(Closed) Paying vendors in advance

posted 6 years ago in Money
Post # 2
Member
1252 posts
Bumble bee
  • Wedding: July 2016

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FantasticFawn:  The incentive the vendor has for doing a good job is that you’re a paying/paid customer. All vendors know that word of mouth is the best way to get more business so I think that argument is invalid.

I like your idea. Put it on the CC, then pay it off right away. You get the good credit, you get the points and it also makes the planning a little easier.

So far we’ve paid for everything up front. We don’t do the deposit thing, we just pay the whole amount so we know we’re good. There’s no questions, and when we get to the wedding we won’t have to do anything else.

Post # 4
Member
6532 posts
Bee Keeper
  • Wedding: October 2014

Pay with a CreditCard and tell your mom that the vendor’s incentive to d a good job (apart from, you know, basic professionalism) would be that you can always call the card company to dispute the charge if they don’t. 

Post # 5
Member
1103 posts
Bumble bee

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FantasticFawn:  Your idea sounds great, I would totally be doing the same thing if my credit cards had decent rewards programs.

I will say one thing, we’ve had vendors tell us that if we pay in cash, we don’t pay tax. This is a big deal for something like our photographer, we are saving $335 by doing this. Is that an option for you? If it is, and you have subtantial tax on some of your vendor contracts, I don’t know if the CC rewards would equal the amount of tax your paying? Just a thought.

Post # 8
Member
1103 posts
Bumble bee

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FantasticFawn:  It was included on our contracts too, we just simply had to ask what kind of discounts/flexibility there was if we paid cash, so it wasn’t offered to us right away by our vendors. Just FYI 🙂 I think we are saving a total of $1500 this way so far, but we still have some vendors left to book.

Post # 9
Member
2957 posts
Sugar bee

This is an interesting question to me because all of my vendors (other than the caterer) required that I pay in full by some date before the event.

Post # 10
Member
6532 posts
Bee Keeper
  • Wedding: October 2014

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tjacob2014:  offering to drop the tax from your bill is illegal in most places.

Post # 12
Member
2957 posts
Sugar bee

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FantasticFawn:  Oh, haha I thought “Why did I have to pay everyone in advance?” I guess it is normal.  Feel free to let your mom know that my vendors did a wonderful job:)

Post # 13
Member
7934 posts
Bumble Beekeeper
  • Wedding: October 2013

as long as you are putting on credit card, i see no reason not to pay advance.  if anything happens, they don’t show up, something goes wrong, you have more legal recourse if on credit card.

i hired a well respected photobooth for my wedding, was in great communication until the week before my wedding.  no return call or email when trying to confirm.  he was a no show at the wedding. thankfully, everything i paid was on credit card.  i was able to dispute and got my money back.

Post # 15
Member
1103 posts
Bumble bee

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Horseradish:  I believe as long as they are self-reporting, which is their responsibility, it’s all kosher. I don’t think it’s odd for a vendor to say “we will charge you $3800 inclusive of tax, etc if you pay in cash, but if you pay in credit its $3800 plus tax”. Getting payments in cash avoids credit card fees, etc. Regardless, it’s not my responsibility to force a vendor to do their taxes properly, and I will be offering to pay cash if it’s cheaper for me. 

Plus, I’ve had other vendors request cash as only method of payment, with no separate line item for tax on my invoice. No other option. I’m not going to ask to see their tax return. They are well respected vendors in the industry. 

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