Holiday Returns Can Carry Hefty Price

Something to keep in mind during the holidays, stores that charge high restocking fees on tech items. Obviously the best way to avoid this is to remind your friends and family to shop at retailers that do not penalize you with high restocking fees.

Anthony said consumers generally believe that a receipt entitles them to a full cash refund. In reality, she said, refund policies are set by individual businesses. The state’s review of merchants’ policies found that the typical restocking fee was between 10 and 25 percent.

Comments