Cryptocurrency Q&A
What is a dishonour transaction?
What is a dishonour transaction?
HanRiverVisionaryWave
Fri Sep 06 2024
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7 answers
1195
I don't understand this question. Could you please assist me in answering it?
7 answers
Davide
Sat Sep 07 2024
Dishonor of a payment is a term used in financial transactions to describe a situation where a payment cannot be fulfilled.
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BusanBeauty
Sat Sep 07 2024
For the payer, it can result in penalties, fees, and damage to their credit score.
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SumoMighty
Sat Sep 07 2024
This typically occurs when the payer does not have sufficient funds in their account to cover the payment amount.
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Caterina
Sat Sep 07 2024
For the payee, it can lead to delays in receiving payment and potential financial losses.
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HanjiArtistry
Sat Sep 07 2024
Alternatively, it may also happen if the payer chooses to refuse to make the payment, despite having the obligation to do so.
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