Does anyone expect HS Brands to pay up (and on time?)
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It's not fair for you to claim that the MSC is stable if you do not have insider knowledge and have not reviewed company financials. When a company has difficulty meeting its short-term debt obligations (in this case, shopper payments), it is fair to question whether there might be financial problems. This is not a one-time instance of HSB being late with shopper payments. They have been late with payments for well over a year. HSB is one of the larger MSCs, but it is a small business with (pre-Covid, at least) 50 employees and 12 million in annual revenue, owned and run by Tom Mills.
Edited 2 time(s). Last edit at 06/11/2020 08:43PM by MSF.
@HonnyBrown wrote:
I don't think it's fair for anyone to assume that HSB is having financial trouble. They are a large, stable MSC with a specific business model. They take months to pay shoppers, but we know this going in.
This pandemic has affected everyone. Maybe HSB's clients are affected and this has a snowball effect on paying shoppers. Maybe the proprietary pay system can only be accessed on site. Maybe, maybe maybe. Too much room for conjecture.
We have always gotten paid by HSB. There is absolutely no reason to think otherwise now.
Edited 2 time(s). Last edit at 06/11/2020 08:43PM by MSF.
Actually, it is fair for me to say. I'm not the one making gross assumptions.
I was paid today for the shop I did in March.
I was paid today for the shop I did in March.
"I told myself to quit you; but I don't listen to drunks." -Chris Stapleton
I was paid today for both March shops by HS Brands.
Likewise. Surprise payment from HS Brands today with the message, "This is your payment for the shops completed through March 15th. Thank you."
I was paid today too for March! Wasn't going to start worrying until the end of the month. Also got paid by Cirrus today. Double nice surprise!
Edited 1 time(s). Last edit at 06/12/2020 03:59PM by chrismcmillon.
Edited 1 time(s). Last edit at 06/12/2020 03:59PM by chrismcmillon.
Of course there is reason to think otherwise regarding HS Brands...they are 90+ days from the date of shop!
Edited 1 time(s). Last edit at 06/13/2020 10:43AM by salisburync.
Edited 1 time(s). Last edit at 06/13/2020 10:43AM by salisburync.
@HonnyBrown wrote:
I don't think it's fair for anyone to assume that HSB is having financial trouble.
You do realize this is a textbook example of "having financial trouble" right?
@HonnyBrown wrote:
This pandemic has affected everyone. Maybe HSB's clients are affected and this has a snowball effect on paying shoppers
As for all the people complaining because they were running late. We're in the middle of a pandemic. Did you really expect no MSC's to not pay late? And if you did, wouldn't it make sense that the one with the slowest payment terms would be the one most likely to begin paying late?
There are reasons that a body stays in motion
At the moment only demons come to mind
At the moment only demons come to mind
They have nearly always delayed payment until 2-3 months after a non-NV shop is submitted. I presume that is because they can, since there are no state regulations requiring them to pay earlier. You need to either deal with it and schedule your work accordingly, or else you should petition your state legislature to change the laws. HS Brands is international, but their shops done in NV have always been paid 2 weeks after they are submitted. So there is no reason to suspect they are not on sound financial footing.@salisburync wrote:
Of course there is reason to think otherwise regarding HS Brands...they are 90+ days from the date of shop!
Absolutely there is: [www.mysteryshopforum.com].
@AZwolfman wrote:
So there is no reason to suspect they are not on sound financial footing.
I was just paid yesterday for a 3/6/2929 shop.
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