Small Businesses Face Serial Refunding Upwards Of £1,000
Plagued by serial refunding, hardest hit small businesses face upwards of £1,000 in refunds each month Q3 2020 hedge fund letters, conferences and more New data from Paymentsense has shown which parts of the UK are hotspots for Brits’ refunded purchases. It has been reported that pre-pandemic shoppers were returning a huge £7 billion purchases every year. On top of this, cash use declined by 60%, and Buy Now Pay Later (BNPL) adoption grew by 39% since the start of the year, set to double by 2023. So, with consumer behavior changes and the decline of cash, it's no doubt that refunding goods has...