[patio11]

I'm kind of torn here. On the one hand, as an SaaS developer, I want to get paid my money immediately if not sooner.

On the other hand, as a jaded shareware developer, I can tell you that Net 60 is a heck of a lot closer than Net 7 to the terms you will be offered by most outsourced payment processors. The DigitalRiver family of companies, which have a commanding presence in shareware payments, will get you your money on average about 45 days after the sale takes place. FastSpring, which is the most developer friendly processor I'm aware of, will average about 20 days from sale. (Other alternatives I'm intimately familiar with: Google Checkout will have the money in your bank account about 3 to 5 days from sale. Paypal can ACH to you within about 2 to 3 business days or, if you're using it for expenses, the time-to-spendibility is essentially zero since you can get a Paypal-branded debit card.)

Business reasons for not doing net 7: returns, chargebacks, and various other forms of abuse. (Not even necessarily abuse by the developer. Here's a fun fraud scenario: fraudster signs up for an affiliate account of your developer, buys their software 100 times with stolen cards, earning a few thousand bucks of affiliate payout which is essentially laundered away from the stolen cards. Six weeks later the first chargebacks start rolling in as people receive their bank statements and wonder why they're getting scammed by a payment processor they've never heard of. This is ridiculously common -- search for any of the big brands in processing and you'll find complaint threads of folks convinced that the processor or merchant is the fraudster trying to steal their money.)

[gpl1]

Yep, that's exactly why we've gone with Net 60 during the beta. We will definitely consider lowering it in the future. Thanks Patrick!