Void Payment Field For Free - Payment Field

Refunding a transaction returns money back to a customer's credit card; it takes three to five business days for the transfer to complete. A void transaction cancels the original transaction as if it never happened and needs one to 3 business days to take effect.

Once voided, the transaction should disappear from the customer's bank statement within 24 hours. Processing times may also vary depending on your bank or credit card company, but generally a void should never take more than four business days.

An unsettled transaction can be only voided. Once a transaction has been settled it can only be refunded. Cancellation order means you can't modify any order further.

A void transaction is one that is cancelled by you, the merchant, before it's settled with your payment provider. If you void a transaction, you won't pay any credit card processing costs (such as per-transaction fees), nor will your customer be charged for the amount of the purchase.

Basically, in order to void a transaction, you will have to stop processing the transaction before it settles with your merchant service provider or payment processor. If a transaction is voided before it is settled, the cardholder's bank won't charge (or debit) the cardholder's account for that purchase.

To void a payment document: Find the payment online, and from the Payments window select the payment and choose the Actions button. In the Payment Actions window select Void. Review and optionally change the void Date and the GL Date you want Payables to use for the accounting distributions. ... Save your work.

A void transaction is credit or debit card purchase that is canceled before any money is taken from the cardholder's account. Even when a transaction is voided, it may show up as a pending transaction on the customer's account statement for a short period of time.