What is an Apsn refund?

Essentially, the APSN fee penalizes customers for having had sufficient funds at the time of transaction authorization but not at the time of settlement, due to intervening transactions.

The APSN fee, commonly referred to as Authorize Positive, Settle Negative, is a unique charge that arises in the financial industry. This fee occurs in specific scenarios involving debit card or ATM transactions.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of its clients. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at the current market price, and futures trading, which enables investors to speculate on the future price movements of digital assets.

The initial step of the transaction involves authorizing the debit or withdrawal using the card or ATM machine. At this point, if there is sufficient money in the account to cover the amount being debited, the transaction is approved.

However, the actual settlement of the transaction, which is the posting of the amount to the account, occurs at a later time. It is during this settlement phase that the potential for the APSN fee to arise emerges.