Direct Debit Transaction Settlement

settlement the {{process}} of completing a {{transaction}} between {{the}} {{merchant}} and {{the}} {{bank}} that proceeds after {{the}} {{customer}} makes an {{order}} {{payment}} to {{the}} {{merchant}} using {{the}} {{directdebit}} {{paymethod}} this {{process}} aims to provide {{information}} to {{the}} {{merchant}} regarding {{the}} income received by bookkeeping, whether {{the}} nominal {{transaction}} received is similar to {{the}} nominal recorded at {{the}} {{bank}} sometimes, merchants experience a void or refund {{process}} which makes {{the}} {{settlement}} {{process}} unsuccessful void transaction cancellation can be submitted if {{the}} {{transaction}} has made a full {{payment}} (full amount) which has been successful and hasn't gone through {{the}} {{settlement}} {{process}} refund refund is a {{process}} of repayment funds that occurs within {{the}} agreement from {{customer}} and {{merchant}} without having any dispute between both parties full refund refund of all funds allows customers to request a refund for all purchases from {{the}} shopping list at {{the}} {{merchant}} and accommodates {{the}} {{merchant}} to be able to refund {{the}} {{customer}} according to {{the}} nominal amount submitted partial refund partial refunds allow customers to apply for refunds for particular items from {{the}} shopping list at merchants and accommodate merchants to be able to make refunds to customers according to {{the}} nominal amount submitted refund process the {{customer}} requests a refund application to {{the}} {{merchant}} the {{merchant}} requests a refund application to {{the}} {{nicepay}} {{nicepay}} requests a refund to {{the}} acquiring party the acquiring party requests a refund to {{the}} issuing party the issuing party returns {{the}} funds to {{the}} {{customer}} the issuing party changes {{the}} amount to be paid on {{merchant}} {{settlement}} see also {{visit}} {{the}} docid\ cr nkhowpsrht5zjzzmi7 {{page}} to find out {{the}} specific provision of {{the}} {{directdebit}} {{visit}} {{the}} docid 16dphglset r4tfbqlj6y {{page}} if you want to find out frequently asked questions related to {{directdebit}}