Example: [Collected via e-mail, May 2008]
Best Buy has some bad policies....
Normally, I would not share this with others, However, since this could happen to you or your friends , I decided to share it. If you purchase something from,
Well, I purchased a GPS for my car, a Tom Tom XL.S from
I explained to the lady at the return desk I did like the way it could not find store names. The lady at the refund desk said, there is a 15% restock fee, for items returned. I said no one told me that. I said how much would that be. She said it goes by the price of the item. It will be $45.00 Dollars for you. I said, all your going to do is walk over and place it back on the self! Then charge me $45.00 of my money for restocking!! She said that's the store policy. I said if more people were aware of it they would not buy anything here! If I bought a $2000.00 computer or TV and returned it I would be charged $300.00 dollars restock fee!! She said yes, 15%.
I said OK, just give me my money minus the restock fee.
She said, since the item is over 200.00 dollars, she cant give me my money back!!! Corporate has to and they will mail you a check in 7 to ten days.!!
I said "WHAT?!" It's my money!! I paid in cash ! I want to buy a different brand..Now I have to wait 7 to
I said, do you read the front or back of your receipt? She said well, the front! I said so do I, I want to talk to the Manager!.
So the manager comes over, I explained everything to him, and he said, well, sir they should ld of told you about the policy when you got the item. I said, No one, has ever told me about the check refund or restock fee, when ever I bought items from computers to TVs from
I called corporate. The guy said, well, I'm not supposed to do this but I can give you a 45.00 dollar gift card and you can use it at
I informed him that I was going to e-mail my friends and give them a heads up on this stores policy, as they don't tell you about all there little caveats
So please pass this on. It may save your friends from having a bad experience of shopping at
Origins: This e-mail about the return policies of the Best Buy chain of retail electronics stores began making the rounds in early April 2008, with many of its earliest copies signed with the name "Dave Dillon."
A the time this item began circulating, the Best Buy chain did indeed deduct a 15% restocking fee from refunds made to
It is still Best Buy's stated policy to issue refunds via corporate check for cash and debit card purchases over $500, and check purchases over $250:
Your refund will generally be in the same form as the original payment. However, when the item was purchased with cash or with a debit card without a major credit card logo for more than $500, or with a check for more than $250 the refund will be in the form of a check mailed to you within
Also, restocking fees work to discourage those intent upon using retailers as merchandise lending libraries. Absent such fees, someone looking to have the use of a camcorder for a wedding, for instance, could buy the item on Friday, use it on Saturday, retrieve images from it on Sunday, return it on Monday, and get all of his
Another purpose for restocking fees is to discourage customers from engaging in after-the-fact comparison
All of this, you might think, would be merely the retailers' headache. Yet that is a naive view: Retailers don't altruistically absorb such losses; they pass them along. To you.
While at first blush it might seem the better course to patronize stores that do not charge restocking fees on items purchasers return merely because they change their minds, it could well be that the opposite is the more prudent choice. Retailers who don't impose restocking fees on frivolous returns pass along their losses to consumers through higher prices. Should you not be someone who buys and returns things on whim, you might find your pocketbook better served by business entities that stick the inconstant with at least some of the costs associated with their capricious behavior.
Barbara "restock in trade" Mikkelson
Last updated: 17 December 2010
Kutz, Erin. "Retailers Less Grinchy on Returns." USA Today. 27 December 2010 (p. A1).