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Finance & Payments

Net 60

Also known as: Net 60 terms

Net 60 is a payment term meaning the full invoice amount is due within 60 days of the invoice date.

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Under net 60, the buyer has 60 days from the invoice date to settle the balance in full, with no discount for paying earlier unless separately agreed. It is a longer term than net 30 and is often used for larger accounts or where the buyer has strong negotiating leverage.

Longer terms like net 60 improve the buyer's cash flow by delaying the outflow, but they extend the supplier's wait for payment and can strain a smaller supplier's working capital. Where terms are long, suppliers sometimes use supply chain finance or invoice financing to release cash sooner without forcing the buyer to pay early.

Example

An invoice dated 1 March on net 60 terms falls due on 30 April; paying after that date may trigger late-payment penalties if the contract sets them.

Frequently asked questions

What does net 60 mean?
Net 60 means the full invoice amount is due within 60 days of the invoice date, with no early-payment discount unless separately agreed.
What is the difference between net 30 and net 60?
Both set a due period from the invoice date — 30 days versus 60. Net 60 gives the buyer longer to pay but makes the supplier wait longer for cash.

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