A payment term meaning the invoice is due immediately when the client receives it, with no grace period before payment is expected.
“Due on receipt” means exactly what it says: payment is expected the moment the client gets the invoice, with no grace period. It’s the fastest standard term and the friendliest to your cash flow.
For sellers, due-on-receipt is ideal for small projects, new clients, and final balances — there’s no 30-day float where you’re effectively lending money. Pair it with a deposit and you’re rarely exposed. For buyers, due-on-receipt terms are common for freelancers and small studios; if you need longer to process payments internally, say so before signing rather than paying late.
In practice, “on receipt” needs a little humanity — most people can’t wire money the same minute an email arrives. A reasonable read is “within a day or two,” and many sellers quietly treat it as net-15 in enforcement while still setting the expectation of promptness. If you want faster payment as a default, this is the term to put on your invoices.