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18 January 2008

NPR : Companies Use Fees to Counter Bargains

http://www.npr.org/templates/story/story.php?storyId=18212223&ft=1&f=3

YOUR MONEY
Companies Use Fees to Counter Bargains


Morning Edition, January 18, 2008 ·
From hotels to cell phone bills, companies attach a barrage of hidden, extra charges. One reason is the Internet. Online shopping permits consumers to comparison shop for bargains. So companies are countering low prices with hefty fees.
So if a $99 room is snagged at a nice hotel via Priceline.com, then the hotel tends to attach a "resort fee" for towels at the pool or removing something from the mini-bar – even it put back 60 seconds later.

Bob Sullivan, author of Gotcha Capitalism, talks with Steve Inskeep about deceptive fees and why U.S. businesses are so dependent on them...MORE

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