WordPress > Woo Order > Settings > Other functions
This page help you organize order and payments. You can move order to this page, and refund at the moment when you want return money back to customer. Later with one click change order status.
Turning it on will add a refund page in woo-order and also new order statuses, namely “Payment refunded” and “Waiting for refund”. This will allow you to more easily manage the orders you plan to refund and those you have already refunded.