diff --git a/resources/views/admin/platform_orders/index.blade.php b/resources/views/admin/platform_orders/index.blade.php
index 938e057..ce27fb9 100644
--- a/resources/views/admin/platform_orders/index.blade.php
+++ b/resources/views/admin/platform_orders/index.blade.php
@@ -1782,12 +1782,15 @@
                     @php
                         $needReconcileFix = (bool) $order->isReconcileMismatch();
                         $needRefundFix = (bool) $order->isRefundInconsistent();
+                        // 退款轨迹：只要存在退款汇总/退款回执，就视为“需核对”的治理信号（用于禁用部分动作并给入口）
+                        $hasRefundTrace = ((float) $order->refundTotal()) > 0;
 
                         // 行级 BMPA 安全阀（列表页也应禁用，避免运营误触）：
                         // - 对账不一致/退款不一致：需先治理
+                        // - 存在退款轨迹：需先核对退款轨迹与状态（避免带退款订单被推进）
                         // - 续费缺订阅：需先绑定订阅
                         $blockedByMissingSubscriptionOnRenewal = ((string) ($order->order_type ?? '') === 'renewal') && ((int) ($order->site_subscription_id ?? 0) <= 0);
-                        $markPaidBlockedByGovernance = $needReconcileFix || $needRefundFix || $blockedByMissingSubscriptionOnRenewal;
+                        $markPaidBlockedByGovernance = $needReconcileFix || $needRefundFix || $hasRefundTrace || $blockedByMissingSubscriptionOnRenewal;
 
                         // 仅当订单尚未处于 paid+activated 时，且未命中治理阻断时，才允许点击
                         $canMarkPaid = ((($order->payment_status !== 'paid') || ($order->status !== 'activated')) && (! $markPaidBlockedByGovernance));
@@ -1796,9 +1799,10 @@
                         $reconcileFixUrlCompact = \App\Support\BackUrl::withBackAndFragment('/admin/platform-orders/' . $order->id, $selfWithoutBack, 'add-payment-receipt');
                         $refundFixUrlCompact = \App\Support\BackUrl::withBackAndFragment('/admin/platform-orders/' . $order->id, $selfWithoutBack, 'add-refund-receipt');
                         $relationFixUrlCompactForBmpa = \App\Support\BackUrl::withBackAndFragment('/admin/platform-orders/' . $order->id, $selfWithoutBack, 'relation-subscription');
+                        $refundTraceFixUrlCompact = \App\Support\BackUrl::withBackAndFragment('/admin/platform-orders/' . $order->id, $selfWithoutBack, 'add-refund-receipt');
                     @endphp
 
-                    @if($needReconcileFix || $needRefundFix || $blockedByMissingSubscriptionOnRenewal)
+                    @if($needReconcileFix || $needRefundFix || $hasRefundTrace || $blockedByMissingSubscriptionOnRenewal)
                         <div class="governance-hints row-warn">
                             @if($needReconcileFix)
                                 <div class="muted text-danger muted-xs governance-hint">
@@ -1814,6 +1818,13 @@
                                     <a class="link" href="{!! $refundFixUrlCompact !!}">去核对退款</a>
                                 </div>
                             @endif
+                            @if($hasRefundTrace && (! $needRefundFix))
+                                <div class="muted text-danger muted-xs governance-hint">
+                                    <span class="row-warn-prefix">退款</span>
+                                    <span class="muted">｜</span>
+                                    <a class="link" href="{!! $refundTraceFixUrlCompact !!}">有退款轨迹，请核对</a>
+                                </div>
+                            @endif
                             @if($blockedByMissingSubscriptionOnRenewal)
                                 <div class="muted text-danger muted-xs governance-hint">
                                     <span class="row-warn-prefix">订阅</span>
diff --git a/tests/Feature/AdminPlatformOrderIndexRowMarkPaidAndActivateButtonShouldDisableWhenRefundTraceExistsTest.php b/tests/Feature/AdminPlatformOrderIndexRowMarkPaidAndActivateButtonShouldDisableWhenRefundTraceExistsTest.php
new file mode 100644
index 0000000..e7271dc
--- /dev/null
+++ b/tests/Feature/AdminPlatformOrderIndexRowMarkPaidAndActivateButtonShouldDisableWhenRefundTraceExistsTest.php
@@ -0,0 +1,81 @@
+<?php
+
+namespace Tests\Feature;
+
+use App\Models\Merchant;
+use App\Models\Plan;
+use App\Models\PlatformOrder;
+use Illuminate\Foundation\Testing\RefreshDatabase;
+use Tests\TestCase;
+
+class AdminPlatformOrderIndexRowMarkPaidAndActivateButtonShouldDisableWhenRefundTraceExistsTest extends TestCase
+{
+    use RefreshDatabase;
+
+    protected function loginAsPlatformAdmin(): void
+    {
+        $this->seed();
+
+        $this->post('/admin/login', [
+            'email' => 'platform.admin@demo.local',
+            'password' => 'Platform@123456',
+        ])->assertRedirect('/admin');
+    }
+
+    public function test_row_mark_paid_and_activate_button_should_be_disabled_when_refund_trace_exists_even_if_not_refund_inconsistent(): void
+    {
+        $this->loginAsPlatformAdmin();
+
+        $merchant = Merchant::query()->firstOrFail();
+        $plan = Plan::query()->create([
+            'code' => 'po_index_row_bmpa_disable_refund_trace_plan',
+            'name' => '平台订单列表行级BMPA禁用（存在退款轨迹）测试套餐',
+            'billing_cycle' => 'monthly',
+            'price' => 30,
+            'list_price' => 30,
+            'status' => 'active',
+            'sort' => 10,
+            'published_at' => now(),
+        ]);
+
+        // 构造：存在退款轨迹（refund_summary.total_amount > 0），但不一定触发 isRefundInconsistent()
+        // 目标：只要存在退款轨迹，BMPA 就应禁用（与后端 safety valve 对齐）。
+        $order = PlatformOrder::query()->create([
+            'merchant_id' => $merchant->id,
+            'plan_id' => $plan->id,
+            'order_no' => 'PO_INDEX_ROW_BMPA_DISABLE_REFUND_TRACE_0001',
+            'order_type' => 'new_purchase',
+            'status' => 'pending',
+            'payment_status' => 'unpaid',
+            'plan_name' => $plan->name,
+            'billing_cycle' => $plan->billing_cycle,
+            'period_months' => 1,
+            'quantity' => 1,
+            'payable_amount' => 30,
+            'paid_amount' => 0,
+            'placed_at' => now(),
+            'meta' => [
+                'refund_summary' => [
+                    'count' => 1,
+                    'total_amount' => 1.00,
+                ],
+            ],
+        ]);
+
+        $this->assertGreaterThan(0, (float) $order->refundTotal());
+        $this->assertFalse($order->isRefundInconsistent(), '此测试要求 refund trace 存在但不强依赖 refund_inconsistent');
+
+        $res = $this->get('/admin/platform-orders');
+        $res->assertOk();
+
+        $html = (string) $res->getContent();
+        $this->assertStringContainsString($order->order_no, $html);
+
+        // 断言：该订单所在行的“标记支付并生效”按钮应被禁用
+        $pattern = '#/admin/platform-orders/' . $order->id . '/mark-paid-and-activate.*?<button[^>]*disabled#s';
+        $this->assertMatchesRegularExpression($pattern, $html);
+
+        // 并且应给出最短治理入口（核对退款轨迹：直达追加退款记录面板）
+        $this->assertStringContainsString('#add-refund-receipt', $html);
+    }
+}