In plain English
It marks a payment whose funds did not remain with the recipient. The money from that payment has gone back to the person who paid.
In context
Here, refunded labels the payment entry as one whose money has been returned to the payer.
- Situation
- Reading card, bank, wallet, authorization, decline, pending, and settlement states
- What it communicates
- labels a payment entry with money returned after completion.
Meaning limits
This status alone does not say when the money was returned or why it was returned.
Examples
“One payment was refunded, but the other remained with the seller.”
“The cashier marked the duplicate payment as refunded.”