this post was submitted on 19 Oct 2024
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Cash on delivery is extremely rare in the business world, especially when dealing with enterprise customers. While I have no doubt many of Twitter's vendors have recently switched to COD, that is not the norm.
These types of relationships typically work on anywhere from 30 to 90 day terms, depending on the vendor, client, and their history.
That might be true, but I think the point is that maybe it shouldn’t be rare (especially when dealing with these guys).
That wasn't their point. They assumed that billing terms aren't already predicated upon an "airtight" contract. I'm not sure how they're defining airtight, but a contract is a legal agreement, and when there's a dispute, those get addressed in court, such as this, right now.
This misunderstanding isn't entirely unreasonable. If someone hasn't dealt with these types of transactions in a business setting, it's not reasonable to expect them to understand how they work, or why they function like that.
I don’t think it’s hard to understand regardless what their experience with billing terms may be.
“Don’t give them credit” still makes sense to me as someone who has that experience. It also makes sense to me as just a normal human that maybe we shouldn’t just let unreliable parties pay later given their wild (basically public at this point) history with paying people.
Did you even read the article...?
Because if you had, you would know that the credit terms were established prior to Musk's takeover.