0

I have a system, where a 2% "charge" (for want of a better term) applies to all transactions. Users can pay $100, and then they will top up for 98% of that amount (top up for $98).

I was thinking of the term surcharge, but that would be for where the user pays $102, for example, to top up for $100 of goods (2% surcharge).

Is there a term for when the value of the money given by the user is decreased by a percentage?

6
  • inclusive of charge.
    – Dheer
    Jul 4 '16 at 10:51
  • @Dheer Would a correct description be "a 2% inclusive of service charge"?
    – Lucas
    Jul 4 '16 at 10:55
  • 2
    Yes that sounds right. Or "inclusive/including of 2% service charge". Generally inclusive is used to indicate as such. You could also try "a 2% deductible towards service charge would apply"
    – Dheer
    Jul 4 '16 at 11:36
  • 1
    @Dheer Thanks for that! Perhaps you could post that as an answer, and this question would be answered.
    – Lucas
    Jul 4 '16 at 11:42
  • This sounds like vigorish: en.m.wikipedia.org/wiki/Vigorish
    – user662852
    Jul 4 '16 at 20:10
1

My suggestion would be"inclusive/ including 2% service charge" or "2% deductible towards service charge would apply"

1

It may not apply for your situation, but if you were running a mutual fund, you could use the term "front-end load".

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.