Meaning of the word "no penny, no paternoster" in English

What does "no penny, no paternoster" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

no penny, no paternoster

US /noʊ ˈpɛni, noʊ ˌpætərˈnɒstər/
UK /nəʊ ˈpɛni, nəʊ ˌpætəˈnɒstə/
"no penny, no paternoster" picture

Idiom

nothing is done without payment; you get nothing for free

Example:
The consultant refused to give any advice before the contract was signed, saying, 'No penny, no paternoster.'
In this business, it's no penny, no paternoster; we need a deposit first.