Rock Paper Coin offers easy refunds! There are 2 types of refunds and both options allow for a full or partial refund.
Refund video tutorial below!
Online refunds (payments made via credit card or ACH)
Navigate to the invoice you need to issue a refund on and select the appropriate payment. Click the 3-dot icon to the right of the "Paid" button:
Click "Refund payment" and enter the desired amount to be refunded (it can be anywhere between $1 up to the total installment amount). Leave a note for reference, if you would like.
Click the green "Refund" button.
To refund a full invoice, click on each payment and refund individually.
Please note, there is no fee to issue a refund, however the processing fee from the original charge is not returned by our payment processor, Stripe.
Offline refunds (such as check or cash)
Offline refunds can be recorded in your account but you will need to handle the refund with the offline payment method used. Click the same 3-dot icon and enter the information in the modal.
What happens with the processing fees when I issue a refund?
Refund processing fees are absorbed by RPC. Note, when a credit card payment is used, the client processing fee is not returned.
How Refunds Work
Business ABC charges a client a $1,000 retainer for their services.
The client pays $1,000 via Rock Paper Coin
The client is charged $1,000
Business ABC received $975 (minus the 2.5% processing fee)
Business ABC initiates a full refund
The client is refunded $1,000
Rock Paper Coin withdrawals $975 from Business ABC
Processing time for refunds
Refunds follow the same timing as payments. Most refunds are processed within 2-3 business days.