Restocking Fee (Restocking Fee)

Description

A restocking fee is a charge that retailers impose on customers for returning items, typically to cover the costs associated with processing the return and re-shelving the product. This fee is often a percentage of the item’s purchase price and is intended to deter excessive or frivolous returns while offsetting some of the logistical expenses incurred by the retailer. Restocking fees are commonly applied to electronics, furniture, and other high-value items.