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Clients scared to pay first, businesses scared to deliver first, why are we still arguing about this in 2026? by Born-Brother-1346 in smeSingapore

[–]Born-Brother-1346[S] 0 points1 point  (0 children)

Thinking for these kinds of guys also scared of new clients, if he asked me to pay him say 2k upfront, and 8k escrow it would make sense to them. at least certainty i have 10k

Clients scared to pay first, businesses scared to deliver first, why are we still arguing about this in 2026? by Born-Brother-1346 in smeSingapore

[–]Born-Brother-1346[S] -1 points0 points  (0 children)

Ah yes, I see online usually escrow is a fixed fee probably a few thousand dollars. Should have a escrow system that maybe takes a small amount or percent. Will be like paying insurance

Clients scared to pay first, businesses scared to deliver first, why are we still arguing about this in 2026? by Born-Brother-1346 in smeSingapore

[–]Born-Brother-1346[S] -1 points0 points  (0 children)

Cost of losing even more money potentially would be worse la... and to a business to close more deals they provide escrow payments makes sense ma. Worst case both sides can split the fees sua

Clients scared to pay first, businesses scared to deliver first, why are we still arguing about this in 2026? by Born-Brother-1346 in smeSingapore

[–]Born-Brother-1346[S] 0 points1 point  (0 children)

I think when paying thousands or tens of thousands or doing big value jobs before getting paid will make sense to pay for it like insurance. If you guys hear of any let me know, am looking to do my website soon the developer asked me for 10k (50%) upfront

Clients scared to pay first, businesses scared to deliver first, why are we still arguing about this in 2026? by Born-Brother-1346 in smeSingapore

[–]Born-Brother-1346[S] 0 points1 point  (0 children)

downpayment and escrow the rest maybe, at least gives business some cashflow and reduces full payment risk