NOTE: Please do not copy and paste this on your website. It is only a sample and your policy should depend on your business, market and process. Please be informed that the below policy are required to protect your company from disputes or chargeback.
Disclose how the service will reach your customers and should have the following statements:
must detail the refund, and cancellation policy clearly on the Website to inform Cardholders of their rights and responsibilities
For No Refund Policy- this must be very clearly communicated to Cardholders before the purchase decision is made, to prevent misunderstanding and disputes.
The conditions under which cancellation will be allowed has to be mentioned.