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Entries in Re-Stocking Fees (1)

Wednesday
Nov242010

Consumers Could Face Fees When Returning Gifts

Photo Courtesy - Getty Images(NEW YORK) -- It may be a bit early to think about returning presents you might get for Christmas.  But with the holiday shopping season's pinnacle, Black Friday, around the corner, there's a fee consumers should be aware of if they choose to bring something back to the store.

They're called re-stocking fees, and according to Consumer Reports' Greg Daugherty, "a lot of people encounter [them] when they have to return something, especially in electronics."

Some of the fees can be high.  Daugherty references CompUSA as an example, saying the store has "a re-stocking fee of up to 25 percent on some items."

Daugherty advises shoppers to "ask before you buy something, 'Is there going to be a re-stocking fee if I have to return this?,' and in particular if you're buying a gift for somebody you don't want them stuck with a re-stocking fee if they have to return their gift."

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