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The policy on refunds is a policy that must be followed for the purpose of educating your customers on how to receive their money back in the form of a refund for the product they purchased within your store. An average policy for small businesses could include details such as the timings for refunds, the manner in which they will be dealt with, as well as the procedure the customers are required to adhere to or provide for their cash.

The significance of policies on refunds is the fact that they help customers in making purchase choices. Additionally, they help build confidence and trustworthiness in the company. Learn more about the importance of a return or refund policy, and check out the examples of a policy for refunds.

It is important to note that this listing of guidelines regarding refunds are only the initial step. This isn't intended to function as a return policy or legal advice.

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