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What happens if your online payment fails?

Declined payments cost companies a staggering amount of money every year, and can significantly damage business reputation. In fact, research shows that 62% of customers who experience payment failures during an online payment process will not return to the website to try again.

Are ransomware payments down?

As additional evidence, blockchain data platform Chainalysis told WSJ that ransomware payments that it tracked in 2022 fell by 40 percent to $457 million. The figure was initially disclosed in a recent blog post by the company. “The trend is clear: Ransomware payments are significantly down,” Chainalysis said in the post.

How much did cash payments decline in 2020?

Cash payments declined by 16 percent globally in 2020, performing in line with the projections we made last fall for most large countries (Brazil 26 percent decline, United States 24 percent decline, United Kingdom 8 percent decline).

Can I reduce the penalty if I set up a payment plan?

You may reduce future penalties and interest when you set up a payment plan. We may be able to remove or reduce the penalty if you acted in good faith and can show reasonable cause. If you have reasonable cause, respond to Notice 972CG within 45 days (60 days if you're a foreign filer) before we assess the penalty.

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