In the flurry of FedEx and UPS deliveries this time of year, you don’t need a behavioral economist to remind you of the downsides of our natural tendency to overvalue short-term needs above long-term planning. But a new and growing service some retailers have adopted as a truly last-minute option, Loop Commerce, gives even the worst procrastinators among us a break. Thanks to Loop, you don’t need to know their mailing address—just a phone number or email address. With Loop, gift recipients have the opportunity to correct wrong sizes or undesired choices before anything gets shipped. They’re also, from an accounting perspective, better than gift certificates, which must be booked as a liability rather than a credit.

Source: Forbes December 24, 2017 16:52 UTC