Handling Payment Refunds

Introduction

Sometimes, there can be disputes between customers and business owners, necessitating refunds. The following are some of the reasons to refund payments:

• Cancellation or return of goods/services

• Billing errors

• Customer dissatisfaction

• Fraud prevention

• Promotional or loyalty programs

• Legal or regulatory requirements

• Accidental payments

• Warranty claims

• Disputed charges

To cope with these disputes, Stripe provides the functionality to refund payments. By going through the following steps, we can implement a refund in Stripe:

Step 1: Import the required Stripe libraries

To refund a payment, Stripe provides one library: Stripe\Price.

Step 2: Refund payments using Stripe

As shown in the code snippet below, we configure a charge, then we use its product ID to refund the payment.