diff --git a/src/services/admin/refund-failed-session.js b/src/services/admin/refund-failed-session.js
index eeb26d3..4243ac4 100644
--- a/src/services/admin/refund-failed-session.js
+++ b/src/services/admin/refund-failed-session.js
@@ -88,9 +88,8 @@ export async function refundFailedSession(req, res) {
 
     const wallet = new ethers.Wallet(process.env.PAYMENTS_PRIVATE_KEY, provider);
 
-    // Refund 69.1% of the transaction amount. This approximates the mint cost to
-    // a fraction of a cent.
-    const refundAmount = tx.value.mul(691).div(1000);
+    // Refund 50% of the transaction amount. This approximates the mint cost.
+    const refundAmount = tx.value.mul(5).div(10);
 
     // Ensure wallet has enough funds to refund
     const balance = await wallet.getBalance();
diff --git a/src/utils/transactions.js b/src/utils/transactions.js
index ed02097..ba821b1 100644
--- a/src/utils/transactions.js
+++ b/src/utils/transactions.js
@@ -146,9 +146,8 @@ async function refundMintFeeOnChain(session, to) {
 
   const wallet = new ethers.Wallet(process.env.PAYMENTS_PRIVATE_KEY, provider);
 
-  // Refund 69.1% of the transaction amount. This approximates the mint cost to
-  // a fraction of a cent.
-  const refundAmount = tx.value.mul(691).div(1000);
+  // Refund 50% of the transaction amount. This approximates the mint cost.
+  const refundAmount = tx.value.mul(5).div(10);
 
   // Ensure wallet has enough funds to refund
   const balance = await wallet.getBalance();