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Fee Example You place an account for $100.00 to which a collection fee of 25% is added, making the total now $125.00. When this amount is collected from the customer, Allen Lewis & Associates will then deduct 25% and remit to client the balance, which is 93.75%. This enables you as a client to only pay 6.25% for the collection of this account. This 25% add on will be added to all amounts due from customer, i.e. rental amounts and purchase amounts. Should Allen, Lewis & Associates recover the lost instrument, a finder's fee of $40.00 will be charged. remember that all collection fees can be added on as most Music Merchant contracts call for customer to be responsible for these costs.*Please Note: This example applies unless prohibited in your state. Certain states do not allow the assessment of a collection fee. In these states the 25% will be deducted from the placed amount. Ask your representative for details.*
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