Lower Rejection Cost [Payment Center]

Effective today, we've lowered the cost of another bank rejections type for users that close their bank account, but do not properly update their Payment Center account to reflect this. Naturally, if a bank account has been closed, any transactions issued to that account will be rejected. Previously, the fee for such rejections was $15. Effective today, the fee will be reduced down to $5 for this rejection scenario. This adjustment applies only to bank response code:

  • R02 – Account Closed

For full up-to-date pricing information on the Horizon Payment Center, including other bank rejection types not referenced in this post, you may visit our Pricing Page here.