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A service fee, service charge, or surcharge is a fee added to a customer's bill. The purpose of a service charge often depends on the nature of the product and corresponding service provided. Examples of why this fee is charged are: travel time expenses, truck rental fees, liability and workers' compensation insurance fees, and planning fees.
A service charge is a fee that can be assessed to cover the actual service provided to a customer, or for administrative or processing costs related to the product or service the customer is ...
A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [2]
Here's an explanation of the different charges you might see on your AOL bill: • AOL for Broadband - The charge for your monthly AOL subscription if you have cable or DSL connectivity. • Private areas online - Some organizations, such as AARP, keep certain areas of their websites private and charge a membership fee to use these special ...
"Shareholder Service Fees" are fees paid to persons to respond to investor inquiries and provide investors with information about their investments. Shareholder Servicing Fees can be paid inside or outside of a Rule 12b-1 Plan. [3] Funds can charge up to 0.25% in distribution fees and still describe themselves as "no-load". [4]
Service charge controversy. Service fees have become a point of contention for diners, food workers and restaurant owners. In June, former servers at Jon & Vinny’s, a popular Italian American ...
The annual fee can be charged by some providers to pay for the costs of maintaining the merchant's account. Sometimes these fees can be quarterly. The fee can be from $79–$399. These fees in cases include a Payment Card Industry (PCI) compliance fee, which may include a cyber/breach insurance policy.
Travelers often discover too late that exchanging currency at the airport means paying premium fees, sometimes losing 10 percent or more of their money to poor exchange rates and service charges.