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Buying any product involves a certain level of commitment from the customer's side – and equally, a level of trust in the seller as well. This is where 'Returns, Exchanges & Refunds' come into play. They serve as an assurance that, if something doesn't meet your expectations, there's a way to rectify things.
But what constitutes a return, an exchange, or a refund? How does each process work and how does it benefit you, the customer? Understanding these basics is critical to making informed purchases, ensuring total satisfaction with your investment, and knowing your rights as a consumer.
So, let’s start with returns. A return is when you send a product back to the store because it didn’t meet your expectations or it has defects. Usually, this is done within a certain period after the purchase. Once a return is accepted, it's up to the store to decide to either refund your money or exchange the product.
Exchanges, on the other hand, involve swapping the original product for another one. This could be due to size, color, or preference or even defects in the original product. Usually, exchanges happen within the same timeframe as returns and serve as an alternative to getting your money back.
And then, there are refunds. A refund is a return of money to the customer after a return has been processed. It might be swapped for an exchange or entirely given back to the customer, depending on the store's policies.