Whatever the prices you charge or how excellent the quality of your product is, there will be customers who may wish to return the items. This is why it’s important to have the right return policy. It establishes standards for customers and defines what they can expect should they want to return the product.
This post will take you through the fundamentals of creating the return policy and the information you should highlight. Then, find out how you can ensure that your policy is as accommodating to customers as you can while growing sales.
Table of Contents
- 1 What is a Return Policy?
- 2 What Is the Purpose of a Return Policy?
- 3 How to write a return policy for your eCommerce store
- 4 Return policy example of some global companies
- 5 Final Thoughts
What is a Return Policy?
The refund policy is precisely like it sounds: an agreement that defines the terms for any returns or refunds that can be provided through the website and an eCommerce store. As a buyer most likely, you are aware of this notion.
Before making a purchase, you can choose to read the policy on refunds of the store or website you are shopping on to ensure you’re satisfied with the conditions.
For example, If a website states it will the refund policy is not given You might reconsider placing an order.
However, If a different company provides a 30-day return policy, You will feel more relaxed about paying for your purchases on their website.
What Is the Purpose of a Return Policy?
The returning policy aims to define the particular requirements regarding the manner, time, and under what conditions consumers can return products. Furthermore, the return policy shows you care about your clients and their satisfaction with your products and services.
A solid return policy will ensure that your company is not harmed by fraud while providing a unifying procedure understood by your customers and yourself. It also makes your business appear more trustworthy and credible to a potential customer.
How to write a return policy for your eCommerce store
Return policies need more than to contain the information -they also need to communicate the information easily and concisely, which prevents misinterpretations. Your return policy should be clear and cover all aspects without getting too technical.
Make sure the language is simple & to the essence.
The rule of thumb is to write as you talk. If you’re no lawyer, don’t behave like one. Utilize a language that customers can be familiar with and make your return policy have some character. If it’s clear, concise, and not ambiguous, You’re in good shape.
The return policy you have in place with confusing language or legal jargon is sure to cause confusion for your customers and can result in more service requests. This takes time and costs money that could have been saved by having a great returns policy.
When you are drafting your company’s return policy, determine the conditions the item must be in before the return can be accepted. If you don’t include the information required, customers could try to return the item in a condition that is not suitable to sell.
Disclose any fees associated with returns
When a buyer would like to return a product that they purchased from your shop, who will pay the cost of shipping and restocking.? These things must be clearly stated within your policy on returns.
There’s nothing more disappointing from a consumer’s point of view when you receive an item you don’t want and then find out you’ll have to shell out money to return it.
If you expect your customers to accept the cost of returning items, Ensure that the policy is laid out within your policy. Failure to comply with this could result in a sea of angry customers with keyboards in hand and their Twitter accounts open.
Add Time Frame
It’s crucial to inform your customers when they can return the product. In general, a 15- 30 days return policy is the norm. However, some businesses choose 90 days of return and others.
Avoid Copy & Paste
Each business is different. Copying and pasting the same policies for someone another business can result in an unprofessional, confusing policy that can turn customers off.
Make sure you promote your policy.
The return policies of a website are as effective in its presence. If nobody can locate it, it does not exist, which can spell problems for owners of websites.
It’s always recommended to display your return policies on your site’s front page. The footer is a very popular place to put this information; some even make it a component of your checkout procedure.
In addition to the homepage positioning, We suggest you take care of the two steps below. First, you should include a printed version of the return policy in each package you mail. Second, feature your policy inside the purchase confirmation email you send to customers.
Return policy example of some global companies
A few of the policies on refunds and cancellations of the e-commerce websites listed include:
The Amazon page lists returns in three broad categories: refunds, returns, and exchanges. Amazon also has an overview of refund status for customers to view whether their refund is in good condition. It is also possible to check the status of their refund. Amazon Return policy states that certain items can be returned by submitting tickets, while others cannot be returned, and some may be traded for gifts or other ways. Amazon offers the A to Z warranty on all of its goods and an extensive list of returns policies on different products or sellers.
2. Best Buy
Flipkart offers customers the option to return defective products, damaged products, misplaced orders, or size mismatches. After submitting a return request and returning all items tags, freebies, and invoices in good condition, the item is replaced with Flipkart with a 30- or 10-day guarantee. Flipkart offers a full refund for a return. They also cover delivery costs, but the delivery costs are to be paid by the buyer.
4. Return policy apple
Apple has a standard return policy and its own return policy for products during the holidays. The complete refunds and returns policy is available in this.
The product kept in its original packaging tags, bills, and in good condition is entitled to exchange or return if the purchaser decides to do that it is necessary. (whatever the reason) All items have to be returned or exchanged within 30 days after receipt of the item. Any refunds will be paid directly to the Myntra cashback account, which allows customers to make further purchases and to pay through Myntra.
A good return policy must be concise, simple, and easy to understand. It should define the return deadline as well as the condition that must be met for returned items, as well as the steps to be followed in order to receive an amount of refund.