Net-terms default risk concentrates in months 1-2

Net-terms default risk concentrates in months 1-2
Net terms = the delay before a network pays you for delivered conversions.
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Share of network non-payment incidents occurring within first 2 payment cycles: ~71% ▏▏▏▏▏▏▏▏▏▏
Cycles 3-6: ~22% ▏▏▏
After 6 clean cycles: ~7% ▏▏
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Sample: 54 reported non-payment events with relationship-age data.
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A network that pays you cleanly twice is statistically far safer than the headline risk implies.
Read: cap exposure hard for the first two cycles, then scale once the payment track record exists.