Cryptocurrency Q&A
Is service fee the same as tip?
Is service fee the same as tip?
SamuraiHonor
Fri Oct 25 2024
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5 answers
717
I'm confused about the difference between a service fee and a tip. Are they the same thing or are there distinct differences? I'd like to understand this better.
5 answers
Filippo
Sun Oct 27 2024
Importantly, these service charges do not contribute to the tip credit that employees may receive.
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Sara
Sun Oct 27 2024
These charges differ from tips or gratuities that customers typically provide.
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CherryBlossomDance
Sun Oct 27 2024
According to Mickelsen, service charges are classified as revenue.
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DongdaemunTrendsetterStyle
Sun Oct 27 2024
This means that the revenue generated from these charges can be distributed to employees as decided by the business operators.
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benjamin_stokes_astronomer
Sun Oct 27 2024
Service charges often result in an additional percentage being added to the final bill.
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