What is a Service Charge? A service charge is a fee collected to cover expenses associated with the primary product or service being purchased. It is often added at the time of the transaction and can be found in various industries such as restaurants, banks, and travel and tourism. Types of Service Charges Hospitality Industry: Hotels and restaurants often levy service fees as a percentage of the total bill, covering expenses like room service delivery and gratuities for large group dining. Banking Industry: Banks charge fixed service fees for services like account maintenance, ATM usage, and wire transfers. Travel Industry: Airlines impose service fees for baggage, seat selection, and airport improvements. Residential Property: Certain rentals, like condos, may include monthly service charges for building maintenance. Service Charges at Restaurants Restaurants may add service charges for reasons such as automatic gratuities for large parties, bottle service at bars, room servic...
Comments
Post a Comment