Definition, Meaning & Synonyms
service-fee
Noun
ˈsər-vəs-fē
Definition
A service fee is a charge assessed for services rendered, often in addition to the base price of a product or service.
Examples
- The restaurant included a service fee of 15% on the final bill.
- When booking the hotel, be sure to check for any hidden service fees that might apply.
- Many online platforms charge a service fee for managing transactions.
Meaning
The term ‘service fee’ typically refers to an amount added to cover the costs associated with providing a service, which could include labor, overhead, and administrative expenses.
Synonyms
- service charge
- processing fee
- administrative fee
