Leonardo
Thu Sep 05 2024
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7 answers
1696
Why do banks charge a decline fee?
I've often wondered, why do banks impose a decline fee on transactions that are declined? It seems like an unfair penalty for the consumer, especially when it's not their fault that the payment didn't go through. Could you explain the rationale behind this practice? Are there any ways to avoid or minimize these fees? I'm curious to know if there's a way to protect myself from incurring these unnecessary costs in the future.
