Bitget
Bitget

# GLOSSARY

Finance Dictionary : Drip Pricing

Drip Pricing

KEYTAKEAWAYS

Discover Drip Pricing, a pricing strategy that adds fees and charges incrementally during online shopping, potentially leading to unexpected costs for customers. Learn about the importance of transparent pricing in e-commerce.


CONTENT

DEFINITION

Drip Pricing – A Pricing Strategy That Gradually Adds Fees and Charges to the Initially Presented Price

 

Drip pricing is a pricing strategy often employed in online shopping experiences, where a single, seemingly attractive price is presented to customers at the beginning. As customers progress through the transaction, incremental fees and charges are gradually added, or ‘dripped,’ often leading to a final price significantly higher than the initial one. This practice is commonly observed in various industries, such as travel and e-commerce.

 

Regulatory guidelines typically require that all fees and charges be disclosed at the outset of the online shopping process rather than being incrementally introduced. Drip pricing can sometimes result in customer dissatisfaction and lead to higher costs for a service or product than initially anticipated.

 

Understanding drip pricing is essential for consumers and businesses alike, as it pertains to transparency and fair pricing practices in e-commerce.


DISCLAIMER

CoinRank is not a certified investment, legal, or tax advisor, nor is it a broker or dealer. All content, including opinions and analyses, is based on independent research and experiences of our team, intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.

 

We strive for accuracy in our content, but occasional errors may occur. Importantly, our information should not be seen as licensed financial advice or a substitute for consultation with certified professionals. CoinRank does not endorse specific financial products or strategies.


WRITER’S INTRO

CoinRank Exclusive brings together primary sources from various fields to provide readers with the most timely and in-depth analysis and coverage. Whether it’s blockchain, cryptocurrency, finance, or technology industries, readers can access the most exclusive and comprehensive knowledge.


NEWSLETTER

SUBSCRIBE

CoinRank