"Automatic refunds" means that the process of returning money to someone is done automatically and without requiring any action or request from the person who originally paid. Full definition
You will automatically receive one free Overdraft or Returned Item forgiveness every 12 months from the date of the last automatic refund. (fnbodirect.com)
As part of a rollout from Blockchain startup Etherisc, those flying to Mexico can get automatic refunds for delayed (dailybitcoinnews.com)
This was done because there are a handful of small startups on Amazons radar that processes automatic refunds when the price dropped. (goodereader.com)