referral fees

Definition

The payments service providers make to third parties in return for recommending their services or sending customers to them. A title company, for example, gives up something valuable to a lender for sending someone in need of title insurance into its service.

Use referral fees in a sentence

I was very happy when I got my 10% on referral fees for helping the real estate agent sell the house.

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You should try and find the middle men that will ask for the smallest referral fees that you can find.

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The cash hungry doctor made a lot of money in referral fees by recommending his patients visit a certain chiropractor.

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