Refund vs Void: What is the Differnece

Modified on Thu, 05 Nov 2020 at 11:19 AM

Short Answer

The difference between a refund and voiding comes down to timing. If payment has been settled (as in, have you received the funds already), then you would issue a REFUND. If the transaction has not been settled, you would VOID the transaction.

More Information

In practice, both actions will result in a very similar outcome from the perspective of the payer. When the payment information is input online, their issuing bank (a bank or financial institution that provides lines of credit through card associations) will send the funds to

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article