What happens when you get a refund?
What happens when you get a refund? The merchant refunds the purchase amount back to your credit card issuer, and the card issuer then credits your account for the returned amount, removing it from your statement balance.
What happens when money is refunded?
The merchant will refund the purchase back to the credit card company, not you (this is called a chargeback). Your credit card issuer will then credit your account for the returned amount.