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Apple to scrap restocking fee?

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Apple will scrap a 10% restocking fees for customers returning products to its retail stores, according to Internet reports, reports “NetworkWorld” (http://macte.ch/HbElU). The policy, expected to take effect Tuesday, coincides with an event from Verizon, where it’s expected it will be announced that the company will begin carrying the iPhone.

Currently Apple’s store policy is to automatically charge 10% of a product’s retail price, known as a restocking fee, when you choses to return a previously opened product. The amount is charged as a fee for Apple to refund the customer and restock the merchandise.

“9 To 5 Mac” (http://macte.ch/oGfxQ) reports that from Tuesday, Apple will cease the restocking fee practice from its retail chain. The 14-day return period will still apply, but if you want to upgrade one of the products you bought within a few days of purchases, you won’t have to pay an additional 10 percent of its price. Apple hasn’t commented officially on this matter; however, “Engadget” (http://macte.ch/KMXdi) claims says it’s confirmed this information with its own sources as well.

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