A void transaction describes a credit card transaction that has been deleted before settlement (close of batch). The transaction amount has only been authorized to the card holder’s account, therefore the cardholder should see that no funds were removed and card holder’s balance will clear the authorization amount within 24-48 hours. This is much faster than issuing a Credit, which may take 48-72 hours or more for funds to be reversed back to the cardholder’s account.
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