FastRefund

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astRefund - is a Fintech solution that helps supercharge online stores by helping to attract, convert and retain customers with fast refunds. We are unlike hundreds of other returns and exchange portals on Shopify. We are just like Klarna, but for the refunds. What problems do we solve? For your customers: Long refund times. Amazon does the refunds in 1 hour. Your customers usually wait 5-10 days to get a refund. People feel anxious about not being reimbursed quickly. For your online store: Up to 30% of all customer service inquiries are return and refund related. That is an additional cost for you. Up to 20% of all orders are returned. Imagine your new growth if you can keep that money and reinvest it in your business? Our solution: Customer registers their return and gets paid instantly. We are reducing the waiting time from an average of 10 days to 1 minute (14,400x faster). Then your customers post their return within three days, and the online store has 21 days to accept or reject the return and pay us back. That’s it. Our average results: - 51% increase in same-day repurchase rate - 32% increase in average order value - 24% decrease in customer service costs - 17% increase in gross sales