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Airtable asserts the right to charge a service fee of 1.5% per month on any overdue payment amounts, plus collection costs, with the charge capped at the legal maximum in the applicable jurisdiction.
This analysis describes what Airtable's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes a defined late payment penalty rate of 1.5% per month, which compounds to an annualized rate of approximately 18%, plus collection costs. The provision applies to the maximum extent permitted by law and is relevant to business users with invoice-based billing arrangements.
The agreement establishes a late payment service charge of 1.5% per month on overdue amounts, plus costs of collection, capped at the legal maximum in the applicable jurisdiction. This charge applies to any payment not settled when due.
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"Any late payments shall be subject to a service charge equal to 1.5% per month of the amount due or the maximum amount allowed by law, whichever is less (plus the costs of collection).Excerpt from Airtable's Terms of Service
1. REGULATORY LANDSCAPE: State usury laws and maximum late fee statutes vary by jurisdiction and cap permissible late charges on commercial and consumer obligations. The agreement references the legal maximum as an upper bound, acknowledging jurisdictional variability. For consumer accounts, state consumer protection laws may impose additional restrictions on late fees. 2. GOVERNANCE EXPOSURE: Low. The 1.5% monthly late charge is a standard commercial practice. The provision is most relevant for enterprise customers on invoice-based billing who may have payment processing delays. 3. JURISDICTION FLAGS: Some U.S. states impose lower maximum late fees on consumer obligations than the 1.5% monthly rate. International jurisdictions may have different maximum rate requirements. The document's reference to the legal maximum provides a jurisdictional safety valve. 4. CONTRACT AND VENDOR IMPLICATIONS: Finance teams managing Airtable invoices should ensure timely payment processing to avoid late charges. Vendor payment terms should be aligned with Airtable's billing cycle to prevent inadvertent late payment exposure. 5. COMPLIANCE CONSIDERATIONS: Organizations with accounts payable processes that may result in payment delays should assess the financial impact of the 1.5% monthly charge on larger Airtable invoices and incorporate payment timeline management into vendor administration procedures.
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This provision establishes a defined late payment penalty rate of 1.5% per month, which compounds to an annualized rate of approximately 18%, plus collection costs. The provision applies to the maximum extent permitted by law and is relevant to business users with invoice-based billing arrangements.
The agreement establishes a late payment service charge of 1.5% per month on overdue amounts, plus costs of collection, capped at the legal maximum in the applicable jurisdiction. This charge applies to any payment not settled when due.
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