Many Notaries get strung along and not paid simply because they offer loans (in the form of accepting delayed payment) to lots and lots of signing companies.

My question is, how much credit should you offer? If they have a good payment record, perhaps $300 of credit, if they are new to you, perhaps $200, or bad reputation perhaps one job at best?

The bigger issue is that Notaries really need to spend more time thinking about this issue. Because, the #1 issue affecting Notaries at least in the past is not getting paid. If you stop lending lots of money to people, getting paid back will become a much smaller issue.

If you got paid up from Paypal style from half your jobs, that would cut your billing issue in half. As I discussed in another article, the labor of billing and the risk of not getting paid justifies a 10% or more discount if someone pays up front with Paypal. Do the math.

The real problem is when Notaries who are desperate to work rack up a $3000 bill with a particular company and then the company goes out of business or runs into financial issues. You really need to decide where to draw your line and then stick to it. Non-paying companies are only half the problem, the other half is non-line-drawing Notaries. You can only get ripped off if you let people rip you off.

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Notary Marketing 102 – getting paid
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Trouble getting paid? Try our demand letter!
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