What are Payment Reversals? Why Do They Happen & How Can Merchants Stop Them?
Fi911
MAY 22, 2024
When a payment reversal occurs, the transaction is effectively undone, meaning that the payee loses the funds that were initially transferred, and the payer regains their money. Non-Delivery of Goods/Services : If the payee fails to deliver the goods or services as agreed, the payer may initiate a reversal. What is a Refund?
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