The Netherlands has one of the most efficient payment cultures in Europe. Dutch businesses are known for paying on time, and the average payment delay is just 15 days — one of the lowest in the world. But even in this efficient environment, 15% of invoices are paid late, representing a €5.2 billion impact on the Dutch economy.
The Burgerlijk Wetboek (Dutch Civil Code) and EU directives provide strong protections against late payment. Dutch law allows you to charge late payment interest (wettelijke rente) and claim recovery costs. PingPaid automates these calculations and generates the documentation you need.
For the 15% of invoices that are late, PingPaid ensures you get paid faster and with less effort.