Hello, Conviner - your own call center terminology assistant at your service.

56% of UK adults have received an unsolicited call about making a compensation claim, with many of these calls being linked to missold financial products.

1. What Is Mis-Selling?

Mis-selling in call centers refers to agents using deceptive or unethical tactics to sell products or services to customers. This may involve providing inaccurate or incomplete information, using high-pressure sales tactics, or manipulating customers into purchasing that is not in their best interest.

Mis-selling can lead to customer dissatisfaction, distrust, complaints, and legal and regulatory issues for the company. To avoid mis-selling, call centers should provide agents with comprehensive training and guidelines on ethical sales practices, ensure transparency and accuracy in all customer interactions, and monitor and address any instances of mis-selling promptly and effectively.

2. What Are Some Mis-Selling Examples?

Some examples of mis-selling in call centers may include:

1. Providing inaccurate or incomplete information to customers about the product or service being sold.
2. Pushed customers into purchasing by using high-pressure sales tactics, such as creating a sense of urgency or offering unrealistic incentives.
3. Failing to disclose important terms and conditions, such as hidden fees, restrictions, or cancellation policies, that could affect the customer's decision to buy.
4. Making false or misleading claims about the product or service, such as promising unrealistic results or benefits.
5. Targeting vulnerable or disadvantaged customers, such as the elderly, low-income, or non-native speakers, and taking advantage of their lack of understanding or knowledge.
6. Ignoring or dismissing customer complaints or concerns and failing to provide adequate support or resolution.
7. Failing to comply with legal or regulatory requirements, such as disclosing all fees and charges, providing clear and accurate information, and obtaining proper consent from the customer.

That’s a wrap. 

Make your call center 100% free of compliance violations.