If you would like to inform your client or a supplier about a change in payment terms, here is a sample template you can use to write a change in payment terms letter.
Subject: Change in the Payment Terms
Dear [Recipient’s Name],
This is to request a change in the payment terms that we had previously discussed. We believe that such a change in terms is reasonable because [enter reasons]. Once you agree to new terms, we will be able to respond to your invoices more effectively.
As a result, it is favorable to both our organizations to arrange new payment terms. Once we have your confirmation, we can move forward with the specifics.
Also, your response will help us choose among our prospective suppliers.
We hope you consider our proposal and thank you for your time.
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