notifies us of each failed payment and also lets us know when a founder has defaulted on their plan. After the first failed payment, will attempt to charge you two more times, two days apart. If those two attempts are unsuccessful, your plan will be marked as defaulted. 

Defaulted payment plans result in being dropped from the program. If you want to remain in the program, a payment plan reopen email can be sent to you and you will be required to make a payment as well as sign an updated contract.