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The key difference between using void and refund when processing a transaction is important to remember. When a sale occurs, the card is first authorized, and then the batch needs to be closed for the transaction to be completed. Voiding should be done before the batch is closed, while refunding is done after the batch is closed. Remember to void if the transaction hasn't been completed, and refund if it has. Settlement or batching is the process of completing the transaction cycle.
