Ecommerce Refunds Stats

Data
Stats
Jun 30, 2020
ecommerce-refund-stats
These are some powerful stats for anyone who runs an e-commerce store. If you don't have a clear return policy and don't offer free return shipping, you could be missing out on a lot of sales.
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Image Description

The image is a split design with two sections. On the left, it shows a thumbs-up icon with statistics: 76% of people would give repeat business to a retailer that makes returns and exchanges easy, and 69% would do so if refunds are processed immediately. On the right, a thumbs-down icon indicates that 74% would not purchase if they have to pay for return shipping, and 63% would avoid a purchase if they can’t find the return policy.

Positive Aspects

The image effectively highlights the importance of a clear return policy and free return shipping for e-commerce businesses. It visually communicates the impact of these factors on consumer decisions, making the data easy to digest and persuasive.

Key Takeaways

  • Offering easy returns and exchanges can boost repeat business by 76%.
  • Quick refunds can increase customer loyalty by 69%.
  • Charging for return shipping deters 74% of potential buyers.
  • A visible return policy is crucial, as 63% won't purchase without it.

Additional Insights

Having a robust return policy not only fosters trust but can also be a key differentiator in the competitive e-commerce landscape. Consider this: your return policy is like the safety net for your customers—they want to know it’s there, even if they never use it. Plus, free return shipping is often perceived as a sign of confidence in your product quality.

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