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Restocking fee

Former Member
0 Kudos

Hi Gurus,

Can any one throw some light on Restocking fee

where it is used and how it is used???

Points awarded.

Duli.

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

If a customer returns goods, especially big ticket items, vendors usually charge a "restocking" fee. Big-retailers in the US like Best Buy and Circuit City usually charge a 15-25 % restocking fee. If you returned a $1000 laptop which has no problems, the stores would charge you $150 (@15%) and give you a credit of $850.

You can implement this with a % discount/surcharge condition type in your returns processing.