Last Updated on September 14, 2022 by Ron D. Morgan
Verizon has a robust return policy that allows you to return a product within the stipulated time frame. Maybe you changed your mind about the product or you want a different brand or color of the product. But the return policy comes with a catch which is the restocking fee.
Verizon has a restocking fee of $50 which is charged to your account when you return a new product purchased from Verizon within 30 days.
You can get your Verizon restocking fee waived by returning the product with the seal sticker and taking advantage of the product Verizon warranty policy
Continue reading this post to understand other details about the Verizon restocking fee. That includes how to avoid the Verizon restocking fee.
Does Verizon Charge A Restocking Fee
As mentioned earlier, yes. Verizon does charge a restocking fee. When you purchase a smartphone or device from Verizon, you have 30 days to decide whether to keep the product or return the product.
If you decide to return the product for a refund or to exchange it for another product, Verizon will charge you a restocking fee.
Verizon does charge a restocking fee because most times, the customer tampers with the seal sticker. This means that after returns, Verizon can’t include the product in the new-product inventory, and therefore the product will be resold for a slightly cheaper price.
How Much Is Verizon Restocking Fee?
Verizon charges $50 as a restocking fee. The $50 restocking fee applies if the product is returned in like-new condition. Also, the product must be returned in its original box and includes the product purchase receipt.
Note that the restocking fee may go higher depending on some factors. For instance, some authorized retailers may charge a higher amount for restocking fees. Also, if you return a damaged product or an unusable device, you will charge a higher restocking fee.
For instance, CellularSales, a Verizon unauthorized retailer, charges $250 as a restocking fee for a damaged product and $1250 as a restocking fee for an unusable device.
When Does Verizon Charge Restocking Fee?
The restocking fee applies when you return or exchange any wireless device. That includes your smartphone, smart devices, or any other wireless device. The following conditions must be met for the Verizon restocking fee to apply:
. The device must be in like-new condition.
. The Device must be returned 30 days from the day of purchasing or receiving the product.
. You must include all the accessories that originally came with the product.
. The device must be returned in its original box or package.
Does Verizon Charge Restocking Fee For Accessories?
No. Verizon does not charge restocking fee for accessories. The restocking fee only applies to wireless devices. That includes smartphones and other wireless devices. For this to apply, you must return the product in its original packaging and include the purchase receipt in the return box.
How To Avoid Verizon Restocking Fee?
There are three ways to avoid the Verizon restocking fee or get it waived.
a. Purchase In Hawaii
One way to avoid the Verizon restocking fee is if you order your product from Hawaii. Based on the information on their site, Verizon does not charge a restocking fee for products purchased and returned in Hawaii.
b. Return Sealed Product
Verizon will waive your restocking fee if you return your product without tampering with the seal sticker or original shrink wrap.
In other words, if you return an unopened product; Verizon will not charge a restocking fee to your account. Once you open the product or tamper with the seal sticker, Verizon
Also, you must return the product within 14 days from the purchase date or the date you received the product for this to apply.
c. Damaged Product
Verizon has a robust product warranty policy that allows customers to return defective products. The Company will waive the restocking fee when you return a damaged product.
For this to apply, the product has to be returned within the warranty period. Also, the damage must happen during the product manufacturing process and not damages caused by the customer.
Conclusion
So far, this post has covered everything you need to know about the Verizon restocking fee. That includes the amount, and when Verizon charges the restocking fee. The latter part of the post covers ways to avoid and waive the Verizon restocking fee.
Hi, I’m Ron D. Morgan. TECODY IS MY BRAINCHILD. I’ve worked in a tech startup in the last 7 years. I decided to branch out and start TECODY as a side project to provide tech troubleshooting tips for readers.
Got my two friends who are Nerd Heads too and here we are. The aim here is to provide readers with accurate info to help them resolve basic troubleshooting issues with Network and devices. You can always reach out to us via our Contact Us Page.