What does it mean when your TXN is declined?
I'm curious, can you explain to me in simple terms what exactly it means when a TXN, or transaction, is declined in the world of cryptocurrency and finance? I've heard about it happening but I'm not entirely sure of the reasons behind it or the potential implications it may have for users. Can you elaborate on the possible scenarios and factors that could lead to a transaction being declined, and how users can go about addressing the issue if it occurs?
What are dishonored payments?
Could you please explain what are dishonored payments in the context of finance and banking? I understand it has something to do with checks and other forms of payment, but I'm not entirely clear on the specifics. Are there any scenarios where a payment can be dishonored, and what are the consequences for the payee and the payer in such cases? Additionally, are there any steps that can be taken to prevent or minimize the risk of dishonored payments?