Definition
Net 7 is a payment term meaning the invoice is due 7 calendar days after the invoice date. It is used for small, quick jobs and by freelancers who want fast turnaround without the abruptness of due on receipt. Net 10 and Net 14 are close variants.
Net 7 in practice
Net 7 suits clients who pay by card or bank transfer directly rather than through a corporate approval process. For corporate clients it is often unrealistic and will simply be paid late.
Frequently Asked Questions
Who uses Net 7 terms?
Freelancers, contractors, and small agencies working with small businesses or individuals, especially for short jobs where a 30-day wait would be disproportionate to the project length.