Since we deal with many different types of businesses, by default, Thrive Inventory by Shopventory will NOT re-stock refunded Products, but you can change that!
On the Locations and Integrations page, you can click on the integration name to select whether you'd like Thrive to restock returned/refunded products into inventory for that integration.
Refunds are applied at the time of the sale. This means if a product was sold in December and refunded in January, the refund would appear on the Sales Report for December.
Thrive also supports partial refunds on receipts (i.e. refunding just one product on a receipt with multiple products, NOT partially refunded monetary amounts). See below for more specifics based on your sales channel.
Refunds by sale channel:
Thrive integrates with different systems that have their own rules. We have to account for different limitations with regards to refunds:
Square and PayPal Here: These integrations do not give Thrive any info about what product was refunded in a partial refund, so updating inventory quantities (including automatic restocking) is not possible. Refund the full receipt in order to update the inventory.
Square Only: Refunds must be processed within 48 hours of a sale. Square's current API does not report refunds to Thrive after 48 hours. (An update to Square's API is expected soon)
BigCommerce, Clover, WooCommerce and Shopify: These integrations do provide information about what products were refunded in a partial refund so products will be detailed and Thrive will restock on a partial refunds (if restocking option is selected).
Clover Only: Always "Refund Items" rather than "Refund Payment". Otherwise, the payment amount will still be reported, but products will not be detailed on the Sales Report or added back to inventory if the restock option is selected.
Get notified on returns
You can enable emails to your inbox whenever a return happens. You'll see that option in the Settings section of Thrive.
We will send an email anytime a refund or return occurs. Sales that are refunded by your point of sale system will be deducted from the Sales Report.
Clover exchanges are correctly handled. Exchanges are treated as refunds.
For example, if the "Restock on Refund" sync setting is ON, the inventory history will be: -1 for original sale, +1 restock due to exchange, and -1 deducted due to an exchange.
If the "Restock on Refund" sync setting is OFF: -1 for original sale and -1 deducted due to an exchange
You can check your "Restock on Refund" selection in the Sales Channel Settings
For all other integrations, Thrive does not take any action with regards to exchanges. Quantities are neither added (for the product being returned) nor deducted (for the product they get in exchange). Sales reports will not be altered. No notifications are sent out regarding exchanges.
As a reminder, refunds are applied at the time of the sale. For example, if a product was sold in December and refunded in January, the refund would appear on the Sales Report for December.
Still have questions? We are here to help!
Start a chat with us by clicking the chat bubble at the bottom-right of this page.