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What happens if I do not have enough balance to cover refunds?

If the merchant doesn’t have a positive balance in the booking currency in Payyo, the refund will remain in the status “waiting for approval”.

The following possibilities can happen:

  • The merchant sends money via an inpayment link to Payyo and the amount is added to the balance of the merchant account. From that moment, refunds can be processed again.
  • The merchant receives again enough new bookings that increase his account balance in Payyo. These funds are used to process any pending refunds.
  • The merchant rejects refunds manually after checking with their Terms of Service and communicating with the customer for cancellation reasons.
  • After 30 days without enough positive balance, refunds get automatically rejected by the system.
Updated on February 17, 2021

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