Convenience Fee
A convenience fee is an additional charge that businesses may apply when customers use certain payment methods or services that are more convenient than traditional options. For example, if you buy tickets online for a concert, the ticket seller might add a convenience fee for the ease of purchasing from home instead of going to a physical location.
This fee is intended to cover the costs associated with providing these convenient services, such as online processing or customer support. While it can make transactions easier, customers should be aware of these fees when budgeting for their purchases, especially with services like online ticket sales or utility bill payments.