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This article is intended for transactions created through Braintree’s gateway. Functionality is currently available only in US and Australia for select merchants. |
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Visa, MasterCard, and Discover have released a new scheme mandate known as Refund Authorization (also knowns as Purchase Return Authorization or Credit Authorization). In simple terms, the mandate requires all refunds to first be authorized with the card-issuing bank, just like sale transactions must be authorized. The authorization process allows the customer’s bank to determine if the refund will be approved or processor declined before moving funds. This mandate is an industry-wide change that applies to all processors and merchants that accept Visa, MasterCard, or Discover cards, and is not just limited to Braintree merchants.
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