Malpractices in Refunds - Addl Inputs
We will then have a seperate discussion on Solutions that needs to be implemented to make refund processing better.
Malpractices in Refunds Processing
1. Many companies don’t refund the security deposit at the end of the service term
2. Many e-commerce websites give store credits instead of refunding money
3. Some shopkeepers just refuse to take back their products and refund the money
4. Some websites offer a trial period on their products and offer 100% money back guarantee but the refund takes a long time to get processed
5. Some Government portals take months to refund the money
6. Most of the airlines deduct a major amount while processing refunds
7. Some vendors offer full refund if the customer does not like the product but make deductions at the time of actual processing
8. Refunds from railways have always been a big question mark more