All articles tagged with #fees
DoorDash emphasizes its commitment to fair treatment of its Dashers, denying claims of using a 'Desperation Score' or calling workers 'human assets,' clarifying that fees like the 'Driver Benefit Fee' do not exist, and explaining that tips do not affect base pay, which is based solely on time, distance, and offer desirability.
Major retailers are now charging fees for returning unwanted Christmas gifts, with costs varying from a few dollars to as much as $45 for electronics, as stores seek to offset the rising costs of returns. Consumers are advised to read return policies carefully to avoid unexpected charges.
Despite recent legal and market changes, premium credit cards are expected to remain popular in 2026 due to high consumer satisfaction, continued demand for luxury perks, and the ongoing growth of high-end offerings, even with rising fees and potential regulatory adjustments.
Chicago City Council approved a 2026 budget that avoids a corporate head tax, includes fee hikes like bag taxes and liquor taxes, legalizes video gambling, and proposes selling city debt, despite opposition from Mayor Johnson who may veto it. The budget faces concerns over revenue assumptions and potential deficits, with key changes aimed at funding city services and infrastructure.
Fiserv's stock dropped over 7% following reports of customer dissatisfaction with fees on Clover payment systems and news of a strategy overhaul and guidance reset, after a significant 44% plunge the previous day.
Fiserv's stock plummeted 44%, wiping out $30 billion in market value, after CEO Mike Lyons announced a rollback of fee hikes on Clover, its flagship point-of-sale system, due to customer dissatisfaction and a review revealing management missteps and overpromising growth, highlighting the risks even established fintech companies face from management discipline and customer demand.
The Trump administration imposed a new $100 annual fee on asylum seekers, but widespread confusion and administrative mishaps have left many unsure how to pay or if they owe the fee, raising concerns about potential barriers to legal asylum and increased deportations.
Microsoft is now allowing developers worldwide to publish apps to the Windows Store without any onboarding fees, removing a significant barrier and promoting a more inclusive platform for app innovation and distribution.
A surge in corporate bitcoin holdings has led to a boom in fees for custodians, brokers, and investment banks, with over 950,000 bitcoins valued at over $110 billion now held by public companies, fueling a lucrative industry of trading, custody, and yield services amid a broader trend of corporate crypto adoption.
The Biden administration's new order aims to expand access to alternative investments like crypto and private equity in 401(k) plans, but experts warn of increased risks, higher fees, liquidity issues, and lack of transparency, raising concerns about the potential impact on retirement savings.
Verizon is increasing several fees, including administrative and regulatory charges, which will likely raise customers' phone bills despite a three-year price lock, with changes possibly taking effect in September.
The European Commission announced that the travel authorization fee under ETIAS will nearly triple from 7 euros to 20 euros starting in late 2026, affecting travelers from 59 countries who visit 30 European nations for up to 90 days, with some exemptions. The increase aims to cover inflation and operational costs, aligning the fee with similar systems in the UK and US.
JPMorgan Chase, under CEO Jamie Dimon, is imposing new, significant fees on fintech companies for accessing customer data, marking a major escalation in the ongoing competition between traditional banks and challenger fintechs. This move comes as the bank seeks to monetize data access amid regulatory changes and could influence industry-wide practices, potentially stifling fintech innovation and affecting consumers.
The European Commission proposes increasing the ETIAS fee for visa-exempt travelers from €7 to €20 to fund the EU budget, with the new system starting in late 2026 for travelers from 30 European countries, including the US, UK, and Canada.
JPMorgan plans to start charging FinTech companies for access to consumer bank data, potentially impacting the FinTech sector's business models amid regulatory uncertainties surrounding open banking rules. The fees could significantly increase costs for data aggregators and FinTechs, with effects expected later this year.