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In retail, a product return is the process of a customer taking previously purchased merchandise back to the retailer, and in turn receiving a refund in the original form of payment, exchange for another item (identical or different), or a store credit.
United States While there are no federal refund laws in the US, many state laws don't legally require refunds, instead allowing businesses to set their own refund policy. In some states, not conspicuously displaying a no refund policy means customers are entitled to refunds.
If the buyer's billing address or event is in one of 14 states with consumer laws around refund then the customer still can receive a refund. That includes includes California, Connecticut, Florida, Hawaii, Maryland, Massachusetts, Minnesota, New Jersey, New York, Ohio, Rhode Island, Utah, and Virginia.
You must offer a full refund if an item is faulty, not as described or does not do what it's supposed to. Check when you have to offer refunds and accept returns. Customers have exactly the same rights to refunds when they buy items in a sale as when they buy them at full price.
United States. While there are no federal refund laws in the US, many state laws don't legally require refunds, instead allowing businesses to set their own refund policy. In some states, not conspicuously displaying a no refund policy means customers are entitled to refunds.
In the U.S., there's no federal law that says merchants have to accept returns. However, retailers are required to provide a repair, exchange, or refund if a product is defective. And under the FTC's cooling off rule, you have the right to cancel some sales within three days of the purchase and get a full refund.
U.S. state laws do not require a Return & Refund Policy either but under certain circumstances, you will need to post this policy conspicuously in your storefront or through your ecommerce website. Issuing returns and refunds is at your store discretion.
A business cannot have a 'No Refund' policy. It's against the law to say you will not provide a refund under any circumstances. This includes sales, gift items and even secondhand goods.
Can a Store Refuse to Give a Refund According to Federal Law? There are no federal laws that require a merchant to refund money unless the product they sell turns out to be defective, despite the federal consumer protection regulation enforced by the Federal Trade Commission (FTC).
Returns and RefundsThere is no law that says all sellers must take back an item. It may not matter that you don't like it, decided you can't afford it or found it cheaper somewhere else. Every seller has a different return policy.