Now that the holidays are over, you may need to return or exchange some gifts.
Like thenew AirPodsyou bought your brother before finding out he already has a pair.
Most found the process to be clunky and tedious.
Here’s how to do it.
Read more:BNPL Is My Holiday Budget Saver.
These 4 Rules Make It Work
Can I return items if I paid with BNPL?
If a retailer declines the return, your BNPL provider likely won’t issue a refund.
“Like other payment methods, returns and refunds are subject to the merchant’s policies.
If a refund is approved by the merchant, Affirm will refund the purchase in full.
In some cases, a store may offer you store credit or a gift card as a refund.
If you haven’t paid off your BNPL loan yet, you’re still responsible for the full payment.
How do refunds with BNPL plans work?
But it could take you longer to receive a refund.
Your refund will first be sent to the BNPL service provider.
The BNPL process can vary widely by store, said Smith.
I paid with BNPL, when will I get my money back?
It could take anywhere from a few days or weeks to receive your refund from a BNPL company.
If you paid any interest on the loan, those charges will not be refunded.
you might also check the status of your return with your BNPL provider by phone, app or email.
Otherwise, you could incur late fees.
Sprung also advised keeping notes if there’s an issue with the BNPL provider.
You may track receipts, purchase and return dates and paid installment payments.
“confirm you have patience.
