Refund time depends on the transaction type on the third-party platform, generally falling into two categories:
Standard payment transactions (most online payment scenarios)
• The third-party platform will first authorize the transaction and then initiate formal settlement within 7 days.
• If the platform does not initiate settlement, the system will complete reconciliation within 7–10 days and automatically return the frozen amount to your PayMight card.
Pre-authorization Transactions (Common in industries such as hotels and car rentals)
• Pre-authorization involves a longer period of fund holding; merchants typically complete settlement or release the authorization within a maximum of 30 days.
• Once the merchant releases the authorization, the funds will automatically be returned to your card.
Note: Whether the refund is credited depends on the merchant's settlement or authorization release time. PayMight will credit your account immediately upon receiving the official refund instruction.