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-rw-r--r--taler-merchant-manual.rst3
1 files changed, 2 insertions, 1 deletions
diff --git a/taler-merchant-manual.rst b/taler-merchant-manual.rst
index a4f70ae..392b303 100644
--- a/taler-merchant-manual.rst
+++ b/taler-merchant-manual.rst
@@ -188,7 +188,8 @@ allowing the stock to be sold in other orders.
Once a contract has been paid, the merchant should fulfill the contract. It
is possible for the merchant to *refund* a contract order, for example if the
-contract cannot be fulfilled after all. Refunds are only possible until the
+contract cannot be fulfilled after all. Refunds are only possible after the
+customer paid and before the
exchange has *wired* the payment to the merchant. Once the funds have been
wired, refunds are no longer allowed by the Taler exchange. The *wire
deadline* specifies the latest time by which an exchange must wire the funds,