2/10 Net 60 is an official business term that is used to define the payment terms of a transaction. Essentially, it is a payment plan that gives the purchaser the option to take a 2% discount if they pay the invoice within 10 days. If the purchaser decides to wait and pay the full amount, they will have a total of 60 days to make the payment. This payment term is usually beneficial to both the seller and the buyer since it gives them more flexibility. The seller is able to receive their payment quickly, while the buyer has the option to take the discount if they can pay the invoice quickly. Furthermore, the buyer has more time to make the payment if they are unable to pay the invoice within the 10-day period. This payment term is commonly used in business-to-business transactions and is known to increase cash flow for the seller. 2/10 Net 60 is a beneficial payment term for both parties and can be a great way to help ensure both sides of the