It’s estimated that almost 9% of the common retail retailer’s returns are fraudulent. If prospects return $1,000 price of product to a enterprise in a day, that is roughly $90 of fraud returns. That quantity is not going to replicate each enterprise precisely, as many companies have a lot decrease return fraud numbers, nevertheless it does paint a picture of the realities of return fraud. POS software program has various options to assist enterprise house owners observe return statistics. These statistics will be tracked and reviewed frequently to scale back fraud and worker theft. Password safety options may also be applied to make sure that not all associates have entry to all features on a retail system. If an worker is suspected of processing fraud returns, privileges will be taken away within the system as a proactive measure.
POS software program permits shops to generate digital receipts for every buy. One methodology of return fraud is when an merchandise is stolen after which returned. Digital receipts are one of the best ways to make sure that the product was in truth bought by lowering the possibilities of a pretend receipt. Every sale has each a bodily receipt and a paper receipt. A buyer who reveals up at retailer with no paper receipt will be verified by means of the POS software program with a digital receipt. This ensures that no buyer can present up with a pretend receipt or pester an worker into processing a return with no receipt.