What happened if the credit card (debit card) transaction failed?

The reasons for the failure of credit card (debit card) transactions may be: online payment is not enabled, the network is unstable during the transaction, the transaction is not authorized, the amount of a single transaction exceeds the limit, the credit card (debit card) is in Overdue status, the user is suspected of stealing or withdrawing cash, etc. Because there are many reasons that may cause a credit card (debit card) transaction to fail, after the first transaction fails, the user can try another POS machine to run a credit card (debit card) payment.

If the credit card (debit card) cannot be swiped successfully after changing to a POS machine, then there may be a problem with the card itself that causes the transaction to fail.

What happened when the credit card transaction failed?

The reasons for the failure of the credit card transaction may be: online payment is not activated, the network is unstable during the transaction, the transaction is not authorized, and the amount of a single transaction exceeds the limit , the credit card is overdue, the user is suspected of fraud or cashing out, etc. Since credit card transactions may fail for a variety of reasons, after the first transaction fails, the user can try another POS machine to swipe the card for consumption.

If the card cannot be swiped successfully after changing to a POS machine, there may be a problem with the card itself that causes the transaction to fail.

Degauss the credit card. The ability to use a credit card depends on the magnetic strip on the card. If the magnetic strip is degaussed or damaged, the credit card will not be used regularly. At this time, the cardholder needs to contact the card issuer in time to replace the card.

Overdue repayments are frozen. Cardholders often become overdue when using their credit cards and fail to pay off their bills for a long time. At this time, in order to avoid financial risks, the bank will conduct risk control on the card, resulting in the credit card being frozen. If the credit card is frozen, the cardholder will be prompted that the transaction failed when swiping the card for consumption. If you want to continue using the credit card, you need to pay off the outstanding balance and apply for unfreezing.

Consequences of overdue credit cards

1. You will have an enforcement record on the central bank’s credit record.

So, dear customers, you are also young people. In the future, it will be almost impossible to apply for credit cards, loans, etc., and if you need to borrow money from banks, financial institutions, or small loan companies.

2. You will be on the credit blacklist

In the future, if you take the high-speed train..., take the dormitory, or your children's education and employment, they will all be affected because of your malicious overdue this time. Then you will lose It will not only be about money, your family ties, your love, your friendships, and even your homosexuality... will also be far away from you.

The payment password was entered incorrectly. As we all know, entering the wrong password three times during a credit card transaction will cause the credit card to be automatically locked. In this case, the card payment must be an abnormal transaction. If you want to resume normal transactions, the cardholder needs to bring his or her ID card to the bank to change the password and unfreeze it.

Credit cards are at risk of being stolen or fraudulently used. The credit card keeps prompting that the transaction failed. This may be because the transaction is abnormal. The credit card application platform has detected 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 losses. If this is the case, the cardholder only needs to explain clearly to the bank. If it is really stolen, the cardholder needs to call the police in time.

What is the reason for Bank of China credit card transaction failure?

Credit card transaction failure may be due to the following reasons:

1. Abnormal credit card or account status;

2. Insufficient credit card limit;

3. There are restrictions on credit card transactions overseas or with special merchants;

For specific circumstances, it is recommended that you call the credit card customer service hotline 4006695566 for manual enquiry.

The above content is for your reference, please refer to actual business regulations.

Credit card comprehensive payment call failed

Causes for credit card payment failure:

1. Insufficient credit card balance. Insufficient credit card balance to pay the current transaction will cause credit card payment failure. ;

2. The credit card has expired. Credit cards have a certain validity period. Failure to replace the card in time after the expiration date will cause the card to become invalid, resulting in failure of credit card payment;

3 . The credit card payment channel is incorrect. Credit cards from different issuing organizations should be swiped through the corresponding card swiping channel to pay normally. For example, a single UnionPay card cannot be swiped through the VISA payment channel, and a single VISA card cannot be swiped through the UnionPay channel; < /p>

4. The payment limit is too high. For specific transaction types and online transactions, the card-issuing bank will set a single payment limit and monthly payment limit for the credit card. If the amount of the card transaction exceeds the above limit, it may be Resulting in credit card payment failure;

5. The corresponding payment function has not been activated. For example, credit cards that have not activated the online payment function cannot be used for online payment;

6. Network problems, consumer payment When the network access speed is slow or other network problems occur, repeatedly refreshing the payment page results in multiple submissions of payment applications or the system fails to receive payment applications;

7. Suspected credit card fraud transactions, consumers use The card used for payment is a non-domestic card, and there is suspicion of card theft, so the system will rate it as a high analysis transaction and refuse to deduct the money;

8. The credit card is frozen.

How to deal with credit card payment failure:

1. If the payment fails due to insufficient credit card balance, you can first swipe the balance in the credit card and make up for the shortfall in other ways;

< p>2. The credit card has expired, so you can only replace it with a new card in time;

3. The credit card payment channel is incorrect, and you can only perform card transactions through the correct payment channel;

4 . If the payment fails due to the payment limit being too high, you can pay by credit card within the limit and make up for the shortfall in other ways;

5. If the corresponding payment function is not activated, you can only wait until the corresponding payment function is activated. Pay by credit card;

6. If there is a network problem, you can change the network environment to make a credit card transaction;

7. If the transaction is suspected of fraudulent credit card use, if it is done by yourself, you can coordinate with the card-issuing bank to solve the problem ;

8. The credit card is frozen, and transactions can only be made after the credit card is unfrozen.

Credit card is a non-cash payment method and a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account.

Credit cards are issued by commercial banks to individuals and organizations. They can use them to shop and consume with specially appointed organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with the card issuing number printed on the front. Cards with bank name, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.

A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), join VISA, MASTER Wait for international credit card organizations to make it universally applicable.

Credit card holders should pay attention when using their cards. When swiping their credit cards for consumption, they should also pay attention to the time and place of consumption. If you spend a large amount of money late at night or early in the morning, it is easy to receive a notice of credit reduction or card closure from a commercial bank. Credit card transactions in real estate, public welfare, education, building materials and other categories are affected by national policies. A special reminder that real estate credit card consumption will be restricted.

Credit card holders need to note that credit cards can usually only be used in daily consumption places such as shopping, travel, restaurants, and shopping malls. Under the management of banks, credit cards also have consumption restrictions, and credit cards cannot be used everywhere. After using a credit card to make purchases, cardholders need to repay in full and on time. If they are unable to repay, they can apply for a minimum repayment.

Why can’t I pay with my credit card?

If the credit card prompt is incorrect, it means that the card cannot be used for payment. It is recommended to change a card or go to the bank to check.

CreditCard is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department to shop or consume, and then the bank will work with the merchant and the cardholder to The cardholder can make an overdraft within the prescribed limit.

Reasons for failure to pay with credit card:

The first reason: the credit card has not activated the credit card online payment function or exceeds the online payment limit. In this case, you can log in to the credit card online banking → online payment →Apply for online functions, activate the online payment function and set the online payment limit;

The second reason: websites that conduct credit card online payment have limits on single credit card payments; for example, on Taobao, bank credit cards have Regulations on single transaction limit and daily limit;

Third reason: Insufficient credit card available limit. For example, when ordering items on the bank's official website "Credit Card Online Mall", it prompts that the credit card online payment failed. Then you can log in to your credit card online banking to check the available limit to see if it exceeds the available limit of your credit card. There are also certain limits for installment products in the online mall, that is, the total price of the products cannot exceed the fixed limit of your credit card. For example, if you have a quota of 10,000 and purchase a product worth 1,000 in each period for 12 periods, your order may fail.

If you want to pay the fee, there are two ways:

1. On the credit card repayment date, the bank will automatically offset the cash in your credit card against the overdraft. After the credit card limit is restored, , you can make payment.

2. Call the customer service of the credit card center and request a temporary increase in the credit limit based on the amount of cash in the card. After the bank approves, the payment can be made.

If the credit card cannot be paid or the status is abnormal during use, it means that the cardholder has either damaged the card or there is a violation of the credit card. Common reasons include entering the credit card password incorrectly many times, the credit card being overdue and frozen by the bank, the credit card being at risk of being stolen, and the card being damaged due to malfunction.

Why can’t I pay online with a credit card? Find out why payment failed!

In addition to using POS machines offline, credit cards can also be used for online payments, such as online shopping, paying water and electricity bills, recharging phone bills, etc. However, netizens often say that they cannot pay online using credit cards. In fact, quite a few cardholders will encounter this situation, but the reasons for payment failure are different. Let’s analyze them one by one below.

Why can’t I pay online with a credit card?

Generally, there are many reasons for credit card online payment failure, including not activating the online payment function, insufficient available credit, entering incorrect information, exceeding the payment limit, etc. The details are as follows:

1. The online payment function is not enabled: This is an important prerequisite for online payment.

2. Insufficient available limit: If the available limit of your credit card is only 5,000 yuan, but the price of the goods you purchased online is 5,100 yuan, then the payment will naturally fail. In this case, you can contact the bank Apply for a temporary quota increase to get more quota.

3. The entered credit card information is incorrect: This information includes credit card, payment password, verification code, etc. If any one of them is wrong, the payment will fail.

4. Exceeding the payment limit: Many cardholders have set a payment limit for their credit cards on the official credit card website. If the transaction fails due to exceeding the payment limit, you can log in to the official website and re-modify the payment limit.

The above is the relevant introduction to "Why can't I pay online with a credit card? Learn about the reasons for payment failure!" All in all, there are many reasons why credit cards cannot be paid online. You can use the above reasons to see where the error is. If you really can't find the reason, it is recommended to call the customer service number of the credit card issuing bank directly to consult customer service.

That’s it for the introduction of why credit card payment failed.