Promise to Pay
A promise to pay is a buyer's clear commitment to pay a specific amount by a specific date, recorded so it can be tracked as kept or broken.
Also called: PTP, payment commitment, payment promise
What it means
A promise to pay (PTP) turns "I'll pay soon" into "I'll pay ₹50,000 on Friday the 14th". It has three parts: an amount, a date, and the person who made the promise. Once recorded, it is either kept, partly kept or broken.
Why it matters for getting paid
Vague promises are the biggest reason udhaar drags on. A dated promise gives both sides clarity, and it gives you a natural, polite reason to follow up: "Just a reminder about the ₹50,000 you mentioned for today."
Tracking promises also shows patterns. A buyer who keeps nine out of ten promises deserves patience. A buyer who has broken three in a row needs a firmer step, such as a demand letter.
Good practice:
- Confirm every promise back on WhatsApp the same day.
- Send a reminder on the promised date with a UPI payment link for the exact amount.
- Accept part-payments, and record a new date for the balance.
- Review broken promises alongside your overdue ageing.
Example: A buyer owes ₹1,20,000 and promises ₹40,000 a week for three weeks. Three small, tracked promises are often easier to keep than one large one.
Udhaar Wapas records and tracks promises automatically. See how it works.