Fees

Fees are charges or costs paid for a specific service or transaction. They are often a set amount or a percentage and help cover the expenses of providing that service, such as processing, administration, or professional expertise. Fees differ from prices of goods because they typically refer to additional costs for services like banking, legal work, or memberships. Understanding fees ensures transparency and helps you compare costs across providers, ensuring you are aware of what you'll be paying for a particular service or transaction.