Understanding Bank Reversal Payment: Everything You Need to Know!
What is a Bank Reversal Payment?
A bank reversal payment is a process where a bank or financial institution reverses a payment transaction that has already been authorized by the account holder. The reversal can occur for various reasons, such as fraudulent activity, insufficient funds, or errors in the transaction.
Reasons for a Bank Reversal Payment
Bank reversal payments can happen for several reasons, including: