A surcharge is an additional fee or charge that is added on top of the original cost of a product or service. Surcharges can be applied for various reasons, such as to cover additional costs or expenses, to offset changes in market conditions, or to generate additional revenue for the provider of the product or service.
Surcharges are commonly used in industries such as transportation, hospitality, and banking. For example, airlines may add fuel surcharges to ticket prices to cover the increasing cost of fuel, or hotels may add resort fees to cover the cost of amenities such as Wi-Fi, parking, or gym access. In banking, surcharges may be applied to certain transactions, such as ATM withdrawals or foreign currency exchanges.
Surcharges are often controversial, as they can be seen as deceptive or unfair to consumers who may not be aware of the additional costs. Some countries or regions may regulate or ban surcharges in certain industries, or require companies to disclose the surcharges upfront.
Overall, surcharges can be a way for companies to recover additional costs or generate revenue, but they should be used transparently and responsibly to avoid misleading or alienating customers.
Get started by yourself, for free
A 14-days free trial to source & engage with your first candidate today.
Book a free TrialQandle uses cookies to give you the best browsing experience. By browsing our site, you consent to our policy.
+