Wednesday, November 05, 2008

Sneaky Fees: 7 new ways you’re paying more

Have you ever been quoted a nice low price for a product, only to realize that the price is far higher once all the fees have been added? It’s an unfortunate practice, but many companies try to make a quick buck with these sneaky fees.

How do companies try to sneak fees onto your bill? recently published an article that lists 7 methods they might try. Besides their list, watch out for things like setup fees, activation fees, convenience fees, etc…

In the software world, be on the look-out for "free" software give-aways, that require an annual maintenance fee, training fees, and often consulting fees.

My advice to you: Ask the vendor/company to write down the final price, with all fees factored in. Make sure you know their pricing structure, and if necessary, what monthly charges to expect. This will help you avoid surprise and/or anger when it’s time to buy.


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