Craziness I did not realize
November 4th, 2008 . by FredGlam Media Blames Economy, Slows Down Payments To Publishers
Long payment terms are just business as usual with ad networks - it often takes our partner Federated Media six months or more to get us payment for ads served on TechCrunch.
I had thought I had been part of internet advertising and gained some experience, but this little tidbit from a TechCrunch article really shocked me.nbsp; TechCrunch seems to be okay with waiting 6 months for payment, and more importantly, considers it business as usual.
Scribefire paid out within 7 days of a month closing.nbsp; While at RightMedia, the books were closed well before then as well.nbsp; Quite frankly, it is shocking that any business would be okay with someone else holding their money for 6 months (think of the interest payments).
Anyone else hear this before?nbsp; Any networks out there able to pull off 6 month payment terms?
Likewise, I have been running fairly large sites, few million unique per month, for years and have never come across this sort of term.
Typical would be Net 60 or maybe Net90…though most like Gorilla Nation, Tribal are all Net 60.
Only daft bloggers would agree to Net 120 or more…crazy. Imagine federated goes tits up…six months of your cash gone…plus the interest as you say.