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When considering whether to void or refund a transaction, it's important to understand the difference. Voiding occurs before the batch is closed, while refunding happens after the batch is closed. Voiding cancels the transaction authorization, preventing it from being processed, while refunding returns funds to the customer's account. Remember, voiding should be done before the batch is closed, while refunding should be done after. This process is also known as settlement or batching.
At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.
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