Refunded payments

Hi so my question is. If you refund a payment to the customer, does square refund processing fees and the loan repayment fee?

 

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Square Champion

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Hello @Bossmann ! Welcome to the Seller Community!

 

When you do a refund, your loan repayment is refunded as well, yes. However, processing fees are not refunded. This is the standard with pretty much every merchant processor out there anymore.

 

Hope this helps!

Ryan Wanner
Golden Pine Coffee Roasters
Colorado Springs, CO, USA

Square Champion: I know stuff.
Beta Tester: I break stuff.
he/him/hey you/coffee guy/whatever.

Happy Selling!

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Square Champion

Solution

Hello @Bossmann ! Welcome to the Seller Community!

 

When you do a refund, your loan repayment is refunded as well, yes. However, processing fees are not refunded. This is the standard with pretty much every merchant processor out there anymore.

 

Hope this helps!

Ryan Wanner
Golden Pine Coffee Roasters
Colorado Springs, CO, USA

Square Champion: I know stuff.
Beta Tester: I break stuff.
he/him/hey you/coffee guy/whatever.

Happy Selling!
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