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miranda1
Level 1

If a credit card payment is entered for the wrong amount then refunded immediately, is the amount held for 48 hour before being refunded to credit card account?

 
1 Comment 1
Alessandra_B
QuickBooks Team

If a credit card payment is entered for the wrong amount then refunded immediately, is the amount held for 48 hour before being refunded to credit card account?

Thank you for posting here in the Community, @miranda1!

 

The processing time of credit card refunds depends on their amounts. Let's discuss them a little further so you'll know when they'll get deposited.

 

If the transaction is under $500, it will be posted within 2 to 3 business days.

 

And if the transaction is $500 or more, it will take 7 to 10 business days for it to be posted.

 

Feel free to read this article for more information on refunds: How to Void a Credit Card Payment or Process a Credit Card Refund?

 

If you have other concerns, leave a comment below of post again. I'll be happy to assist you.

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