Definition of Restocking fee:
Amount charged by a seller for accepting a returned merchandise and paying a refund.
How to use Restocking fee in a sentence?
- My son received two ipads for his birthday, but when he tried to return one for a refund, he was told that there would be a 20 percent restocking fee .
- Employees are required to inform their customers that a hefty restocking fee applies when they are returning a product that they simply decided they didnt want, but not a product that was defective and must be exchanged for a working model.
- Their policy of refusing returns on so called Intimate Items was irritating enough, but the 25% restocking fee on unopened apparel was simply egregious.
Meaning of Restocking fee & Restocking fee Definition