Velocity limits in payments for dummies
Explained to kids Imagine you’re at the corner bakery. Every Saturday, you buy one croissant. But this week, someone walks in, says your name, and tries to buy 25 [...]
Verification of Payee (VoP) for dummies
Explained to kids You want to send your friend Luca €100 for concert tickets. You type "Luca P." and his IBAN. But wait — what if it's the wrong [...]
Chargeback for dummies
A chargeback is the process by which a customer disputes a transaction and requests a refund through their credit or debit card issuer. The funds are then temporarily removed [...]
Void Transaction for dummies
A void transaction occurs when a merchant cancels a credit or debit card transaction before it is fully processed by the payment network. This means that no money is [...]
