1 Reasons from the card issuing bank

Sometimes a card chargeback occurs because the card issuing bank refuses the transaction. The cardholder needs to contact the card-issuing bank to find out the specific reasons why the card-issuing bank of the consumer's card refuses the transaction.

2 There is a problem with the credit card itself

For example, the credit card balance is insufficient, the amount of credit card swiped exceeds the single/daily/monthly payment limit, the credit card is suspended, etc. At this time, payment using a problematic credit card will also result in a chargeback.

3 There is a risk of credit card fraud

Cross-border transactions are likely to involve credit card fraud, especially when the cardholder’s transactions in the recent period are all in China, and then suddenly occur When making a cross-border transaction, the bank will suspect that the card has been stolen overseas and refuse to pay. If the IP that the consumer pays comes from an area classified as high-risk by international credit card organizations, the system is likely to rate the transaction as a high-risk transaction and refuse to charge.

4 Network or equipment failure

There are also cases where payment is refused due to objective reasons, such as network problems when paying online, card equipment failure when swiping cards offline, etc. wait.

5 Transactions Suspected of Cashing Out

There are cashing out cases such as several large integer transactions being made continuously on the same POS machine, repeated payments from the same IP through the online payment platform multiple times in a short period of time, etc. , If money laundering is suspected, the system will reject the payment.

I Love Card Reminder

Use credit cards appropriately and do not engage in illegal cash-out and other activities. You can frequently swipe your card to form a good card usage record, which will also help increase your credit card limit. Don’t use credit cards without using them or occasionally max them out at once. Use cards with caution in areas with a high risk of credit card theft.

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