What is a “Rejected settlement” represent in Finix. Can you give the cases where a settlement can be refused?
If a Settlement is rejected via the Review Queue it will sit there. Normally, customers will remove transactions and refund them, but there’s no programmatic action taken when a settlement is rejected.
If a Settlement was rejected Day 1, what will happen Day 2?
The failed settlement will sit in the Review Queue indefinitely. The money will be in the FBO account. It will be your responsibility to do any further actions.