The 24-hour cooling-off period is an important consumer protection mechanism in digital payments. This feature allows users to review and potentially reverse recent transactions within a structured timeframe. It provides a safety net against accidental or unauthorized financial transfers. During this period, individuals can carefully examine transaction details, challenge suspicious payments, and request cancellations with minimal administrative complications.
The system gives users additional time to verify transaction authenticity. This approach builds trust in digital payment platforms by offering users greater control and flexibility in managing their financial interactions.
