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15 MF. 15 MF means that after sending your invoice you expect to be paid on the 15th of the month. This payment option is a great option to build a regular budget if you can negotiate this with your clients.
Net 10 or net 15: Payment is due within 10 or 15 days of the invoice date. Some businesses might offer shorter terms such as net 10 or net 15 if they need to accelerate cash flow, or if the goods or services provided are quickly consumed or resold.
The 1.5% is a fee that is taken off the total amount to be paid from the invoice. This is a cash discount that covers the cost of invoice and payment automation.
So, for example, Net 15 means that the deadline is 15 days after the invoice is sent, and so on. Discount terms are net terms in which the business will provide an early payment discount if the invoice is paid before the deadline.
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