Can someone explain the purpose of digital convenience fees?

Question

I would’ve thought that makes it easier on all parties. Or is this just another way to suck money out of people?

In: 34

Answer 1

It’s a way to make the final price higher than the advertised price to trick people into believing their price is lower than it is like any fee that is added on the marketed price like. Most companies will put as much of the price as socially and legally acceptable in those fees. This fee is seen as socially acceptable because people think there might actually be extra cost to an online transaction. Online transactions are actually a lot cheaper than any transaction in which you interact with an employee by a lot.