[nfrS2K]

Could i just tell them okay and then later return the replacement i sent them? It seems as though they do not want to send me a direct refund.

Can you please clarify if you already been sent out a replacement by them?
Obviously, it seems that they want you to return the watch you bought at another store in order to keep your business.
If you refer to their policy, they do not accept change of mind returns. Therefore, if I read your post correctly and are receiving a replacement watch, you must try to argue your case and get an exception to return your replacement based on how you needed it urgently and that the replacement is useless, event has passed already bla bla etc.

I replacement has not been sent out to me yet. They have only sent me a link to confirm a replacement before sending one out. I’ve checked their return/refund policy, but nowhere does it state them not accepting change of mind returns. Unless it is somewhere else I’m not looking.