How to Handle Refunds and not Take HUGE Losses?
I'm planning on doing a big product launch here in the next month or so...
A question came up in my head that hasn't been addressed yet thru my studies.
Suppose I am selling a $497 product and a JV partner/affiliate sells my product at a 50% commission...so I give him nearly $250 but then the customer wants to take advantage of the 60 day money back guarantee.
Obviously I have to refund ALL of the money ($497) to the customer which would leave me at a loss of $250 because I also had to pay off the affiliate, no?
Or do I not pay the affiliate until the 60 days are up?
Does 1shoppingcart.com handle these types of rollbacks/losses?
Thanks in advance.
Regards,
Todd
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