Snapdeal to refund payments within 1 hour

Online marketplace Snapdeal will now refund payments within an hour of receiving returned products from customers, as per a press release. Until now, all refunds were processed between seven and 10 days of receiving the returned product. Snapdeal, which is run by Jasper Infotech Pvt Ltd, will make instant refund possible through Immediate Payments System [...] [...]