Why is it difficult for businesses to effect refunds of money after payment?

[King Belieal]

Having to effect a refund of customer's funds to customers after a failed order is always a big deal to any business. Some businesses would even prefer to replace the product than to make a refund.

Why is it difficult for businesses to make refunds to customers?

 

[Suba]

For business people, it is a loss if they have to return money after a sales transaction, so they better replace it with other goods or similar goods that are better and more expensive so that customers have to add money to get the goods.

 

[eLdavis]

Most business people find it out to give a refund cause this is considered as a huge loss to them, and some of them might have already record it.

 

[King Belieal]

I know that some business people might already have used the money the customer paid and having to refund might mean dipping into an external source.

 

[Springtime]

Making a refund can be complicated and time consuming because the financial transaction is recorded. It's better to offer alternative products to the customers.

 

[Augusta]

The thing is that making refunds by business owners is always difficult but it shouldn't always be a difficult thing

 

[Min George]

Some transactions have already been recorded in the accounting books and a refund would affect such records.