How to Prevent Return Fraud
with ReverseLogix
Catching return fraud is like any other security scenario: You need a watchful eye at the door to stop the act before it starts.
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Stop returns fraud with ReverseLogix!
Catching return fraud is like any other security scenario: You need a watchful eye at the door to stop the act before it starts.
Stop returns fraud with ReverseLogix!
(removing valuable electronic components and returning the shell)
(e.g. initiate an online chargeback while returning the item in-store)
You get visibility into the item’s purchase history, detailed product information, and customer profiles. ReverseLogix enforces return policies, guides your team on detailed workflows, and alerts them to inconsistencies.
ReverseLogix catches return fraud by managing and orchestrating every aspect of returns management, ensuring workflows and policies are repeatable and standardized. With integration and visibility into supply chain systems like OMS, WMS and others, ReverseLogix is your watchdog for suspicious activity and inconsistent products and features.
Give your honest customers a fast and easy returns experience while putting safeguards in place to stop return fraud.
Return fraud happens across eCommerce and retail industries, whether B2C or B2B (to learn about common types of fraud, read What is Return Fraud?). In other words, if you allow returns of your product, you’re probably dealing with some type of in-store or online returns fraud.
Return fraud is costly to companies and risks losing the trust of your loyal customers, who could end up buying a bad product that was resold. False chargebacks, items purchased with stolen tender or incomplete electronic devices all deplete a company’s financial and team resources that should be focused on delighting customers (the vast majority of whom are honest).
Gartner
Pymnts.com
Appriss Retail
Most companies hit a peak season for product returns – and return fraud – during the holiday season, when warehouses and DCs are flooded with products and seasonal team members may not have the experience to catch questionable products. But it’s important to be on guard year-round, using an RMS to set clear rules and policies that help the team prevent return fraud.
Don’t let the bad apples cut into your bottom line, loyalty and team morale!
A global appliance company implemented ReverseLogix RMS, which revealed that some returns were counterfeit. The company revised its return requirements to be very detailed, and standardized processes across its distributor network. It caught fake returns, identified customers who abused the policy, and saved significant money.
A B2C/B2B audio technology company chose ReverseLogix to manage its end-to-end returns processes. With serial numbers, product images, and detailed product descriptions clearly displayed on workflow screens, the warehouse team can more accurately match returned products with inventory. Customer service teams have customers’ purchase history and communication history all in one system, giving them instant access for verifying purchases and payment methods.
Fraudulent or inefficient returns will cost your company in labor, warehousing, waste, and customer loyalty. ReverseLogix helps with all aspects of returns management. Use our ROI calculator to reveal your own cost savings!