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167 sats \ 3 replies \ @SimpleStacker 11 Apr \ on: Lets say you buy something then later want a refund. What should you get back? AskSN
I don't think there's a morally right or wrong answer. It's just up to the buyer and seller to understand and agree to the terms.
Im making a couple assumptions.
- You should get back the same type of currency you originally paid with
- If you want a refund you should get back your original value
I think if you are ok with violating these then the answer becomes easy. I think time plays a big factor too but I guess i'm wondering what a reasonable customer can expect... will we honor a full refund for 5 min, a day, a week?
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Plenty of companies already do things like this. For some products and some time periods businesses will over store credit vs. money. Private companies write refund polices and when you buy from them you are agreeing to the terms. If people stop patronizing them due to this the company is incentivized to adjust their policy. If consumers abuse a refund policy the seller is incentivized to change their police again.
If companies do not follow their legal refund polices customers will sue them or expose this to the public. This happens from time to time and usually is settled privately through arbitration (private law). If a company abuses their customers these days they will get lit up online and suffer very quickly. We've seen this many times.
Its honestly funny to me when people think we have to have the state regulating everything as it does. Freedom is much better, much faster, and much more profitable to all parties.
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