Can a refund be issued to a Cancelled credit card?

Refunds must go back to the card used for the original transaction. You cannot refund to a different credit card. Rarely, a closed account is no longer active and the credit card company cannot accept merchant refunds.

Will I still get a refund if my card has changed?

If your credit card or debit card number has changed, but is for the same account used at the time of purchase (e.g., a new card has been issued for the same account), the refund will be processed to that account.

What happens if you get a refund on an expired credit card?

Most of the time, the card issuing bank will allow the refund to process and accept the funds. Refund is issued to an invalid/expired credit card: If your customer has the same card issuer and bank account, then funds will be successfully credited to that account.

What happens if a refund goes to an old card?

The refund will be applied automatically to the new card number. The bank will reject the refund to the outdated card, and the funds will be returned to our payments processor.

What happens if a refund is sent to an expired card?

If the refund was already sent to an expired card, one of three things will have happened: The bank will realize that the card number is no longer valid, but will see the account it’s tied to, at which point the refund should be transferred to the new card number/account automatically.

What happens if a refund is sent to an old card?

Refunds are issued onto the card they were taken from. If your card has expired or been cancelled, then the transaction will be handled by your card issuer and automatically credited to your replacement card.

What happens if a refund goes to a closed account?

If the account is closed, the bank will reject the refund. Once we receive the refund back from the bank, the Comptroller’s Office will issue a paper check and mail it to you.

How do I get my money back from a closed account?

Refund is issued to a closed bank account: If your customer’s bank account is closed, the funds will stay in a limbo, waiting to be paid at the bank level. Your customer must contact their issuing bank to arrange an alternative method to receive funds via check, cash, etc.

What happens if I get a refund on an old card?

What happens if your refund goes to a closed account?

Can a refund be given to a cancelled debit card?

Hi a refund always goes back to the card that funded it. As long as that debit card was linked at one time to your bank account then the payment will go back there. Paypal sometimes call debit and credit cards all “credit cards” which is confusing but its ok your payment will go back to your bank account. Advice is VOLUNTARILY given.

Can you get a refund on a credit card?

If you’d rather have cash in your pocket right away or a credit to a different card, you might be wondering if you can have a credit card refund returned to you in another manner. Unfortunately, because of the way credit card transactions work, it’s unlikely that the merchant will refund you in any way other than the original payment method.

Can a PayPal refund go back to your bank account?

As long as that debit card was linked at one time to your bank account then the payment will go back there. Paypal sometimes call debit and credit cards all “credit cards” which is confusing but its ok your payment will go back to your bank account.

What happens to my credit card when I return a purchase?

Here’s the quick version of what happens with your credit card when you make a return: The retailer issues a refund to your credit card account. A credit for the refunded purchase will appear in your credit card transactions, usually up to one week later. Cash back or points earned on the purchase are reversed.