Logo of Refundid

Refundid

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Last updated on

Company health

Employee growth
28% decrease in the last year
Web traffic
134% increase in the last quarter
Financing
April 2022 - $14M

Ratings

G2
5.0/5
(4)

Refundid description

Refundid is a financial service that lets customers in the US get instant refunds when returning online purchases to participating retailers. Customers receive their refund upfront, and then have seven days to return the product to the retailer via a tracked delivery service. Refundid facilitates returns for customers and manages the refund process with the retailer.


Who is Refundid best for

Refundid offers instant refunds for online returns, boosting customer satisfaction and encouraging repurchases. Users praise the easy process and excellent customer service but dislike occasional communication issues. Best for small to mid-sized online retailers.

  • Best for small to mid-sized businesses.

  • Ideal for online retailers.


Refundid features

Supported

Refundid offers instant refunds before items are returned.

Supported

Refundid facilitates returns by generating prepaid shipping labels and tracking information.

Supported

Refundid automates refunds, including instant refunds and return label generation.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Customer Service

Rather positive
+0.41

Ease of Use

Rather positive
+0.47

Reliability and Performance

Neutral
+0

Refundid reviews

We've summarised 104 Refundid reviews (Refundid TrustPilot reviews and Refundid G2 reviews) and summarised the main points below.

Pros of Refundid
  • Instant refunds are highly praised for convenience.
  • The process is generally considered easy and user-friendly.
  • Minimal data input required for returns.
  • Excellent customer service and helpful support team.
  • Facilitates quick repurchases with refunded money.
Cons of Refundid
  • Difficult ID verification process, with no clear guidance on next steps if declined.
  • Lack of communication before withdrawing refund money from bank accounts.
  • Some find the 7-day return window too short.
  • Concerns about excessive data collection for marketing purposes.
  • Unexpected deductions from refund amount with no explanation.

Refundid pricing

The commentary is based on 12 reviews from Refundid G2 reviews and Refundid TrustPilot reviews.

Refundid is 100% free for all customers. No subscription fees, no set up costs, and no transaction fees.

Users sentiment

Strongly negative
-1

See the Refundid pricing page.

  • Refundid has a free plan.

Free Plan
Free

Instant refunds direct to your bank account. Refund now. Ship later.


Refundid alternatives

  • Logo of Rule
    Rule
    Automated email and SMS marketing, personalized and easy.
    Read more
  • Logo of Returnly
    Returnly
    Hassle-free returns for shoppers. Instant refunds. Happy customers.
    Read more
  • Logo of ZigZag
    ZigZag
    Streamlines and simplifies e-commerce returns for happier customers.
    Read more
  • Logo of Saara Return Reduction
    Saara Return Reduction
    Stops returns before they happen, saving e-commerce money.
    Read more
  • Logo of ReturnGO
    ReturnGO
    Easy returns portal: happy customers, smooth operations, eco-friendly.
    Read more
  • Logo of Return Prime
    Return Prime
    Automated returns for Shopify, boosting customer happiness and insights.
    Read more

Refundid FAQ

  • What is Refundid and what does Refundid do?

    Refundid is a US-based fintech service offering instant refunds for online purchases from participating retailers. Customers receive their refund upfront and then return the item within seven days. Refundid streamlines the return process for both customers and retailers, managing the refund and facilitating the return shipping.

  • How does Refundid integrate with other tools?

    Refundid integrates with Shopify, Magento, BigCommerce, and WooCommerce. It also works with various shipping providers to facilitate returns. This streamlines the refund process for both customers and retailers.

  • What the main competitors of Refundid?

    Alternatives to Refundid include Optoro, which focuses on efficient returns management for retailers. For personal finance management, consider Quicken. If you need online payment solutions, explore PayPal.

  • Is Refundid legit?

    Refundid appears to be a legitimate service, based on generally positive Trustpilot reviews and its user-friendly features. However, some users have reported difficulties with ID verification and communication. Consider these factors when deciding if Refundid is safe and right for you.

  • How much does Refundid cost?

    Refundid doesn't publicly disclose its pricing. Contact Refundid directly for product pricing details and to determine if it's worth it for your needs.

  • Is Refundid customer service good?

    Customer reviews on Refundid are mixed. While many praise the instant refunds and easy process, some have experienced issues with the verification process, unexplained deductions, and lack of communication regarding refund withdrawals. Others find the 7-day return window inconvenient.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.