diff --git a/payment/src/main/java/com/ning/billing/payment/api/DefaultPayment.java b/payment/src/main/java/com/ning/billing/payment/api/DefaultPayment.java
index 23a067b..b47865b 100644
--- a/payment/src/main/java/com/ning/billing/payment/api/DefaultPayment.java
+++ b/payment/src/main/java/com/ning/billing/payment/api/DefaultPayment.java
@@ -158,7 +158,7 @@ public class DefaultPayment extends EntityBase implements Payment {
BigDecimal result = amount;
for (RefundModelDao cur : refunds) {
- if (cur.getRefundStatus() != RefundStatus.CREATED) {
+ if (cur.getRefundStatus() == RefundStatus.COMPLETED) {
result = result.subtract(cur.getAmount());
}
}