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When it comes to deciding between voiding and refunding a transaction, it is essential to understand the difference. After a sale occurs, the card is authorized, and the transaction remains in the system until the batch is closed. The closure of the batch sends the transactions through the processing networks to complete the cycle. Voiding should be done before the batch is closed, while refunds are issued after the batch is closed. Understanding this distinction can help in determining when to void and when to refund a transaction.