2. Void
Description: This transaction type will reduce the amount of a previously unsettled transaction.
This allows us to nullify the charge. Typically no fees from processing apply in this situation. This option allows nullify transaction altogether or immediately redo it
NOTE: The Void transaction can be processed only if the customer has completed a Sale Transaction.
Also, This transaction can be completed only if it has not been settled, i.e. Void transaction can be performed only if the customer requests for a refund before the batch settlement.
NOTE:
Refund can be processed only of the customer had paid the amount to the user. Refund transactions are performed only on a sale transaction.
Refund cannot be performed on an already voided transaction
Also, This transaction can be completed only if the transaction has been settled in the bank, i.e, refund transaction can be performed only if the customer requests for a refund after the batch settlement.
Transaction details for the refund transaction can be viewed in this page.
NOTE: Once the batch settlement is processed, settlement status will change to settled

Scenario: Another way to refund
On viewing the transaction details in the reporting page for a specific transaction ID post batch settlement.
Refund option is available as shown below:

1: Authorization and Capture
For a transaction to be completed successfully, user can perform an authorization and a capture on the transaction.
An authorization ensures that customer’s credit account is open, in good standing, and has sufficient funds to complete the submitted transaction.
If the card passes these checks, the issuing bank will place a hold on the funds for the amount of the authorization.
After a successful authorization has been completed, user will be captured and transferred from customers account to users account.
Authorization Only
Authorization only is a type of payment card transaction that holds funds from a cardholder’s account for settlement at a later date . This transaction implies that the funds are not actually deducted from the card holder’s account but are on hold for that transaction.
Note: This transaction freezes the transacted amount and thereby limits the available balance in cardholders account, The transaction will be completed only after its captured and settled from the bank.
Verification
This type of transaction is essentially a $0 transaction.
This is typically processed in a card-not-present scenario, where the User wants to verify the credit card but not actually process an amount at that time.
Often, this transaction method is used to “tokenize” the credit card for later use. A verification transaction enables checking the validity of the credit card number, expiry date, and card security.
However, since no amount is sent, what is not being verified is the cardholder’s available balance.
Steps to perform a Transaction
For a Credit Card Transaction
For a Credit Card Transaction (Manual)
Select credit card option
Enter the card number manually
Choose the expiration date from the drop down
Enter the CVV number
Note: For an existing customer, card details will auto-populate in this section.
Verify the card details
Click on Process Transaction.
After enabling the swipe option, go to virtual terminal and add the following details:-
Enter the card number manually
Choose the Expiration date from the drop down
Enter the CVV number
Click on Swipe option
Note: For an existing Customer, Card details will auto-populate in this section. Please fill in customer details if any details are missing.
Verify the card details
Click on Swipe option
For a Credit Card Transaction (EMV)
Enter the card number manually.
Choose the expiration date from the drop down.
Enter the CVV number.
Click on EMV option.
Note: For an existing Customer, Card details will auto-populate in this section. Please fill in customer details if any details are missing.
Verify the Card details
Click on Swipe Option
For a Credit Card Transaction (Keypad)
Enter the Card Number manually.
Choose the Expiry date from the drop down.
Enter the CVV number.
Click on Keypad option
Note: For an existing Customer, Card details will be auto populated in this section. Please fill in customer details if any detail is missing.
Verify the Card details
Click on Keypad Option
Types of SEC Codes
Note: These SEC codes are prescribed by NACHA. The below table describes them.
SEC Code | Description | Account Types | |
---|---|---|---|
WEB | Internet-Initiated Entry | Single or recurring debits authorized via Internet | Consumer- Savings |
TEL | Telephone-Initiated Entry | Single debits authorized via telephone. | Consumer-Savings and checking |
PPD | Prearranged Payment and Deposit | Prearranged payments and deposits, most often on a recurring basis (payroll, bill payments) | Consumer- Savings and checking |
CCD | Cash Concentration and Disbursement | Credits or debits where funds are distributed or consolidated between corporations. | Corporate-Business checking |
BOC | Back Office Conversion Entry | Allows creation of single debits for a point-of-purchase check during back office conversion. | Consumer-Savings |
ARC | Accounts Receivable Entry | Single debits based on a check received through U.S. mail or Dropbox. | Consumer- S |