Virtual Payment Systems
Knowledgebase
Virtual Payment Systems Support > VPS Customer Support Portal > Knowledgebase

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.

 

 
Was this article helpful? yes / no
Related articles How Long Does it Take For Money to Be Deposited From A Credit Card Payment?
My Credit Card or Debit Card Payment is Being Rejected And It Should Work
Article details
Article ID: 18
Category: Merchants
Date added: 2015-01-22 08:15:51
Views: 2798
Rating (Votes): Article rated 3.3/5.0 (59)

 
« Go back
©2011 Virtual Payment Systems, Inc. Virtual Payment Systems, VPS and the VPS Logo are trademarks of Virutal Payment Systems, Inc.
Home | Terms of Use | Privacy Policy | Support | Contact Us