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A satisfaction guarantee allows buyers to return a product if they are not satisfied, but terms can be complex and vary by store. Time restrictions, usage limitations, and proof of purchase may apply, and refunds may be in the form of cash, store credit, or an identical replacement. Satisfaction guarantees are often used as marketing tools, and not all stores honor them.
A satisfaction guarantee is a claim from a store or product producer that indicates that if buyers are not completely satisfied with a product, they can return it. In some industries and stores, the satisfaction guarantee is used as a marketing tool, indicating that the customer is the first priority and that he or she can be assured of complete happiness. The terms of a satisfaction guarantee can get quite complex, and people should definitely read these statements carefully before purchasing or attempting to return an item.
Typically, a satisfaction guarantee includes a time restriction, which can range from 30 to 90 days. Beyond this time window, it will not be possible to return the item. The guarantee can also include a clause to indicate that heavily used items will also not be accepted for returns, to discourage people from buying something, using it, and trying to return it to get their money back. Even if a store has a general satisfaction guarantee, consumers should be aware that certain items may be exempt; undergarments, for example, generally cannot be accepted for return unless they are faulty.
In some cases, customers can receive cash back when they return an item that comes with a satisfaction guarantee. In other cases, they may be forced to return the item for store credit only. Some stores may even insist on providing the customer with an identical version of the item, arguing that the satisfaction guarantee is only in effect for defective or damaged items. A store may also charge a “restocking fee” for processing the return.
It is also not uncommon for a store or manufacturer to require proof of purchase with a return. People who are purchasing items with a satisfaction guarantee should keep this in mind and consider asking for a gift receipt in case the person receiving the item doesn’t like it. Otherwise, the item may not be able to be returned, or the customer may only receive store credit.
While buyer satisfaction seems to be the reason for establishing a satisfaction guarantee for a product, these statements are more often used as marketing tools, as people who have tried to return supposedly guaranteed items have discovered. Customers may find they have to go through multiple steps to receive cash back, a discount or store credit, and some stores may explicitly refuse to honor a satisfaction guarantee, with reasons ranging from “the item was purchased from a retailer different” to “the box has been opened”.
Asset Smart.
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