This new online shopping trend can save you a lot of money
Saving money on this new online shopping does not have to be complicated. We rounded up the essentials so you can spend less and skip the guesswork.
Key Takeaways
- Advertisement There’s an emerging trend in the retail industry that presents both an opportunity and a risk for bargain shoppers.
- A few weeks ago, Clark noticed that some websites started offering a lower price to customers who refuse the right to return the merchandise...
- Read more: Finding the best prices online Use this online shopping tip to save money Why would retailers do this?
There’s an emerging trend in the retail industry that presents both an opportunity and a risk for bargain shoppers.
A few weeks ago, Clark noticed that some websites started offering a lower cost to shoppers who refuse the right to return the merchandise for free.
Read more: Finding the best prices online
Use this online shopping tip to save money
Why would retailers do this? Those free returns are costing them a fortune!
Let’s take a look at an example from Jet.com, the website that Walmart is buying for more than $3 billion to take on Amazon. Here we have a pair of shoes that sell for $79.99.
As you can see from the screen capture, you’ll pay $75.99 , $4 less - if you give up the right to return them for free. Jet.com says you can still make a return, but it’ll cost you $5.99 plus 5% of the item’s cost.
You can also pay a lower cost by using a debit card instead of a credit card, but Clark doesn’t recommend debit because it offers fewer consumer protections , and online shopping is a popular target for criminals.
Read more: 9 places you should never use a debit card
Still, the $4 savings for giving up free returns may be worthwhile. Clark says he’s a decisive shopper, so he will most frequently take the discount. But if there’s a chance you’ll return the item, don’t take the bait.
AdvertisementThe same can be said for “final sale” merchandise, which typically has no returns or exchanges.
Speaking of those “final sale” deals, the Wall Street Journal reports those items may not really be at their lowest cost. Check for store-wide discounts that could offer additional savings.
Read more: These retailers will reward you for abandoning your online shopping cart
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AdvertisementFinal Thoughts
Before you check out, double-check this new online shopping against current offers and any coupons you can stack. Small habits like this add up to real savings over a year.
Originally published at clark.com.
SnaggyCodes Editorial Team
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