Upcharge

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Upcharge is used as the billing counterpart to marketing's upsell. [1] [2] In one context, [2] it means paying a smaller increment in price for a larger increase in what is received; in another it means paying an increase for a non-standard arrangement, what one writer called "upcharge money." [3]

It also may refer to a convenience fee: [4] a pharmacy that carries basic grocery items and charges higher prices for the non-pharmaceutical one-stop-shopping items. [5] While a surcharge is part of what must be paid, an upcharge is not always unexpected, [6] and usually can be declined by rejecting the additional service or the suggested upgrade, [7] [8] albeit receiving less. [1]

The term upcharge is sometimes used when charge (or possibly surcharge) would suffice, similar to the matter of upsurge compared to the simpler words surge and increase. [9] [10] "Upcharge attraction" is one description of how amusement parks charge both for admission and then for individual rides. [11]

Related Research Articles

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A convenience store, convenience shop, corner store or corner shop is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, ice creams, tobacco products, lottery tickets, over-the-counter drugs, toiletries, newspapers and magazines. In some jurisdictions, convenience stores are licensed to sell alcoholic drinks, although many jurisdictions limit such beverages to those with relatively low alcohol content, like beer and wine. The stores may also offer money order and wire transfer services, along with the use of a fax machine or photocopier for a small per-copy cost. Some also sell tickets or recharge smart cards, e.g. OPUS cards in Montreal. They differ from general stores and village shops in that they are not in a rural location and are used as a convenient supplement to larger stores.

<span class="mw-page-title-main">Supermarket</span> Large format of grocery store

A supermarket is a self-service shop offering a wide variety of food, beverages and household products, organized into sections. This kind of store is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or big-box market. In everyday U.S. usage, however, "grocery store" is synonymous with supermarket, and is not used to refer to other types of stores that sell groceries.

<span class="mw-page-title-main">Grocery store</span> Retail store that primarily sells food and other household supplies

A grocery store (AE), grocery shop (BE) or simply grocery is a store that primarily retails a general range of food products, which may be fresh or packaged. In everyday U.S. usage, however, "grocery store" is a synonym for supermarket, and is not used to refer to other types of stores that sell groceries. In the UK, shops that sell food are distinguished as grocers or grocery shops.

Discounts and allowances are reductions to a basic price of goods or services.

The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century, and is now used by many businesses, websites and even pharmaceutical companies in partnership with the government.

<span class="mw-page-title-main">Fee</span> Price to be paid for remuneration for services

A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in the United Kingdom receive a fee in contradistinction to a payment, salary, or wage, and often use guineas rather than pounds as units of account. Under the feudal system, a Knight's fee was what was given to a knight for his service, usually the usage of land. A contingent fee is an attorney's fee which is reduced or not charged at all if the court case is lost by the attorney.

<span class="mw-page-title-main">Trader Joe's</span> American grocery chain

Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. The chain has over 530 stores across the United States.

A no-frills or no frills service or product is one for which the non-essential features have been removed to keep the price low. The term "frills" originally refers to a style of fabric decoration. Something offered to customers for no additional charge may be designated as a "frill" – for example, free drinks on airline journeys, or a radio installed in a rental car. No-frills businesses operate on the principle that by removing luxurious additions, customers may be offered lower prices.

No Frills is a Canadian chain of discount supermarkets, owned by Loblaw Companies Limited, a subsidiary of George Weston Limited. There are over 200 franchise stores located in nine Canadian provinces.

<span class="mw-page-title-main">Sales taxes in the United States</span> Overview of sales taxes in the United States of America

Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States. Sales tax is governed at the state level and no national general sales tax exists. 45 states, the District of Columbia, the territories of Puerto Rico, and Guam impose general sales taxes that apply to the sale or lease of most goods and some services, and states also may levy selective sales taxes on the sale or lease of particular goods or services. States may grant local governments the authority to impose additional general or selective sales taxes.

Upselling is a sales technique where a seller invites the customer to purchase more expensive items, upgrades, or other add-ons to generate more revenue. While it usually involves marketing more profitable services or products, it can be simply exposing the customer to other options that were perhaps not considered. In practice, large businesses usually combine upselling and cross-selling to maximize revenue.

ATM usage fees are the fees that many banks and interbank networks charge for the use of their automated teller machines (ATMs). In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users.

<span class="mw-page-title-main">Interchange fee</span> Fee paid between banks for card-based transactions

Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank pays a customer's bank.

<span class="mw-page-title-main">Health care in Australia</span> Availability, funding, and provision of health services in Australia

Health care in Australia operates under a shared public-private model underpinned by the Medicare system, the national single-payer funding model. State and territory governments operate public health facilities where eligible patients receive care free-of-charge. Primary health services, such as GP clinics, are privately owned in most situations, but attract Medicare rebates. Australian citizens, permanent residents, and some visitors and visa holders are eligible for health services under the Medicare system. Individuals are encouraged through tax surcharges to purchase health insurance to cover services offered in the private sector, and further fund health care.

<span class="mw-page-title-main">Credit card</span> Card for financial transactions from a line of credit

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt. The card issuer creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards, and a few gemstone-encrusted metal cards.

<span class="mw-page-title-main">Surcharge (payment systems)</span>

A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. Retailers generally incur higher costs when consumers choose to pay by credit card due to higher merchant service fees compared to traditional payment methods such as cash.

DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. The company is based in San Francisco, California. It went public in December 2020 on NYSE and trades under the symbol DASH.

Uber Eats is an online food ordering and delivery platform launched by Uber in 2014. Meals are delivered by couriers using cars, scooters, bikes, or on foot. It is operational in over 6,000 cities across 45 countries. The company is facing a lawsuit for antitrust price manipulation, from forcing restaurants to charge the same price for delivery as for dine-in if the restaurant wants to be listed on UberEats' app, along with charging fees of 13–40% of revenue.

<span class="mw-page-title-main">Amazon Go</span> Convenience store chain operated by Amazon.com

Amazon Go is a chain of convenience stores in the United States and the United Kingdom, operated by the online retailer Amazon. The stores are cashierless, thus partially automated, with customers able to purchase products without being checked out by a cashier or using a self-checkout station. As of 2020, there are 29 open and announced store locations in Seattle, Chicago, San Francisco, London and New York City.

Boxed, Inc. is an American online and mobile membership-free wholesale retailer that offers direct delivery of bulk-sized packages via the Boxed app or the website. Boxed product offering has been compared to that of Costco. It is based in New York City and was founded in August 2013 by Chieh Huang, Jared Yaman, Christopher Cheung, and William Fong.

References

  1. 1 2 Garth Johnston (February 8, 2013). "Neat Upsell: Restaurant Caught Charging More For Bourbon Without Rocks". The Gothamist . Retrieved October 2, 2022.
  2. 1 2 John Del Signore (July 28, 2011). "Le Poisson Rouge Charges $3 Extra For Glenlivet With Ice, $3 Extra Without". The Gothamist . Retrieved October 2, 2022.
  3. Concepción de León (March 25, 2019). Kristian Thacker (ed.). "Damon Young on the 'Absurdity' of Being Black". The New York Times . Retrieved October 2, 2022.
  4. "Family Vacation: What Price, Convenience?". The Wall Street Journal . March 4, 2007.
  5. "What Will the Economy's New 'Normal' Look Like in 2013?". The New York Times . January 2, 2013. a drugstore that also carries basic grocery items at an upcharge.
  6. Nick Guy (November 11, 2021). "The Best Cheap iPad Cases". The New York Times . Retrieved October 2, 2022. for about the price of a burrito and chips (including the upcharge for guac)
  7. What is the difference between surcharge and upcharge? , retrieved October 2, 2022
  8. "Upcharge definition", Law Insider , retrieved October 2, 2022
  9. wherein, having referred to surcharge and "10 percent", "10%" and "upcharge" are said.Joel E. Abramson (October 27, 2015). "Answers About Rent Stabilization, Part 2". The New York Times . Retrieved October 2, 2022.
  10. Melanie Gouby. "Eastern Congo city suffers upsurge in violence". The New York Daily News . "It is only an upsurge in ordinary crime," he asserted.
  11. Adams, Judith A. (1991). The American Amusement Park Industry: A History of Technology and Thrills. Boston: Twayne Publishers. ISBN   0-8057-9821-8.