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ATM Transaction Types

Void Transaction

Void transaction is the transaction which is initiated by the merchant, when he realized that by mistake he entered wrong amount . To correct the mistake or wrong entry merchant will re-execute the transaction and send the void transaction request to the bank.

Note :  Difference between the refund and void . In void customer account will be reversed before settle the amount to merchant. In refund amount will be debited from merchant and credited to the customer accounts

 

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