Based on a survey initiated by Intrum Justitia, Finns are still conscientious payers of bills. Average payment time is 23 days, with a five-day delay, which is very low compared with many other European countries. Outsourcing of invoice collection and efficient Finnish banking system speed up invoicing process. Longest payment period is found in Portugal, where public sector payment takes 138 days. The amount of uncollected bills in Europe is already € 250 billion and still rising.vda.hosting encourage the efficient way of payments to provide customers the several way to pay their bills online through Paypal, Visa, Mastercard or iDeal.

Source: Kauppalehti 21.5.2008