Equip yourself with the ability to refund customers who make payments in cryptocurrencies. It's fast, versatile, and hassle-free - just like it's supposed to be.
Issue a refund in a matter of minutes directly from the GUI, or connect to the API endpoint and do it your way.
Send your customers their money back in any currency they want using currencies you have in your balance.
Discover benefits of refunding cryptocurrency payments from the same system that collects them.
| FEE TYPE | FEE |
|---|---|
| Refund Issuance Fee: | 0,25 EUR per issued refund |
| Conversion Fee: | 0.1% from converted amount |
*Applied only when a refunded currency differs from a currency used to issue a refund.
Fill out the form below to contact an Account Manager if you have any questions or need assistance with Lumen products.
A merchant refund at Lumen is a feature that allows you to return cryptocurrency payments to your customers. This can be done for various reasons such as order cancellations, returns, or payment errors.
Using cryptocurrency refunds provides several benefits: it maintains customer trust, complies with consumer protection laws, handles payment errors gracefully, and offers a seamless experience for both merchants and customers in the crypto ecosystem.
Refunds work by transferring the cryptocurrency back to the customer's wallet address. You can issue refunds through your Lumen dashboard or via API, and the system handles the blockchain transaction automatically.
The refund form is available in your Lumen merchant dashboard under the "Transactions" section. You can also access it via our API for automated refund processing.
To issue a refund, you need: a verified Lumen merchant account, sufficient balance in your account, the original transaction details, and the customer's wallet address where the refund should be sent.
Customers don't need to take any action to receive a refund. The cryptocurrency will be automatically sent to their original wallet address. They just need to wait for the blockchain confirmation.
The refund amount is calculated based on the original payment amount. You can choose to refund the full amount or a partial amount. The system will automatically handle the conversion if refunding in a different currency.
Yes, Lumen supports both full and partial refunds. You can specify any amount up to the original payment amount when processing a refund through your dashboard or API.