![Void Transaction](https://img-cdn.financeunlocked.com/headers-images/financeunlocked/1.jpg?ik-sdk-version=javascript-1.0.3)
Void Transaction
A void financial transaction is one that has been voided or cancelled by a bank or retailer before it has been processed and payment taken or logged in a payment system. Once it has been processed or logged, it cannot be voided; a reverse additional transaction has to take place.