The War Room
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When are you paid commission?

I am trying to get a better understanding if my company is the only organization that pays commission after collecting from the customer or is this just the industry standard.


When are you paid your commission?
Attached poll
*Voting in this poll no longer yields commission.
πŸ“ˆ Closing
☁️ Software Tech
πŸ’΄ Money Management
8
funcoupons
WR Officer
+11
up in Fiji, under paddy
Client has to pay their first invoice before I'm paid. I think it's BS but whatever, it's the way it is.
JustGonnaSendIt
Opinionated
+4
Burn Towns, Get Money
I used to work for a company that did things this way - Net 60 commission payment after the first invoice. Too bad we had an average AR window of Net 90 and customers regularly got it negotiated to 120. Sucked waiting 6 months to get paid.
UserNotFound
Politicker
+9
Mid Market Manager
I'm in this position right now for the first time every. Just got comp'd on a sale from summer 2020 in June 2021. My previous industry was more similar to what @funcouponsΒ describes above but since it was a tangible good it was delivery-> invoice sent within 5 business days-> Net 15 terms. So it was almost always the following month or 60 days max.Β 

This whole 6m-1yr thing is f'ing brutal.Β 
An
AnotherAE244
Politicker
+4
Account Executive
Same for me!Β 
HarryCaray
Notable Contributor
+14
Regional VP
I get the quota credit as soon as the contract is executed but we get paid commission quarterly, so that's when everything I've closed for that quarter actually hits my bank account
CuriousFox
WR Officer
+11
Senior Account Executive
Once the contract is executed I'm given sales credit. Paid the following month.
SabertoothSales
Opinionated
+4
Southeast Regional Manager
For me, I get paid after we collect the revenue and ship out the product.
ex. I make a sale in July, we typically take 4-6 weeks to manufacture and then ship out. Our clients generally have 30-60 day terms (some are required to pay 50% up front and the remaining 50% prior to shipment) which means the company collects revenue 6-12 weeks later... and then I'll get paid

So often times my commission comes to me 2-3 months after the sale is made.
Feds_Watchin
Politicker
+6
Account Executive
50% upon receiving a signed PO. The remainder when customer pays.
Comissionfiend
Opinionated
+4
Senior Advisor
45 days after clients first invoice is produced, awful because sometimes if there are implementation issues of any kind that are out of my control, suddenly you’re getting paid 4 god damn months later. Thank god for a terrible base salary to get me through the in between
GDO
Politicker
+7
BDM
Execution but I get withhold when they do not pay.Β 
10
Commission Shafting?
Question
10
10
Commission structures
Discussion
17
30k base 3%comission
+94
Incognito , Β  dukeofshawarma , Β  admiralgeneral Β  and 94 people voted
*Voting in this poll no longer yields commission.
14
Commission after resigning
Question
26