How Long Does It Take For Afterpay To Refund?

When organizing finances and planning for future purchases, knowing the time frame for Afterpay refunds is important. This process begins with the merchant, who has to initiate refund processing on their system. The refund will then be reflected in your Afterpay account after the merchant completes this step. In case money is returned to your credit or debit card, it will be sent to that particular card that was used during the first payment.

Depending on your financial institution, it may take up to 10 working days before this money is credited back to your card once a refund has been initiated. However, some financial institutions take only three to five business days to process such refunds. It is, therefore, essential that you check with your bank regarding their specific turnaround times so that they can determine when these funds will become available.

Refund Procedure

Afterpay refunds also follow a certain order. If you have made several payments, the recent ones will be settled by returning them first. If you bought a $400 item in four instalments of $100 each and now decide to return goods worth $250, Afterpay would cancel your third and fourth instalments while adjusting the second one to $50 only. Any excess amount refunded shall be credited to your card.

When undertaking any returns, ensure that you read the refund policy from the seller because it governs how all returns are supposed to go and check if there are any other conditions set forth in order for smooth processing.

A Detailed Guide How To Request A Refund

The video below describes the process of requesting a refund using Afterpay's application.

Here's a text description of the same process:

1. In the Afterpay app, go to the “Orders” tab and select the desired order.

2. Click “Details” and choose “Returning an Order”.

3. Follow the given instructions to request a refund.

4. The merchant now must process your request.

5. After the confirmation, Afterpay will adjust or cancel your payments.

6. The refund might take up to 10 business days.

Before requesting a refund, make sure to keep any tracking numbers or receipts for the product you want to refund.

Afterpay Refunds For Gambling

Many gamblers might be under the impression that Afterpay can be used for gambling transactions. While we understand how cool it would be, this is a complete misconception. Afterpay prohibits the use of their services for gambling activities. 

This can be explained by two reasons:

Therefore, Afterpay does not facilitate gambling transactions to protect customers from possible financial losses and adheres to regulatory standards that encourage sound financial decisions.

To conclude, be careful with your money when playing at online casinos, and remember that gambling cannot be a source of money.

Charles Morey

Author

Charles joined BetPokies as an intern in 2022 after University of Melbourne (Finance), and has been the driving force behind content updates since then, ensuring our readers always see the latest information. He stayed on after his internship to continue his work refreshing our content.

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