
#1KEYBOARD REFUND TV#
These requests should be subject to additional scrutiny.The technical answer is, the new Apple TV will support a wireless keyboard but not a mouse. We also recommend flagging customers who submit an abnormally-high number of refund requests within a predetermined period.
#1KEYBOARD REFUND SERIAL NUMBERS#
You can try identifying goods based on unique serial numbers (if applicable), or issuing conditional credits that can only be used on certain items in the same product category as the goods returned.
#1KEYBOARD REFUND HOW TO#
Refund fraud is preventable the first step is learning how to separate the repeat offenders from your loyal customers and “accidental” refund scammers. Ad, like all those other threats to your bottom line, the most common misconception that merchants have is that there’s nothing one can really do to stop it. Refund fraud has a lot in common with other difficult-to-address threat sources, such as friendly fraud or affiliate fraud. The scammer will usually engage in social engineering or other manipulative tactics to secure the refund. Here are some of the most common refund fraud tactics you might see in your business:Ī refund service is a scheme in which a service provider offers to secure refunds for consumers in exchange for a fee.

Like we alluded to above, there is a range of tactics that fall under the broad umbrella of “refund fraud.” Some are simple mistakes, while others are intentional and malicious fraud. They also count on your reluctance to accuse paying customers of doing anything wrong. Bad actors know this, and are counting on that gray area to commit their crime. You also get hit with a chargeback fee.įirst-party fraud tactics like refund fraud and friendly fraud all exist within a tricky “gray area,” in which it can be very difficult to fraudsters from legitimate customers. When this happens, you lose the merchandise, and the overhead associated with the purchase (shipping, fulfillment costs, etc.). They might file a chargeback if they don’t get their way. If a buyer is committed to getting their money back, they won’t take “no” for an answer. But which scams are most common, and how might your business be targeted?įor every $100 in refunds they processed, the average merchant lost $10.64 to refund fraudsters, according to the NRF. Whichever way you look at these figures, refund fraud is a lose-lose situation for merchants. In other words, the average merchant lost $10.64 to refund scammers for every $100 in refunds they processed. The data also shows that, of the approximately $218 billion in online purchases returned in 2021, $23.2 billion were cases of return fraud. It’s a little too soon to celebrate, though. 2020 was an outlier year, though if we look at the trendline over the last several years, 2021 actually saw fewer returns than in previous years. To add insult to injury, though, a shocking percentage of the refund requests sent your way by customers will be cases of refund fraud.Īccording to the National Retail Federation, the average retail return rate rose to 16.6% in 2021 (up from 10.6% the year before).

Revenue loss due to refunds and product returns is an unavoidable part of operating in the retail space. The 9 Most-Common Refund Fraud Threats & How to Stop Them
