Are you one of those people who blindly trust that the receipt amount is always correct? If so, it’s time to reevaluate. With today’s advanced point-of-sale systems, you’d think mistakes on bills would be a thing of the past. But there’s often a sneaky charge lurking that you might not even notice unless you scrutinize your receipts. Here are nine charges you should be wary of.
1. Convenience Fees
Whether you’re booking event tickets online or paying a utility bill, convenience fees can add a surprising amount to your total charge. These fees are not always made obvious before the final step of checkout. So, always review the full breakdown of your charges to catch any added ‘convenience’ costs.
2. Service Charges
Restaurants and hotels are notorious for adding service charges that you might assume are tips. In reality, these charges sometimes go straight to the establishment and not to the service staff. Check the fine print or ask if the service charge is indeed a tip.
3. Tipping Double Trap
Speaking of tips, always look at your receipt when using a card to pay at restaurants. Some venues sneakily include the tip in the total and still leave a space for an “additional tip.” You might end up tipping twice if you don’t pay attention.
4. Fuel Surcharge
Airlines and delivery services sometimes add a fuel surcharge that isn’t part of the initially quoted price. While these charges can be legitimate due to fluctuating oil prices, they can also be outdated or unjustifiably high. Do your research to know the current rates.
5. Activation Fees
From cell phones to gym memberships, activation fees are almost always pure profit for businesses. Negotiate these fees or look for promotions where the fee is waived.
6. Handling Fees
When ordering items online, you might come across handling fees in addition to shipping costs. Unless the product requires special handling, this is often a superfluous charge. Contact customer service to question or negotiate the fee.
7. Early Termination Fees
If you’re ending a subscription or service early, be prepared for this fee. Check your contract for the fine print; sometimes the charge decreases the longer you’ve been a customer, and other times it’s a flat rate. Calculate if the cost is worth the early exit.
8. Unreturned Equipment Fees
Did you forget to return that router when you switched internet providers? Companies will charge you for unreturned equipment, and sometimes the cost is more than the equipment is worth. Always return your items and get a receipt as proof.
9. Administrative Fees
Whether it’s a doctor’s office or a rental car company, administrative fees can catch you off guard. While they may seem small, they can add up. Always question what these fees are for and if they can be removed.
With transactions becoming more digital and less transparent, it’s crucial to remain vigilant. A quick check of your receipt can save you from overpaying due to sneaky or erroneous charges. Always scrutinize your bills and ask questions if something doesn’t look right—you’ll be surprised how much you can save.
