Return Policy
Return policy is a company's policy that defines how customers can return, exchange or refund products and provides information on the terms and procedure for returns.
Is a return policy mandatory?
No, a return policy is not required under EU law. It is only advisable for online stores to have a clear return policy to promote customer satisfaction and loyalty and save costs.
What is a good returns policy?
A good returns policy is clear and transparent, offers flexibility and ensures an efficient and environmentally friendly returns process.
A good return policy consists of 5 essential components:
- Return time
- Return Costs
- Effort for the customer
- Return options
- Recovering money
Together, these can contribute to a positive customer experience, reputation, customer loyalty and cost savings for the company.
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