Canceling an authorized transaction before it settles, so no money moves. A void is cleaner than a refund because it happens before funding.
Why it matters for your business
Terms like Void aren't just jargon — they sit behind what you actually pay to accept payments. Understanding them is the difference between reading your statement and being at the mercy of it. If you're not sure how this shows up in your own costs, the fastest way to find out is to have someone read your statement line by line.
See what you're really paying →Related — Processing & Technology