A
"payment exception" refers to a situation where there is an issue or problem with a payment. It could be a failed transaction, an error in the payment process, or a dispute over the amount or details of the payment.
Full definition
For any refunds
of payment exceptions that occur after the 30 - day window, the locked exchange rate is used to determine the amount of cryptocurrency that will be refunded.
Any refunds
of payment exceptions that happen prior to this 30 - day window will be refunded in the exact amount of cryptocurrency originally received.
The amendments now in force, including the soon - to - be eliminated
facilitation payments exception, reinforce a strong message from the Canadian government that it is «redoubling» its efforts to curb any existing foreign corrupt practices of Canadian businesses.
The Client Operations team doesn't just
handle payment exceptions (refunds, underpayments, etc.); they also help merchants understand how to profitably and efficiently integrate BitPay into their existing business processes.
Washington, DC, Government Investigations & White Collar Defense associate Emily Harlan and Boston partner and deputy leader of the Government Investigations & White Collar Defense practice Danielle Pelot coauthored this article focusing on what companies doing business in foreign countries need to know about the Foreign Corrupt Practices Act's
facilitating payments exception.
BitPay allows Newegg to both accept payments in the dominant cryptocurrency as well as process refunds and
payment exceptions via «the most powerful bitcoin API in the industry.»
«With BitPay's platform, Newegg accepts bitcoin payments and also handles refunds and
payment exceptions with the most powerful bitcoin API in the industry.
Conservatively,
the payment exception reductions would have prevented payment errors in the thousands, not tens of thousands.