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When should you void and when should you refund a transaction? The key difference lies in the authorization and batch closure process. A card is authorized when a sale occurs, and the transaction is either approved or declined. The transaction remains until the batch is closed, usually daily, which sends the transactions through processing networks to complete the cycle. Voiding cancels the transaction before batch closure, while refunding occurs after closure, returning the money to the customer. Remember, voiding is for transactions that haven't gone through batching, while refunds are for transactions that have.