When you are answering the Terms of Service questionnaire, you will be asked whether you ask your customers to provide an advance payment. Advance payments are partial payments of the total purchase price that help to pay your actual expenses during the performance of the service or providing the goods to your customer. With an advance payment, the customer will pay the remainder of the purchase price upon the completion of your obligations. Unlike a deposit, an advance payment is used to help pay for your direct expenses. You should answer "yes" to this question if you ask your customers to provide an advance payment.
Do you ask your customers to provide an advance payment? Print
Modified on: Tue, 15 Sep, 2020 at 3:17 PM
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