Retail Fraudsters Are Making Returns Difficult

Recent schemes may be the reason some retailers have changed return policies. Dreamstime/TNS

By Jamie Feldman From Kiplinger’s Personal Finance

While you may notice that some stores are letting you keep your returns under so-called “keep it” policies that help them defray costs, others are beginning to crack down on those very same return policies.

Why? Return Fraud

Retailers are projecting that, in the aftermath of the 2023 holiday season, fraudulent returns will account for $24.5 billion of the $148 billion total worth of returns, according to a January CNBC report.