An online refund is the reimbursement of a payment that was previously made online. The repayment is usually processed through the same payment provider and the same payment method as the original payment.
Common Reasons
- Product returns
- Cancellations of services
- Incorrect or duplicate transactions
- Goodwill or partial refunds
Process
The duration of the refund depends on the payment provider and the payment method. Bookyt can document the process; the technical processing is handled by the respective payment service provider.