payment has not yet been made).
It is applied on the amount TTC of the invoice.
Penalties are payable without the need for a reminder: sending a registered letter is not required to trigger the right to collect late penalties. (BEST PART!)
They run from the day following the date of payment on the invoice or, failing that, on the 31st day following the date of receipt of the goods or the end of the performance of the service.
They are not subject to VAT.
I bet now you wish you get your payment late right? Aha just joking!
So feel free to mention you won’t hesitate to apply penalties fees of 10% (maximum) if the payment is delayed. And you don’t have to send them a reminder if they’re late, just count the days and then send the new invoice. Easy.
5. FINAL TIPS:
In case of doubt or if the budget and brand allows it negotiate a part (a third or half) of your payment to be delivered before you deliver the service/content!
Also be careful with the payments through PayPal since there is a commission taken by PayPal, raise the initial offer if that’s the case!
Ladies, I think you now have everything to fight in this impetuous world that is the blogging industry!
If you have more questions, please feel free to contact me on Instagram or via e-mail here. If you want to express yourself on this, please leave a comment. And Share to all your friends that might need help with this!