GPN Transaction Settlement

settlement the {{process}} of completing a {{transaction}} between {{the}} {{merchant}} and {{the}} {{bank}} proceeds after {{the}} {{customer}} makes an {{order}} {{payment}} to {{the}} {{merchant}} using a card bearing {{the}} {{gpn}} logo 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}} that 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 been through {{the}} {{settlement}} {{process}} refund refund is a {{process}} of repayment of funds that occurs with {{the}} agreement between {{customer}} and {{merchant}} 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 {{the}} shopping list at {{the}} {{merchant}} and accommodates {{the}} {{merchant}} to refund {{the}} {{customer}} according to {{the}} nominal amount submitted partial refund partial refunds allows customers to requests a refund for particular items from {{the}} shopping list at {{the}} {{merchant}} and accommodates {{the}} {{merchant}} to refund {{the}} {{customer}} 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}} issuer bank list bank void manual refund bni ❌ ✅ btn ✅ ✅ see also {{visit}} {{the}} gpn business model & fee docid\ kxlolnvso1iy7zwnxix9z {{page}} to find out {{the}} {{business}} model and how much fee is issued to use {{the}} {{gpn}} {{visit}} {{the}} gpn rule and limitation docid\ tgtipeosiby bfrasj2mx {{page}} to find out {{the}} specific provision of {{the}} {{gpn}} {{visit}} {{the}} gpn glossary docid\ is1kzryuhvd7e4uaamb1a {{page}} to find out {{the}} particular term used on {{gpn}} {{visit}} {{the}} gpn faq docid\ cbnudgiflpajjidlfdkdr {{page}} if you want to find out frequently asked questions related to {{gpn}}