I made a payment to My Verizon, but it was returned. I'm wondering what consequences I might face due to this returned payment and what steps I should take to resolve the issue.
7 answers
CryptoPioneer
Wed Dec 04 2024
If a check or electronic bank payment made to us is unable to be processed due to insufficient funds or any other reason, a fee will be imposed on your account.
CryptoNinja
Wed Dec 04 2024
This fee is referred to as a returned payment fee, and it is designed to cover the costs associated with handling the returned payment.
Paolo
Wed Dec 04 2024
The amount of the returned payment fee will vary, but it will not exceed $31.
Michele
Wed Dec 04 2024
In some cases, the law may dictate a maximum allowable fee for returned payments.
Martino
Wed Dec 04 2024
If the maximum allowable fee by law is less than $30, the fee charged to your account will be the lower of the two amounts.