Report: Apple to do away with 10 percent 'restocking' fee at retail stores

Is this becoming a trend among electronics sellers? If so, it's a good one for consumers: Reports today indicate that as of Tuesday, Jan. 11, Apple will no longer charge a 10 percent "restocking" fee when products are returned to its retail stores. That, by the way, is that same day Verizon plans a "special event" which just may be the company's announcement of the Verizon iPhone.

Just a few weeks ago, in the midst of holiday shopping season, retailer Best Buy announced that it would no longer charge restocking fees for returns of nearly all its products. But if you're buying elsewhere, we have some sage advice for avoiding these fees along with other pointers: "8 tips for returning electronics gifts."

"Apple to Scrap Restocking Fees? We Hope So" [PC World]

—Carol Mangis

—Carol Mangis