Our Return & Refund Policy template lets you get started with a Return and Refund Policy agreement. This template is free to download and use.
According to TrueShip study, over 60% of customers review a Return/Refund Policy before they make a purchasing decision.
Itâ€™s the single most important agreement your e-commerce store needs to have as it can affect your retention rate.
1 What is a Return/Refund Policy
1.Why use a Return/Refund Policy
1.What to include in Return/Refund Policy
2 Examples of Return and Refund Policies
3 Download Return/Refund Policy Template
What is a Return/Refund Policy
A Return and Refund Policy is the agreement where you inform customers about your policies regarding returns and refunds. It usually includes the following pieces of information:
How many days they have to return a product
How will they receive the refund (credit or replacement)
If you offer refunds for digital products or in-app purchases
Who pays for shipping to return the product
And so on
Why use a Return/Refund Policy
The â€œReturn and Refund Policyâ€ Generator will create a custom policy for your ecommerce store.
Most e-commerce stores should have a Return or Refund Policy. This includes retail stores as well. Customers must be informed about their rights to refunds. This â€œpolicyâ€ is the page where businesses inform customers about their policy on return and refunds. The Policy is part of the 3 legal agreements your e-commerce business should have:
If you collect any kind of personal data from your users (e.g. email addresses, first and last names), youâ€™re required by law to have this agreement.
The â€œTerms and Conditionsâ€ agreement.This is optional but recommended. Use this agreement to set the rules and guidelines for users when they register an account with you. You could add the Return and Refund Policy in your Terms and Conditions rather than having a separate agreement on returns.