Thank you so much for sharing this! I was really looking for payment plan options that I didn’t have to manually set and this was a game changer. I appreciate you so much!
I'm always looking for ways to improve my client management processes. A new payment plan sounds interesting, and I'm curious to see how it works. I'm hoping this video will explain the benefits and how it compares to other options.
Mine looks a little different to yours. I am wondering, thought, if you can have a retainer fee as the first payment in an amount that you determine, and then ALSO let the clients choose their payment plan? For example, I charge a $200 retainer fee. I want the first payment to be that fee. After that, I'd like to let them decide how often they would like to pay. Is this possible?
@@junypir hey! So currently right now the payments are split up based on the total amount of the invoice. But as a workaround, you can send one invoice with the retainer fee of $200. And then send another invoice (let’s say going forward) with the total remaining amount and then allow them to choose the “client payment plan” option. It will break the payments up evenly each month.
Great video. Question. Being that Honeybook has its payment collection system. What is the transfer turnaround time between Honeybook and the institution? I run a seasonal business that collects payment in a short period and the project is completed within 2-3 after approval and the deposit is submitted. I want to make sure the deposit can go towards the project in a reasonable time to avoid an operating deficit. I'm trying to determine if I should set a week-out schedule after approval.
Hey! Sure. So, I have the HoneyBook Bank account so funds automatically go there and I have access to it with my Honeybook debit card. If you have it connect to your regular bank, I believe it’s only 1 or 2 days at max.
Yes! I think it’s a good option as well. But I’m like you, I’m not sure if I would use it or not. If I did decide to use it, it would probably only be for our website design services as we keep full ownership for the website until it’s paid in full. But with our Honeybook setups I’m not sure it would be feasible.
🗨Let me know in the comments if you would use this feature?
Thank you so much for sharing this! I was really looking for payment plan options that I didn’t have to manually set and this was a game changer. I appreciate you so much!
@@cd.creativeco awesome! Glad you found the video helpful
Been looking for this tutorial. Thank you very helpful
@@user-xg3rw3ih8i you’re welcome! Let me know how it works for you
I'm always looking for ways to improve my client management processes. A new payment plan sounds interesting, and I'm curious to see how it works. I'm hoping this video will explain the benefits and how it compares to other options.
Sounds great!
Mine looks a little different to yours. I am wondering, thought, if you can have a retainer fee as the first payment in an amount that you determine, and then ALSO let the clients choose their payment plan?
For example, I charge a $200 retainer fee. I want the first payment to be that fee. After that, I'd like to let them decide how often they would like to pay. Is this possible?
@@junypir hey! So currently right now the payments are split up based on the total amount of the invoice. But as a workaround, you can send one invoice with the retainer fee of $200. And then send another invoice (let’s say going forward) with the total remaining amount and then allow them to choose the “client payment plan” option. It will break the payments up evenly each month.
Great video. Question. Being that Honeybook has its payment collection system. What is the transfer turnaround time between Honeybook and the institution? I run a seasonal business that collects payment in a short period and the project is completed within 2-3 after approval and the deposit is submitted. I want to make sure the deposit can go towards the project in a reasonable time to avoid an operating deficit. I'm trying to determine if I should set a week-out schedule after approval.
Hey! Sure. So, I have the HoneyBook Bank account so funds automatically go there and I have access to it with my Honeybook debit card. If you have it connect to your regular bank, I believe it’s only 1 or 2 days at max.
@@kenniquaj thanks
@@robertpaidprice you’re welcome
@kenniquaj I just subscribed & turned on my bell. Amazing video
@@robertpaidprice thanks for subscribing 🎉
Love this feature however I don't want my clients to wait to pay monthly... I'd love to choose my own due dates for all payments!
Yes! I think it’s a good option as well. But I’m like you, I’m not sure if I would use it or not.
If I did decide to use it, it would probably only be for our website design services as we keep full ownership for the website until it’s paid in full.
But with our Honeybook setups I’m not sure it would be feasible.