Mayank *Business* 3 months ago
Business
eCommerce#1 (I will keep them posting)
Today I learned, In the eCommerce world, there is a term called RTO, which means return to origin. it happens when the customer doesn't accept his package and business has to bear the return fees + COD fees + Shipping fees, the average RTO percentage is 20% with every business. To decrease it, Businesses use address confirmation calls or IVR automated calls after each order placed.
Stefanni 3 months ago
that is very interesting! Do you know if that percentage is usually added into the price of the products?
Mayank *Business* 3 months ago
@Stefanni, You are absolutely correct, That percentage is always added to the base price of the product.
Stefanni 3 months ago
nice, that's interesting to know! Thanks for sharing :)
Dmitrii Pashutskii 3 months ago
That's cool! I didn't know that either.
Mayank *Business* 3 months ago
@Stefanni You're Welcome!
@Dmitrii Me too!