Overpayment

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Money received from a credit buyer that exceeds the amount due. Unless the payment is for a continuous service that can be extended, such as a newspaper subscription, the amount of the overpayment must be refunded or must be credited to the buyer's account to be applied against future purchases.

Money received from a credit buyer that exceeds the amount due. Unless the payment is for a continuous service that can be extended, such as a newspaper subscription, the amount of the overpayment must be refunded or must be credited to the buyer’s account to be applied against future purchases.

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