what is the failure of credit card payment? Payment failure may be these reasons

Many friends choose to pay by credit card when shopping, but some friends report that they sometimes fail when spending credit cards. So what is the failure of credit card payment? Summarized some reasons for everyone, and then let's take a look together.

1. Online payment is not enabled

If the card is swiped for the first time and then fails, it may be because the online payment function is not enabled that the payment fails.

2. Network problems

When paying by credit card, the system failed to receive the payment application in time due to the unstable network or repeatedly refreshed the page for the above reasons, which led to the submission of the payment application for many times, and finally caused the payment failure.

3. The transaction is not authorized

If the card used for consumption is a 3D card, the 3D code must be filled in during the payment process. If it is not filled in, the system will judge that the transaction is not authorized and refuse to deduct money.

another possibility is that the credit card issuer did not authorize the transaction.

4. The single payment limit is too high

The payment amount of a single consumption exceeds the maximum single payment amount of a credit card or the maximum single collection amount set by the system.

5. IP or address

Use the same IP for payment many times in a short period of time, or pay at a high-risk address determined by the system. The former system will determine that these transactions may be suspected of other illegal acts such as cashing in, cashing out, and so on, and the payment will fail.

in the latter case, if the consumption area is listed as a high-risk address by international credit card organizations, the system will judge that it may be a high-risk transaction, and the payment will also fail.

6. There are bad records in the credit card

The credit card used by the consumer has other bad transaction records, such as refusing to pay, and the system will also refuse to deduct money, resulting in the failure of payment.

The above is the question "What is the failure of credit card payment? The content of "unable to pay may be these reasons" is introduced, especially the bad record of credit cards, which is completely avoidable in life, and the address of consumption should also be paid attention to.

What are the reasons for the sudden failure of the credit card transaction?

First, the overdue repayment is frozen

If the cardholder is often overdue and fails to pay off the bill for a long time, the credit card application platform will freeze the credit card in order to control the risk. At this point, the cardholder will show that the transaction failed when using the card for consumption. If you want to resume normal use, you need to pay off the arrears and then apply to the issuing bank for unfreezing the card.

Second, there is a risk of card theft

The failure of credit card transaction may also be caused by abnormal consumption. It may be that the bank detects that the user's card is at risk of being stolen. At this time, the cardholder's credit card will be frozen to avoid losses. Faced with this situation, if it is the cardholder's own consumption, it is necessary to explain the situation to the bank in time, and if it is stolen by others, it is necessary to call the police in time.

Third, the transaction password is entered incorrectly

You know, if the transaction password of a credit card is entered incorrectly for more than three times, the card will be automatically locked. In this case, the consumption is definitely abnormal. If you want to return to normal, then the cardholder needs to bring his ID card to the issuing bank to change the password, and then it can be used normally.

4. degaussing the card

The use of credit cards depends on the magnetic stripe on the card. If the magnetic stripe is damaged and degaussed, the credit card can no longer be used normally. At this time, you need to contact the issuing bank in time to update the card before using it.

Credit card is a non-cash transaction payment method, which is a micro-credit payment tool provided by banks to users. Credit cards can be divided into the following types according to four dimensions:

1. According to whether they have the function of consumer credit, they can be divided into credit cards and debit cards;

2. According to whether the reserve fund is paid or not, it can be divided into: credit card and quasi-credit card;

3. According to the objects used, it can be divided into: personal card and company card;

4. according to the credit rating, it can be divided into: platinum card, gold card and ordinary card.

5. according to the subordinate relationship, it can be divided into main card and supplementary card

main card: the main card is a credit card issued by the card issuer to individuals who have reached a certain age, have full capacity for civil conduct and have a stable job and income.

supplementary card: supplementary card refers to the credit card issued by the card issuing agency when the principal cardholder applies for his parents, spouse, children or relatives and friends with full civil capacity.

what if the credit card cannot be traded?

Credit cards cannot be used for current transactions, which may be caused by the following reasons:

(1) Merchants do not support credit card collection. When this happens in offline shopping, the main reason is that the merchant has not opened the credit card collection service. At this time, consumers should pay with a savings card.

(2) The issuing bank prohibits the transaction. Credit cards are not allowed for some transaction types, such as transfer, online loan repayment, credit card repayment, etc. Credit cards cannot be used for transactions.

(3) The transaction amount is limited by the single payment limit of the credit card. Banks generally stipulate the single maximum amount of credit card consumption. If the price of the purchased goods is high, you can't use credit cards for transactions.

credit card application process:

(1) application: generally, the application method is to fill in a credit card application form, which generally includes the name, basic information, economic status or income source of the applicant, guarantor and its basic information. And submit certain copies of certificates and certificates to the issuing bank. After the customer fills in the application form truthfully, he should submit the completed application form and relevant credit certificate. The application form is accompanied by a contract for using a credit card. The applicant authorizes the issuing bank or relevant departments to investigate its relevant information, submit a statement on the authenticity of the information, the privacy protection policy of the issuing bank, etc., and must have the applicant's autograph.

(2) information: information includes the information of the main card holder, the information of the supplementary card applicant, the information of the guarantor, the statements and signatures of the main card applicant and the supplementary card applicant, and some other information.

(3) review: after receiving the application form and relevant materials submitted by the applicant, the card-issuing bank shall review the applicant's credit standing. The contents of the review mainly include whether the contents of the application form are true or not, evaluating the credit degree of the applicant, and reviewing the relevant information of the guarantor for the individual.

(4) card issuance: after the applicant successfully applies for a credit card, the cardholder will open a separate credit card account at the card issuing bank for shopping, consumption and settlement after cash withdrawal.

(5) card opening: since the credit card application is sent by post, there is no guarantee that the recipient is the applicant. In order to protect the applicant and the bank from theft, the credit card has a card opening program before it is officially opened. Card opening is mainly through telephone or internet, etc., to check the relevant personal information provided at the time of application, and complete the card opening procedure after it meets the requirements. At this time, the applicant becomes the card holder, and can officially start using it after signing on the back of the card. After a credit card is opened, it is generally necessary to set a password for the card. After accepting credit cards, credit card merchants or banks should review the validity of credit cards and the identity of cardholders.

(6) identification: the card face of the credit card has at least the following information: front: name and logo of the issuing bank, credit card type (organization logo) and holographic anti-counterfeiting mark, English or pinyin name, activation date (generally calculated to month) and expiration date (generally calculated to month). The chip account and card magnetic stripe account are two relatively independent accounts. Back: the magnetic stripe of the card, the cardholder's signature column (which must be signed after activation), the service hotline, the last four digits or all (to prevent fraudulent use), and the credit card security code (the three digits immediately after the last four digits on the signature column on the back of the credit card are used for credit card activation, password management, TV, telephone and online transactions, etc.).

(7) authorization: the merchant and the bank confirm that the credit card is valid, and contact the bank according to the contract signed with the issuing bank to request authorization. Authorization is the amount that can be used to further prove the identity of the cardholder. Authorization is generally carried out when the use amount stipulated in the contract is exceeded. After receiving the authorization notice, the issuing bank will issue an authorization instruction according to the balance of the cardholder's deposit account and the agreement that the bank allows overdraft, and reply whether to agree to the transaction.

(8) Use: Credit cards are usually limited to the cardholder's own use, and lending them to others is generally a violation of the use contract.

(9) card cancellation: before the credit card is cancelled, the account balance must be cleared, and the whole process of card cancellation is completed within 45 days after the application is made.

What do you mean by transaction failure?

Transaction failure or unclear status means that the transaction business applied by the user is rejected, or the transaction fails for other reasons. The abnormal transaction may be due to the illegal operation of the user's bank card and the risk control of the banking system. At this time, the user needs to go to the bank to cancel the business. If the card is not used for a long time, the cardholder may be prompted by the system that the card is abnormal. :

I believe that when you are shopping, you will encounter abnormal transactions or failed transactions. Don't be surprised when you encounter this situation. This situation is mostly caused by risk control. The so-called risk control is risk control. When we are trading, if there is a risk in the store, or the owner's bank account is risky, or your bank card is risky, the transaction will fail.

in the case of a transaction failure, the average consumer will not be very troubled. After the failure, check whether your bank card has been frozen. If it has not been frozen, try placing an order again. If it is abnormal again, the high probability is the business of the store. At this time, you only need to change to another store to buy it. Of course, as a store owner, if there is an abnormal transaction, it is necessary to appeal to solve it, and it will take some time for the complaint to be solved. During this time, you still have to wait quietly, and you should also check why your store or account is risky. 1. Overdue repayment is frozen. When the cardholder uses the credit card, it is often overdue, and the bill has not been paid off for a long time. At this time, in order to avoid the risk of funds, the bank will conduct risk control on the card, resulting in the freezing of the credit card. If the credit card is frozen, the cardholder will be prompted that the transaction failed when spending by swiping the card. If you want to continue to use the credit card, you need to pay off the arrears and apply for thawing.

2. Credit cards are at risk of being stolen and swiped. The credit card has always suggested that the transaction failure may be caused by the abnormal transaction. The credit card application platform detects that the cardholder's credit card is at risk of being stolen by others, and the bank will freeze the credit card in order to avoid or reduce the cardholder's financial loss. If this is the case, the cardholder only needs to explain it clearly with the bank. If it is stolen, it needs to report to the police in time.

3. The payment password was entered incorrectly. As we all know, the credit card will be automatically locked after entering the wrong password three times during the credit card transaction. In this case, the credit card consumption must be an abnormal transaction. If you want to resume normal transactions, cardholders need to bring their ID cards to the bank to change their passwords and unfreeze them.

4. degaussing the credit card. The credit card can be used only by the magnetic stripe on the card. If the magnetic stripe is demagnetized or damaged, the credit card will be used inconstantly. At this time, the cardholder needs to contact the issuing bank in time to change the card.

to sum up, the credit card keeps swiping the card to prompt that the transaction has failed, which basically means that there is a problem with the credit card. Call the credit card service hotline of the issuing bank in time for consultation, and you can get it right. That's all about "What's wrong with the credit card transaction all the time and how to solve it", I hope it will help you.

the credit card transaction fails when the status is abnormal?

If your credit card transaction fails abnormally, it may be because there are some problems with your card, the card is restricted, or the credit card is insufficient, so be sure to ask the issuing bank what the reason is in time.

a credit card, also known as a debit card, is a credit certificate issued by a commercial bank or credit card company to a consumer with qualified credit. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit. The credit card stipulated in the relevant laws of our country (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card. Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment will be made on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card. From January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the management of the upper and lower limits of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate). On May 25th, 221, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.

that's enough for the introduction of credit card transaction failure.