Restocking fee

A restocking fee is a charge imposed by a retailer when you return an item after purchase. It's intended to cover the costs associated with processing the return, inspecting the item, and restocking it back onto the shelves. Typically expressed as a percentage of the item's price, the fee helps retailers manage the financial impact of returns. Restocking fees are usually specified upfront in the store’s return policy and apply mainly to certain items like electronics, jewelry, or special-order products. Understanding this fee can help you weigh the potential costs before making a purchase or returning an item.