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    3. How Can I Create a Fair Return Policy?»
    Cheerful woman restarting closed business

    How Can I Create a Fair Return Policy?

    AllBusiness Editors
    Customer ServiceOperations

    Establishing a return policy can be difficult—you want to be fair and friendly, but you don't want customers take advantage of your kindness. Strike a balance by setting a clear policy that allows for some flexibility.

    Factors to decide when creating a return policy:

    • Whether you'll give cash back versus store credit
    • The time you'll allow for returns
    • How you'll handle broken, damaged, or opened merchandise
    • Whether you'll accept items without a store receipt

    Finally, to prevent return fraud and ensure that returned items actually came from your store, it's a good idea to code all purchased items.

    For more information on return policies, be sure to read The Importance of a Good Return Policy.

    More articles from AllBusiness.com:

    • Checklist: Types of Retail Return Policies
    • How to Price Your Store Merchandise
    • How to Establish a Credit Policy
    • Retailers: Shut the Door on Sticky-Fingered Shoplifters

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