Understandably, personalized items cannot be accepted for return, unless there is a manufacturing error or product defect. All refunds and exchanges must be made within 30 days of receipt.
Full Answer
What should be included in a return policy statement?
As the name implies, a return policy should clearly indicate if customers are allowed to return purchased products or claim refunds on paid-for services. Elaborate on this further by detailing how customers have to return an item, what items your returns policy does or does not apply to, and what condition an item must be returned in.
How do I add a return policy to a product?
You can either leave it as a pure link “return and refund policy” or inform the customer how long they have to return the item, the money-back guarantee (if you have it) and who pays for return shipping. Then you can attach the text “see details” and link it to your full policy, just like in the picture below.
What should your return and refund policy look like?
Return and refund policy should typically address the following few points: Clearly state if returns, exchanges, and refunds are accepted by a company. The number of days customers have to return or exchange a product.
Can I return a product to a store?
Some stores allow customers to get similar products or get a store credit in the value of the purchased item, while others return the cash spent on the product. At last, you will have to specify who will pay for the return shipping.
What should be included in a return policy?
The following are add-ons with more information that you may want to include: How long it takes to receive your refund, replacement product, or store credit. Any shipping fees the customer will need to pay. Any return restocking fees the customer will need to pay.
How do I write a return policy?
How to write a return policyThe number of days or deadline to return the product.The type of refund they will receive (store credit, exchange, full refund).The information they need to bring in-store or send online for the refund (receipts, credit card, etc).Conditions the product must be in to be valid for return.More items...•
What is a typical return policy?
Letting your customers know precisely how long they have to return a product is a crucial element to include in your Return and Refund Policy. Typically, eCommerce stores offer a 15 to 30-day window in which customers can return a product and ask for a refund. Some businesses extend that period up to 90 days.
Can you abuse a return policy?
Refund abuse (aka. returns abuse) occurs when a customer uses the returns policy of a merchant so much that it becomes unprofitable. Customers may also abuse refunds by faking returns/receipts, or reselling merchandise.
What is a good return policy for a small business?
You should have a standard return policy for your business. According to one source, 9% of purchased products are returned to brick and mortar stores, and 30% of online purchases are returned. Return policies vary by business. They are influenced by industries and the types of products you sell.
Is a refund policy legally binding?
Refund Policies are, essentially, legally enforceable contractual terms between you and the customer. However, like any contract, these terms are only enforceable if they are: Clearly set out. Agreed to by the customer.
Can a business refuse to give a refund?
Customer Returns and Refunds Under Federal Law While many retailers have decided this makes for the best business practice, they aren't legally required to accept returns. Rather, retailers are required to accept returns only if the sold good is defective or if they otherwise break the sales contract.
Can a retailer refuse a refund?
For products bought in a shop, you do not have a legal right to a refund because you change your mind. If you bought the goods online, in most cases, you have 14 days to change your mind and get a full refund. Read more about shopping and shopping online.
In what circumstances can you insist on a refund?
If a consumer cancels their contract of sale with the seller, they are entitled to insist on a full refund. A seller may not insist the consumer receive another form of remedy (such as repair or replacement goods) or insist that the refund be issued as store credit.
Do companies track your returns?
Apparently, several retailers are working with a company called “The Retail Equation.” This company tracks your returns and has the ability to “block” you from returning for a year when they determine that you have returned too much.
Is refunding illegal?
There is no federal or state law that absolutely requires you to accept returns, make exchanges or provide refunds without legal justification. Outside of general principles of contract law (i.e. fraud, material misrepresentation, mistake, unconscionable contracts, breach of warranty, etc.)
Is it illegal to buy something and return it?
Most retail stores allow you to return things you buy within a reasonable time for a full refund, credit, or an exchange. When a store clearly displays a limited or no-refund policy, however, refunds and exchanges are not required by law.
What do you say when returning an item?
Smile and say, "Hi, I want to return this item which I bought last week." Show the clerk the item and your receipt. Don't delay returning the item. Some stores allow returns but only for a certain amount of time. For example, many stores only allow returns within 14 days of the purchase.
How does the return policy work?
A return policy lays out how long a customer has to return items, in what condition the items must be, if they need a receipt and whether they will receive cash or store credit. Without a return policy, there can be disagreements over when and what can be returned or exchanged at the store.
How do you handle customer returns?
3 Tips to Make the Most of Your Returns in Retail and Convert More SalesKeep Your Losses As Low As Possible. Minimize your losses with return stipulations. ... Record of All Returns, Exchanges, Refunds in Retail. ... Make Sure You're Always Providing Excellent Customer Service.
How do I make a return?
Tell the clerk you want to return the item. Go to the returns department if there is one, or to a cashier. Smile and explain that you want to return an item and why. Remember to be friendly.
Is a return a refund?
No. A return is when a customer sends an item back to your store or warehouse. They usually have to return an item before they get a refund. A refu...
What is a return and refund policy?
A return and refund policy is an agreement between customers and your business regarding returns and refunds. It can include the following informat...
Are refunds legally required?
Depending on your country and state laws, you can technically have a no refund, no return policy. But a no return policy can make customers distrus...
How do I make a return policy?
Create a return policy that builds trust with customers. Be clear and concise when writing your return policy. Don't demand things from your custom...