Hi @str_dsgn,

As of this time, the option to automatically reverse a failed sales receipt payment isn't available.

In the meantime, you can manually void each failed payment.

Here's an article you can read to learn more about voiding a payment: Void or Refund Transactions in QuickBooks Payments.

I suggest sharing this great input to our product developers through feedback. Messages will be considered for future update and will help them make sure you'll get the best out of QuickBooks. Just click the Gear icon and choose Feedback.

Please know that I'll be always around here in the Community to help you if you have any other questions.