Refund vs Return vs Exchange – What’s the Difference?
These three words often appear together in store policies, but they do different jobs. Understanding the difference tells you whether you’ll get money back, what…
Read explanationYour refund reference
Plain-English explanations of refund statuses, payment methods, processing times and common policy wording.
The bigger picture
These three words often appear together in store policies, but they do different jobs. Understanding the difference tells you whether you’ll get money back, what…
Read explanationWhen a store says “Original Payment Method Only,” they’re telling you how they’ll send your refund back, to the same way you paid, and not…
Read explanationStore credit and refunds are two different ways a store handles returns. A refund returns money to the original payment method, while store credit keeps…
Read explanationRefund policy tools for stores, websites, and digital products Create a Clear Refund Policy for Your Business RefundPolicy.help helps you create, understand, and improve refund…
Read explanationCommon starting points
Understand the terms and situations that cause confusion.
From the resource library
Refunds through a digital wallet or buy now, pay later service depend on the payment product and the original transaction. Start with the merchant for…
Read explanationYou usually cannot redirect an existing digital wallet refund merely by adding a bank account or choosing a new default payment method. First establish the…
Read explanationPayPal refunds normally follow the original payment source. A refund shown in PayPal may still need processing by a bank or card issuer before you…
Read explanationFor a Klarna purchase, request the return or refund from the merchant, then check how the accepted refund appears against the correct Klarna order. Merchant…
Read explanationFor an Afterpay purchase, follow the retailer's return process and then confirm the refund and revised payment details in Afterpay. A package being delivered back…
Read explanationA wallet purchase funded from several sources needs a refund reconciliation at each payment layer. The merchant may see one wallet payment even though the…
Read explanationBrowse the library
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