Cryptocurrency Q&A
What is a payment dishonour fee?
What is a payment dishonour fee?
CryptoLord
Mon Sep 09 2024
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5 answers
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Could you please explain what a payment dishonour fee is? I'm not entirely familiar with the term and would appreciate a clear and concise definition. Is it a fee that is charged when a payment is not processed or accepted for some reason? If so, what are the common reasons for a payment to be dishonoured, and how much can these fees typically cost? Additionally, are there any steps that can be taken to avoid incurring such fees in the future?
5 answers
mia_rose_painter
Wed Sep 11 2024
Payment Dishonor Fee is a charge imposed on Corporate Cardholders in the event of a failed payment transaction.
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Dario
Tue Sep 10 2024
BTCC, as a leading cryptocurrency exchange, offers a range of services to its customers. These services include spot trading, futures trading, and a secure wallet solution.
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amelia_doe_explorer
Tue Sep 10 2024
In such cases, the Cardholder is responsible for a fee equivalent to 2% of the Payment Amount.
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BlockchainBaron
Tue Sep 10 2024
However, there is a minimum charge of Rs 450 that applies regardless of the Payment Amount.
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Elena
Tue Sep 10 2024
This fee is designed to cover the costs associated with processing and handling the failed payment.
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