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With the economy continuing to sputter along, companies and consumers alike are desperate for ways to make their money go farther and look for ways to increase their income. While for consumers, this may mean taking on another job or increasing savings, it appears that corporate world is taking a different approach: Earning more revenue from existing customers.
Verizon, for example, recently announced that it would charge customers $2.00 for making one-time bill payments online or by phone via a credit card. Consumers were understandably outraged, and there has been a widespread backlash against the phone, TV, and internet service provider. The Airline industry has also taken to nickel and diming those using their services as well. Spirit Airlines announced earlier this year that they would be introducing a carry on bag fee, and in June they stated they would charge customers $5.00 to print their boarding passes at the airport.
Other service industries like hotels have also been charging for previously free services like Wi-fi and for the use of a safe inside the rooms. They also tacked on fees for holding luggage behind the desk after checkout and a number of other seemingly insignificant fees that often add up quickly.
So as a savvy consumer, how can we take action to prevent ourselves from being subject to needless fees? Luckily for us, the Information Age has provided consumers with a number of weapons. The best option is simply being aware when new fees are introduced, and sites like http://www.bankrate.com/ closely track fees levied by financial institutions. Other Personal Finance blogs can help keep you up to speed on new fees in a variety of industries as well.
What else can I help you with?
What is the best strategy to avoid ATM fees?
The best way to avoid ATM fees is by reading your bank's policy and see what kind of ATM fees they charge for your certain account.
What is the best way to avoid excessive fees on payday loans?
The best way to avoid excessive fees on a payday loan is to make sure you always pay on time wihout exception. Late fees will mke the payment unbearable.
How can one sell their house and avoid paying realtor fees?
A homeowner can sell their house on their own without a realtor to avoid paying realtor fees. The seller would be a private seller. Another way is to negotiate with the buyer to pay for realtor fees.
How can travelers avoid resort fees in Hawaii?
Travelers can avoid resort fees in Hawaii by booking accommodations at hotels that do not charge these fees, or by choosing alternative lodging options such as vacation rentals or bed and breakfasts. It is also recommended to carefully read the terms and conditions of booking to ensure there are no hidden fees.
How can I avoid credit card processing fees?
To avoid credit card processing fees, you can negotiate with your payment processor for lower rates, consider using alternative payment methods, or pass the fees onto customers by adding a surcharge for credit card transactions.
Can you file bankruptcy after a home is foreclosed to avoid additional fees?
yes
How much do i have to keep in your account to avoid fees?
It depends on your bank. Ask them.
How can one avoid fees when refinancing a mortgage?
Someone cannot avoid fees when they refinance a mortgage. Every loan comes with an interest rate, but some do have low interest if paid off in a timely manner.
How can you avoid overdraft fees?
To avoid overdraft fees, you should regularly monitor your account balance, set up alerts for low balances, keep a buffer amount in your account, and consider opting out of overdraft protection.
How much for a camera red light ticket in New York?
In New York City, the fine for a red light camera ticket is typically $50. However, additional fees and surcharges may apply, which can increase the total cost. It’s important to pay the ticket promptly to avoid any late fees or penalties.
What types of fees could a business avoid by signing up for a free merchant account?
If you have a free merchant account for your business you will be able to avoid the monthly bank charges and fees that are normally added to business accounts by banks.
What are some strategies for avoiding processing fees?
Some strategies for avoiding processing fees include choosing payment methods that do not charge fees, negotiating with service providers to waive fees, setting up automatic payments to avoid late fees, and comparing different options to find the lowest fees.
