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A customer wants to return an item, but your policy is nowhere to be found. So, what happens if you don’t have a clear return policy? In this article, we’re going to break down everything you need to know about return policies. What is a Return Policy? Why is it important to have a return policy?
A solid ecommerce return policy can make or break a sale or turn a visitor into a customer for life. In a survey by comScore and UPS, 63% of American consumers check the return policy before making a purchase and 48% would shop more with retailers that offer hassle-free returns. Refund & Return Policy Template.
This is where a well-crafted store policy swoops in like a guardian angel, ensuring clarity for you as well as your customers. What is Store Policy? A store policy includes rules that outline what customers can expect when they shop with you. Why it is important to have a store policy?
Returns negatively impact brands in several ways including processing costs, shipping fees, unsellable merchandise and more. For example, optimizing where each return shipment is routed can minimize shipping costs, prevent cross-border shipments and even enable you to route items to stores low in stock or with higher demand.
To navigate this risk confidently, you need a safety net: shipping protection. In this handy guide, we’ll dive into what shipping protection is, why it’s essential, and how to overcome common challenges like a pro. What is Shipping Protection? But with shipping protection , there’s a safety net.
Imagine a world where your shipping process runs like a well-oiled machineno missed deliveries, no tracking nightmares, and definitely no irate customers flooding your inbox. Well, welcome to the reality of automated shipping. What is Shipping Automation? Sounds like a dream? Spoiler alert: its a total game-changer.
Every e-commerce business relies on shipping carriers like DHL to deliver a seamless customer experience. This guide walks you through DHL’s damage claim policy, claim eligibility, and the exact steps to recover costs when things go wrong. But despite the best logistics and safeguards, things don’t always go as planned.
This presents a dual shipping dilemma for businesses: how can they keep shipping costs on the business low, while also offering customer-friendly return policies? This means that when ecommerce retailers can’t provide the peace of mind that clear return shippingpolicies can offer, customers will take their money and run.
According to PwC, businesses that reduce friction for consumers and empower all employees to make things right whether through returns, price adjustments or other policies bring higher customer satisfaction and more forgiveness. Delivering a smooth and frictionless post-purchase experience should be a top priority for every retailer.
The ease of online shopping is partly driven by flexible return policies. This behavior is something retailers need to consider when developing policies that meet Gen Zs demand for flexibility. Minimal-touch shopping and buying processes and flexible shipping options will keep your Gen Z customers coming back.
More sales also means more shipping, and more possible shipping issues. Given the numbers, it makes sense both customers and brands are anxious about holiday shipping. Every year, carriers publish their “Last Days to Ship” schedules. Steps to Eliminate Stress During Peak Shipping Season. Plan early.
As an online seller, chances are good that you charge your customers for shipping or delivery fees at least some of the time. In the US, this can present a challenge because some US states require that retailers charge sales tax on shipping charges, while other states do not. Sales Tax and Shipping: Laws and Regulations.
You’re running a business, shipping out packages left and right, and then A package gets delayed, goes missing, or arrives looking like it went through a wrestling match with a grizzly bear. Businesses are missing out on a whopping $3 billion in shipping refunds every single year. Okay, let’s get real for a minute.
A little analysis of your customer behavior at this stage or simply asking for their feedback will give you an insight into how your shippingpolicy impacted their purchasing decision. But why are these shippingpolicies so crucial that 67% of shoppers check a store’s policy before making a purchase?
Claiming refunds for service failures is a must-do to ensure that you’re not overpaying your shipping carrier. Given that over 15% of parcels shipped through them face service failures and delivery issues (P.S Understanding FedEx Money-Back Guarantee (MBG) and UPS’ Guaranteed Service Refund (GSR) in Terms of Shipping Refunds.
Marking a significant shift in ThredUp ’s value proposition to consumers, the resale marketplace testing out a number of new initiatives to improve its margins, including new return policies and fees for its “cleanout kit” consignment services. to receive one of the brand’s iconic polka dot cleanout bags.
Shipping and Beyond Unfortunately, the security and fraud risks continue after orders are approved. One is shipment diversion: when criminals place an order using stolen data or a hijacked account, they leave the default shipping address unchanged to avoid raising fraud flags.
Drop Shipping! In this complete guide, we'll cover all the ins and outs of drop shipping as a business model that you should know if you're considering it the path for you. . Dropshipping Guide: Table of Contents: Chapter #1: What is drop shipping? Chapter #2: Pros and cons of drop shipping. “Dropshipping!
Carriers offer shipping insurance, each employing their own policies and protocols. Companies should familiarize themselves with the policies of major carriers and third-party insurance providers to find the shipping insurance that covers needs at the lowest possible cost. Understand What’s Covered. Source: Elextensions.
Theres nothing quite like the thrill of tracking a UPS packageuntil it mysteriously vanishes into the shipping void or arrives looking like it took a detour through a demolition derby. From paperwork pitfalls to policy puzzles, navigating a UPS damage or loss claim can feel like solving a shipping mystery. The not-so-good news?
Many retailers are reportedly implementing new return policies to mitigate the increase in fraudulent returns and exchanges, with some even banning returns altogether. Return Policy Abuse Returning items can be a logistical disaster and cost burden for ecommerce businesses.
Have you spent time taking a good, hard look at your shipping invoices? Or you could follow in the footsteps of other retail businesses that have become increasingly savvy and claim refunds for various shipping carrier service failures using automated shipping audit services like LateShipment.com. . If not, try it once.
Plus, there are the costs: return shipping, processing fees, and the ever-present risk of lost revenue. Think about all the costs involved: return shipping, processing fees, restocking (or disposing of) returned items, and the administrative overhead of managing returns. Double-check everything before it ships.
Research has shown that having a generous return policy can increase your store’s sales but doesn’t necessarily translate into an increased volume of returns because great return experiences increase customer loyalty. Have a Clear Return Policy. Who pays for the return shipping costs?
Also to blame are overly complex checkout processes, invalid discount codes, security concerns, questionable return policies, comparison shopping, etc. The list goes on, but one other barrier to purchasing seems to be a major sticking point for 63% of consumers : shipping costs. The True Cost of Shipping.
Don’t forget to factor in shipping fees and other costs. Factor in costs like: Referral Fee Shipping costs Returns fees Your purchase costs Any overhead costs you have, e.g., electricity, labor costs, and other merchant costs if applicable. You must always offer at least two shipping options : Free Value Shipping Standard Shipping.
While it’s no secret that free package shipping does not actually exist and the seller is the one who has to pay for it, international shipping either costs loads of money for a brand, requires lots of workforces, or both. And suddenly, shipping internationally becomes a true headache. Quit Overpaying for Shipping.
Heres a look at the eight types of store credit you should consider integrating into your store policy: Exchanges Exchanges and returns are common forms of store credit that keep revenue within your business while maintaining customer satisfaction. And if those purchases get returned?
Walmart, however, is not taking in-store returns for apparel, cleaning supplies, health and beauty or pharmacy purchases, although customers can ship products back using the Walmart app or web site. This policy prompted customer complaints that a local ABC TV affiliate in Chicago reported on. Its competition clearly is. George, Ph.D.,
It’s when someone takes advantage of your return policy to get something they don’t deserve. Create Clearer and Stricter Return Policies A well-defined return policy can be your first line of defense. tags still attached, original packaging), and any exceptions to your policy. What is Return Fraud?
Consider the traditional returns process: Look up the merchant’s return policy, find the receipt, request return authorization, print a shipping label, repackage the item, drop it off at a carrier, wait days for confirmation that it was received, and finally, wait even longer to receive a refund minus a returns shipping fee.
Don’t just look at the price retailers are charging for their products, look at the total cost as well (tax + shipping charges + service fees). Shipping is often a big thing for online retailers as almost everyone was charging an arm and a leg for shipping due to heavy products. Determine your shipping costs.
While some are charging customers fees to simultaneously slow and offset rising costs resulting from elevated return rates, others are adopting returnless refund policies. Returnless refunds also make sense for companies shipping heavy or bulky items that are more expensive to ship. Of course, no good deed goes unpunished.
There are hefty fees for merchants when it comes to returns — shipping is costly and restocking takes time and money, which can take a toll on any business. Oh, ship… Inflation has been increasing, which likely means you’re being mindful of the economy. So why are retailers making the switch?
Makes returns and exchanges efficient Returns management software helps you optimize your operations and enhances efficiency by automating tasks such as recording returns and exchange requests, ensuring these align with your returns and exchange policies, reviewing requests, generating labels, tracking returns, and initiating refunds or exchanges.
Shipping insurance costs a small percentage of your shipment value, but when things go wrong, they cover the entire value to compensate for the loss or damage of your packages. Shipping insurance transfers that risk to the insurer, providing you with peace of mind and financial protection. But do I have to insure my packages ?
As an ecommerce vendor, there’s nothing you can do to avoid shipping delays. We’ll also give you a basic shipping delay email template to help you communicate delays to customers. An example of Amazon’s shipping delivery estimate. A shipping delay notification on the product page for NaturAll. Reading Time: 9 minutes.
When DHL, one of the biggest names in global shipping, doesnt deliver (quite literally), it can leave e-commerce businesses scrambling in confusion. You see, established names like DHL have policies and procedures in place for service failures, and if you know how to navigate them, well, youre halfway through getting your refund.
Then there are cases where items aren’t coming back from customers at allthink unsold inventory getting shipped back to suppliers. Return Policy and Procedure (RPP) As the name suggests, these are the guidelines you share with your customers regarding returns, exchanges, and refunds. Let’s take a closer look at them.
For starters, customers are more likely to hit buy when you have a favorable return policy. In fact, 60% of shoppers will look at the return policy before making a purchase. Not only do online businesses lose out on the revenue from the initial sale, but they also have to account for the return itself, shipping costs, and more.
Once you make it over that hurdle, it’s time to deal with order fulfillment and shipping. That means you, the store owner, don’t need to keep products in stock or worry about shipping. Margins aren’t great but it’s a trade off, you don’t have to invest in stock, store, pack or ship the product.
Prior to the COVID outbreak, two-thirds of shoppers preferred store returns, and only one-third scheduled returns with a shipping company, according to data from Optoro. A follow-up survey in October 2020 found that 60% of consumers had started using shipping companies to return items.
FedEx Office , the printing, packing and shipping services subsidiary of FedEx, is partnering with online design company Canva to create a digital design-to-print marketplace. The partnership aims to make it easier for retailers to create professionally printed materials to help them get back to business quickly and safely.
Late delivery incidents are frequent, almost inevitable, and happen primarily because shipping carriers fail to keep up with their promises of on-time delivery despite their busy schedules during times like the holiday season and while facing supply chain disruptions. Well, here are the top 10 most common causes of late deliveries: 1.
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