So, you got a refund request from someone and they sent you back your item.. Time to square up and give them their money back. But can you charge a restocking fee?
Actually, the quick answer to that is: Yes…. in some cases.
Amazon specifically states that you can charge up to 20% and in some cases 50% of the items cost as a restocking fee (source).
This would probably become most beneficial in the realm of media, where you can no longer sell something like a CD that has been opened as “new” and thus would take a hit. In that case, you can actually charge a 50% restocking fee, then, theoretically, sell the CD as “used” and recoup the remainder… Though, that’s not how it happens in real life most times..
But is charging a restocking fee always a good idea? Well, that’s on you, as the business owner, to answer for yourself! What do you think? Leave me a comment below and let me know what you think about charging restocking fees. 🙂
If you would like more Amazon Seller Tips, take a second and subscribe to my YouTube channel at ResaleRenegade. If you’re here from my YouTube channel, thank you for stopping by! See you next time!
What topics would you like to see covered? Leave a comment below and let me know!