1. This machine does not support credit cards or banks with credit cards.
2. The issuing bank prohibits such transactions. Please contact customer service for details.
The bank card is frozen.
You can't swipe your card Solution:
1, see if the customer's card is the kind of magnetic stripe chip, or if the card is not upgraded, it can't be swiped. If you can swipe your card, it means it is a card problem.
2. If the merchant is not a credit card special merchant or the credit card accepted by the merchant does not contain the credit card brand, at this time, it is only necessary to use the card acceptable to the merchant to swipe the card or pay in cash;
3. If the magnetic stripe of the card is damaged, the machine cannot read it or the authorization line is abnormal, the merchant can contact the authorization service center of the bank to which the POS machine belongs by telephone to obtain the authorization password;
4. There may be arrears that have not been paid or have exceeded the credit limit, or the validity period of the card has passed, or the card has been reported lost/stopped, and the POS machine cannot accept credit card swiping. Please pay in cash.
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There are two main types of freezing, bank freezing and judicial freezing.
1, bank freeze:
There are two main types of bank freezing:
Banks in some countries and regions do not allow bank accounts to participate in digital asset transactions (for example, the bank's risk control system monitors them because of BTC, ETH, USDT, etc. Note in the transfer process), so when an account involves digital asset transactions, it will be frozen or suspended by the bank.
It is also possible that the behavior of this account triggered the bank's anti-money laundering system (for example, a large amount of money was transferred in the middle of the night, many people were in day trading, and the balance in the card was insufficient for a long time).
Generally speaking, banks will not directly freeze bank cards, but will only restrict your non-counter business or "only accept and not pay", that is, suspend some of your trading rights.
How to deal with this situation:
Contact the bank directly and provide your relevant information according to the requirements of the bank (generally explain the reasons for the exchange of funds).
How to prevent this:
First of all, when dealing with buyers, remind them not to comment on sensitive words, such as USDT and BTC.
Second, don't just use one bank card, you can prepare several more and change them later.
2. Judicial freezing:
According to the judicial procedures of different countries, the logic of judicial freezing is different. But it's all the same.
After the victim was cheated, he reported the case to the police. According to the bank account where the victim's money passed, the police frozen all bank accounts on the relevant fund line. For example, the victim's money was transferred to bank account A, to bank account B, to bank account C, and later extended to D, E and F;
Then it is possible that A, B, C, D, E and F are all frozen, and B, C, D, E and F may not know the source of this fund.
Generally speaking, the freeze will not be frozen immediately after receiving the relevant funds. It may be because the transaction was frozen 1 month ago. But in general, it is because of a transaction that was frozen a few days ago.
How to deal with this situation:
If the bank card is frozen by the judicial authorities, you need to check how long and where it is frozen through the bank or the bank telephone hotline. These two pieces of information are very important and will definitely be displayed in the background of the bank. It is best to get these two pieces of information.
Most judicial freezes are only temporary, just to cooperate with the police investigation, and will be automatically thawed within two or three working days. This kind does not need to be taken care of, and it will automatically thaw when it expires.
But we should also pay attention to transfer the money when it expires, because there may be victims in more than one place in this implicated case, so it may be frozen in more than one place and may be frozen again in the future. In addition, these 48 or 72 hours will not be thawed on time, and some will be delayed for several hours or even half a day.
Second, the display is frozen for half a year. Generally speaking, the funds involved are directly received, or close to the source of the funds involved, and may be frozen for half a year. Of course, due to the different handling methods of judicial organs in different places, some areas are directly frozen for half a year.
How to deal with this situation:
Contact the local police as soon as possible and ask the police to provide information suspected of violating the law. Provide relevant information according to the requirements of local police. Relevant information is usually used to explain why this transfer of funds occurs. Therefore, generally speaking, it contains the order records of OTC transactions within a certain period of time (you can log in to the OTC account of Huobi and click on the order export and print in the upper right corner).
When the above materials are provided to the police, they will give some feedback according to the different handling methods and different cases of local public security systems. For example, some cases can only be unfrozen if they are strictly required to be solved or rejected, some can only freeze the funds involved, and some places can unfreeze them directly.