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What is the difference between a credit and a void?

Solution

A voided transaction is canceled before the transaction is settled. A void may take 1-2 days to "fall off" of the payer's statement.

A credit is simply where the merchant sends money to a cardholder. It may take 3-5 days for a credit to appear on a payer's statement.

 

 
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Article details
Article ID: 18
Category: Merchants
Date added: 2015-01-22 13:15:51
Views: 990
Rating (Votes): Article rated 3.6/5.0 (37)

 
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