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Types of Service Fees

  • Flat Fees: A fixed amount charged for a service, regardless of the time or resources involved.
  • Hourly Rates: Charges based on the number of hours spent providing a service.
  • Percentage Fees: A fee calculated as a percentage of the total cost or value of the service.
  • Retainer Fees: A pre-paid fee to secure the services of a professional for a specified period.
  • Transaction Fees: Charges applied to each transaction, commonly seen in financial services.
  • Subscription Fees: Recurring fees for ongoing services, such as with software or streaming services.