払戻(はらいもど)し

はらいもどし
noun
refund; repayment
formalmoney
See also: 払(はら)い戻(もど)す (verb form)
1. refund; repayment
The return of money paid, such as when canceling a purchase, unused tickets, or overpayment.
切符(きっぷ)の払戻(はらいもど)しを受(う)けた。
I received a refund for the ticket.
払戻(はらいもど)し手数料(てすうりょう)がかかります。
A refund processing fee will be charged.
In case of cancellation, refunds are not available.

Forms

払(はら)い (paying) + 戻(もど)し (returning)

Common collocations

Usage

Commonly used for transportation tickets, event tickets, insurance policies, and financial products. The term is more formal than 「返金(へんきん)」.