👉 Refunding is a process in which a company returns an item or service that was purchased from them, often with the aim of reducing their expenses. This might be due to a sale, a purchase, or any other reason. The goal is typically to reduce costs and increase profitability. Refunds are usually made as part of a customer's return policy, but they can also be requested directly by the customer if they prefer to pay for the item in full. Refunding can take various forms depending on
