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For payment processors Stripe, Vantiv (formerly Litle), Paypal or SagePay, you can use myLab to issue a refund for an order paid by credit card.  Find the order (Orders > search or track) and click Issue Refund.

NOTE: If you use Authorize.net you will need to log into their admin site in order to process a refund.  We will be adding Authorize.net refund functionality to myLab in early 2015.