![]() So What Does That Have To Do With Central Banks?Ĭentral banks are supposed to have two core components to them - independence and predictability. ![]() There is academic study after academic study that shows how humans are experts at poor judgement. We know that human decision-making is flawed. In fact, I would argue that the world would be better off if humans weren’t in charge of making these decisions at all. The elites who make up the minority don’t have to be the ones to make the decisions. (here is a 2016 FOMC meeting as an example) There are other people in the room during the meetings, but ultimately 12 people are deciding what will happen to trillions of dollars in assets and billions of people. The financial world, and various related aspects of society, all patiently wait for the decisions of a small group of 12 people who emerge from the FOMC meetings. Some analysts even spend time trying to measure correlations between the length of press conferences and future interest rate decisions. Investing forums and Twitter users are speculating on the color of the Fed Chairman’s tie or whether he uses the word “dovish” or not. Every mainstream media outlet is talking about the various scenarios. It is easy to get lost in the day-to-day drama of what the central banks are going to do. Ultimate Resource On Stablecoins (#GotBitcoin) Ultimate Resource On Central Bank Digital Currencies (#GotBitcoin)īitcoin: The Central Banker’s Central BankĮveryone from investors to business owners to retirees are trying to figure out what the central banks will do with interest rates and asset purchases, so they can better prepare their portfolios for the future. There has been immense scrutiny on the Federal Reserve and central banks around the world over the last 18 months. You will then need to arrange an alternative way of providing your customer with a refund.Ultimate Resource On Central Bank Digital Currencies (#GotBitcoin)Įight out of 10 central banks surveyed says it is likely to roll out digital currencies within three years. In the rare instance that a refund fails, the Refund object’s status transitions to failed and Stripe returns the amount to your Stripe balance. When a refund succeeds, the Refund object’s status transitions to succeeded. Stripe notifies you of the final refund status using the webhook event. Refunds for WeChat Pay payments are asynchronous. After 180 days, it is no longer possible to refund the charge. Payments made with WeChat Pay can only be submitted for refund within 180 days from the date of the original charge. Therefore, there is no dispute process that can result in a chargeback and funds being withdrawn from your Stripe account. WeChat payments have a low risk of fraud or unrecognized payments because the customer must authenticate the payment via the WeChat Pay app. If your integration requires manually listing payment methods, learn how to manually configure WeChat Pay as a payment. The following Stripe products also support adding WeChat Pay from the Dashboard: ![]() Learn how to accept WeChat Pay and other payment methods automatically with Checkout and Payment Element. ![]() Stripe determines the list of supported payment methods to show each customer by evaluating the currency, payment method restrictions, and other parameters. You can add WeChat Pay and other payment methods from the Stripe Dashboard without changing your code. Partial (request an invite to create charges on behalf of other accounts) Chinese consumers, overseas Chinese, and Chinese travelersĬNY, AUD, CAD, EUR, GBP, HKD, JPY, SGD, USD, DKK, NOK, SEK, CHF (depending on business location)
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