Upfront Fee

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Upfront Fee

A fee paid before a good is produced or a service is performed. The upfront fee is generally a portion of the total fee that the buyer must pay. For example, one may commission an artist to paint a portrait and pay a 20% upfront fee, paying the remainder when the portrait is finished. It is also called an advance fee.
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26, 2015 /PRNewswire-USNewswire/ -- A recent report of a Lancaster County consumer losing nearly $20,000 to an advance fee prize scam is a painful reminder to Pennsylvanians to use caution when approached with offers requiring payment of large upfront fees for prizes, loans, loan modifications, loan refinancing, or credit cards, Governor Tom Wolf and Department of Banking and Securities Secretary Robin L.
deliberately used dishonest and misleading statements to induce gas engineers to pay an advance fee, typically of Au2,000, to receive work in defined postcode areas;
Consumers in UAE now have access to a card which combines zero per cent balance transfers, no annual membership fee, no cash advance fee, no late fees and no over-limit fee.
Another type of advance fee fraud, instead of dangling inheritance or lottery wins, the messages suggest that you are entitled to a government or charity grant.
John Ross is at the end of the road after losing PS5000 in an advance fee fraud.
The mention of his country put me on my guard, as advance fee fraud has become a national industry there.
What distinguishes the board from other institutions all over the world is charging of advance fee amounting to Rs 500 to candidates ahead of examination of 9th and 10th class under the garb of certificate fee.
It often works by promising recipients huge sums of money on the condition that an advance fee is paid.
I even paid him an advance fee which he didn't refund.
How ironic then to find that on my return to my car, which I had left in a Blue Badge bay at Chester railway station, and had duly paid the pounds 10 advance fee for the privilege of doing so, that a pounds 50 parking ticket had been stuck on the windscreen.
Consumers are being duped across the world on a daily basis with the so-called Advance Fee email scam which originated in Nigeria," he said.
NEARLY one in 20 people lost money to a scam last year alone - the majority of them to money transfer or advance fee fraud, according to the Office of Fair Trading.

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