refund processing
[rɪˈfʌnd ˈprɑːsɛsɪŋ]
nounpl: refund processings
processamento de reembolso
1. The administrative and financial procedures involved in returning money to a customer after a purchase has been cancelled, returned, or deemed defective
The refund processing typically takes 5-7 business days after approval.
O processamento de reembolso normalmente leva 5-7 dias úteis após aprovação.
2. The workflow and system used by businesses to handle customer refund requests from initiation through completion
Our company streamlined refund processing to improve customer satisfaction.
Nossa empresa simplificou o processamento de reembolso para melhorar a satisfação do cliente.
3. The act of verifying, authorizing, and executing the return of funds to a customer's original payment method
Refund processing requires verification of the original receipt and reason for return.
O processamento de reembolso requer verificação do recibo original e motivo da devolução.
In Brazil, refund processing is heavily regulated by consumer protection laws (Código de Defesa do Consumidor), and companies must comply with strict timelines. In the USA, refund processing times vary by retailer and payment method, but federal regulations protect consumers in specific industries. The term is commonly used in e-commerce, retail, and customer service contexts in both countries.
Related Idioms & Phrases
speed up refund processing
expedite a refund
refund processing timeline
refund processing department
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