Johny Fernandez: So what does it mean that merchant R08?
Sean Murray: If a merchant has R08, so, this term comes from
ACH processing, R08 or R08 is a return code from ACH processing
that indicates that the merchant blocked or stopped the payment.
So if you go to debit a merchant, and you don't actually
get the money, you will get a return code saying here's why
you didn't get it. It was R08, the merchant actually told the
bank to block or stop the payment to you. And so I think,
you know, the lingo of the day is the merchant R08 is because
they got a return code of R08, meaning that the merchant
blocked the payment.