If you do many purchase and return shops and your shopping companies that have contracted with:
[www.theretailequation.com]
You could do enough returns to reach the threshold to be considered a frequent return abuser and be declined a return at shops you have never made a single return at.
See:
[consumerist.com]
[consumerist.com]
If your doing many purchase and return shops and you are getting your license scanned at the return portion of the shop, your likely building up points with them and will be denied a return at some point.
Has this happened to anyone here yet?
[www.theretailequation.com]
You could do enough returns to reach the threshold to be considered a frequent return abuser and be declined a return at shops you have never made a single return at.
See:
[consumerist.com]
[consumerist.com]
If your doing many purchase and return shops and you are getting your license scanned at the return portion of the shop, your likely building up points with them and will be denied a return at some point.
Has this happened to anyone here yet?
@ wrote:
The Retail Equation (TRE) is the choice of leading retailers to help optimize transactions at the point-of-return and point-of-sale. In fact, 12 of the Top 50 retailers and 6 retailers in the Fortune 500 employ solutions from TRE. With more than 27,000 stores contracted for our services, we have a presence in every mall in America.
Reduce Returns, Prevent Fraud, Cut Costs
Returns are not just a cost of doing business. North American retailers' return rate percentages range from the low single digits to the mid-teens—but wherever you fall, studies show that approximately 8% of your return dollars are fraudulent. In fact, merchandise return fraud and abuse is estimated to be a $9–$17 billion annual problem in the retail industry. For a typical $1 billion retailer, that could be up to a $10 million exposure (as much as 1% of your annual revenue), hidden in your finances, adding to your costs and detracting from your net sales. That figure is big enough to place renewed focus on solving some basic issues at the return counter.
Verify-3 identifies fraudulent and abusive consumer behavior. It is the most widely used return optimization tool in the industry, and is proven effective in significantly reducing return rates at major retailers, prompting the Wall Street Journal to state that Verify Return Authorization™ “can now be found in every mall in America.” The return process is optimized because the Verify analytical modeling accounts for numerous factors, including your return policies and your shoppers’ purchase and return behavior, which helps make the best decisions to balance customer service and fraud/abuse prevention.