In plain English
It is an amount the seller requires from the buyer as part of taking a returned purchase back. A return can be accepted and still include this required charge.
In context
Here, it refers to a charge that may be applied as a deduction when a seller accepts returned goods back.
- Situation
- Requesting returns, exchanges, refunds, replacements, and store credit
- What it communicates
- Names a possible deduction applied to some accepted returns.
Meaning limits
The term by itself does not say whether the charge applies in a particular case or how much it is.
Examples
“The seller took the mixer back but still charged the buyer a restocking fee.”
“A restocking fee was taken off the refund when the coffee maker was returned.”