Quote:
Originally posted by juice
Yeah, I have had Refunds ,Chargebacks.. but WTF is Revokes ?? (ibill)
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As I understand it, a revoke is what is considered a cancellation of a transaction before any money has even changed hands. It's kind of like signing a contract, setting it down on the table, then tearing it up because you changed your mind (before the other person got a hold of it). There should be no need of a refund nor any possibility of a chargeback to take place since the transaction did not technically occur. Now, I may be mistaken, but this is how it was explained to me in the past.