A Payment Receipt Letter is a typed or handwritten document that confirms the acceptance of payment for monetary transactions of any size. Whether you received payment on time or only after several reminders and notices, it is a good idea to verify the acceptance of the money and create a paper trail that can be useful to both parties in their future dealings.
You can benefit from this letter if you are a business manager, sales associate, or a representative of the financial institution who has to email or send via certified mail numerous acknowledgments of payments to various parties. Landlords may send this document to their tenants every month once they get a cash or online rent payment. It is also possible to draft the letter after a financial institution or a money lender receives a loan payment or advance payment for any financial services already rendered or promised in the future.
Consider drafting a Letter of Receipt of Payment for two reasons:
You can download a Payment Receipt Letter template through the link below.
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