Payment
GPN

GPN Transaction Settlement

8min

Settlement



The  of completing a  between   and   proceeds after   makes an   to   using a card bearing   logo. This  aims to provide  to   regarding  income received by bookkeeping, whether  nominal  received is similar to  nominal recorded at  .

Sometimes, Merchants experience a Void or Refund  that makes    unsuccessful.



Void



Transaction cancellation can be submitted if   has made a full  (full amount) which has been successful and hasn't been through   .



Refund



Refund is a  of repayment of funds that occurs with  agreement between  and  without any dispute between both parties. There are 2 types of Refund, which are:

Full Refund

Refund of all funds allows Customers to requests a refund for all purchases from  shopping list at   and accommodates   to refund   according to  nominal amount submitted.

Partial Refund

Partial Refunds allows Customers to requests a refund for particular items from  shopping list at   and accommodates   to refund   according to  nominal amount submitted.

Refund Process

Refund Proces
Refund Proces

  1. The  requests a refund application to  .
  2. The  requests a refund application to  .
  3.  requests a refund to  Acquiring party.
  4. The Acquiring party requests a refund to  Issuing party.
  5. The Issuing party returns  funds to  .
  6. The Issuing party changes  amount to be paid on  .



Issuer Bank List



BANK

VOID

Manual Refund

BNI

BTN



See also

  GPN Business Model & Fee  to find out   model and how much fee is issued to use  .

  GPN Rule and Limitation  to find out  specific provision of  .

  GPN Glossary  to find out  particular term used on .

  GPN FAQ  if you want to find out frequently asked questions related to .