Just so were all real clear on what return fraud is:
Types of return fraud
Some examples of the return fraud and abuse problems include:
Wardrobing or renting: Purchasing merchandise for short-term use with the intent to return the item, such as a dress for a special occasion, a video camera for graduations and weddings or a big-screen television for the Super Bowl.
Returning stolen merchandise: Shoplifting with the objective to return the item(s) for full price, plus any sales tax.
Receipt fraud: Utilizing reused, stolen or falsified receipts to return merchandise for profit. Alternatively, returning goods purchased on sale or from a different store at a lower price with the intention of profiting from the difference.
e-Receipt fraud: Utilizing e-receipts issued when purchasing goods online, but returning them in store, to return merchandise for profit. A variation of the receipt fraud using the e-receipts.
Employee fraud: Assistance from employees to return stolen goods for full retail price.
Price switching: Placing lower priced labels on merchandise with the intention of returning the item(s) at the higher price point.
Price arbitrage: Purchasing differently priced, but similar-looking merchandise and returning the cheaper item as the expensive one.
Switch fraud: Purchasing a working item, and returning a damaged or defective identical item that was already owned.
Cross-retailer return: Returning or exchanging an item purchased at another retailer (usually at a lower price) for cash, store credit or a similar, higher-priced item at another retailer.
Types of return fraud
Some examples of the return fraud and abuse problems include:
Wardrobing or renting: Purchasing merchandise for short-term use with the intent to return the item, such as a dress for a special occasion, a video camera for graduations and weddings or a big-screen television for the Super Bowl.
Returning stolen merchandise: Shoplifting with the objective to return the item(s) for full price, plus any sales tax.
Receipt fraud: Utilizing reused, stolen or falsified receipts to return merchandise for profit. Alternatively, returning goods purchased on sale or from a different store at a lower price with the intention of profiting from the difference.
e-Receipt fraud: Utilizing e-receipts issued when purchasing goods online, but returning them in store, to return merchandise for profit. A variation of the receipt fraud using the e-receipts.
Employee fraud: Assistance from employees to return stolen goods for full retail price.
Price switching: Placing lower priced labels on merchandise with the intention of returning the item(s) at the higher price point.
Price arbitrage: Purchasing differently priced, but similar-looking merchandise and returning the cheaper item as the expensive one.
Switch fraud: Purchasing a working item, and returning a damaged or defective identical item that was already owned.
Cross-retailer return: Returning or exchanging an item purchased at another retailer (usually at a lower price) for cash, store credit or a similar, higher-priced item at another retailer.