Germany has one of the most comprehensive legal frameworks for combating late payment. The Gesetz zur Beschleunigung fälliger Zahlungen (Gesetz gegen Zahlungsverzug im Geschäftsverkehr) — commonly known as the Payment Act — sets clear deadlines and interest rates.
Despite this, German freelancers face an average payment delay of 21 days. While this is better than many European countries, it still represents a significant cash flow problem for small businesses. The construction and creative sectors are particularly affected, with delays exceeding 40 days.
PingPaid automates the German legal framework, ensuring you collect interest and compensation without spending hours on manual processes.