In plain English
This limits what can happen when a purchase is returned. The item may be taken back only if it is swapped for another item. Money is not given back instead.
In context
Here, it communicates that the item can be returned only in exchange for another item, not for a refund.
- Situation
- Requesting returns, exchanges, refunds, replacements, and store credit
- What it communicates
- Classifies the item as eligible for exchange but not refund.
Meaning limits
The term alone does not specify which other item may be received in exchange, and any further conditions can vary.
Examples
“The sale dress was exchange only, so the cashier offered a different size instead of a refund.”
“At the counter, the assistant reminded her that the earrings were exchange only.”