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Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to ...
Refund. Chargeback. Refunds are initiated by a merchant after you return an item that was legitimately purchased. Chargebacks are initiated by your credit card company after you file a billing ...
eBay says it will stop accepting American Express as a form of payment starting in August. The company cited "unacceptably high" processing fees as the reason.
In this game, one party makes an offer to divide a pie (say, 10 dollars). Then another party can accept or reject the offer. When the offer (say, 8 dollars for the first party and 2 dollars for the second party) is accepted, the parties get the respective payments. When the offer is rejected, both parties get zero.
In the US, an estimated 8–10% of in-store sales is returned whereas online sales may result in 25–40% returns. In Asia and Europe, less than 5 percent of purchases are returned. [ 5 ] US shoppers returned $396 billion worth of purchases in 2018 – brick-and-mortar and online, according to the National Retail Federation (NRF). [ 6 ]
A return is costly for the vendor and inconvenient for the customer; any return that can be prevented benefits both parties. Returned merchandise requires management by the manufacturer after the return. The product has a second life cycle after the return. An important aspect of RMA management is learning from RMA trends to prevent further ...
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