What is Surcharge in Retail? Explained

A Surcharge is an additional fee or charge imposed on top of the standard price of a product or service. This extra cost may be applied for various reasons, such as covering processing fees for credit card transactions, offsetting increased operational expenses, or implementing special services like gift wrapping. Retailers may transparently communicate surcharges to customers, and these additional fees are often specified at the point of sale. Retailers need to comply with relevant regulations and communicate any surcharges to maintain transparency and build trust with customers.