Even if everything is working just fine with your Venmo account, you may still face some hurdles while using it. Sometimes, you may face login issues and sometimes your payments may get declined due to unknown reasons. Whatever be the reason behind these issues, you will need to fix these issues immediately so as to again getting back to making payments. While fixing Venmo login issues is easy, but resolving issues related to making the payment is difficult.
So, below we shall try to find out the most obvious reasons why your payments might be getting declined and what you could do to fix this issue.
Reasons behind failure of payment on Venmo
When you see the message "Venmo Payment declined- There was an issue with your payment. Try again later." there could be the following reasons behind it:
Your bank is not supporting the transaction made by you
Venmo has red-flagged your payment as you might be doing something wrong
Your account has been temporarily frozen
You probably have exceeded the sending limits
Your account does not have enough funds in it
Ways to resolve this issue
If you have not verified your Venmo login account, then please do so at the earliest because this shall help you increase your account limit.
In addition to this, you can also check your Venmo account balance and see if you have enough funds in it before making any transaction through it.
Make sure that you do not go against the User Agreement policies as it may freeze up your account and you will have to take additional steps to unfreeze it.
Your account may also face issues during payment when you try to log in with incorrect Venmo login details repeatedly and then get successful in one of the attempts. Just make sure that you do not work against the rules and policies set by Venmo. In case it is an issue from the end of the bank, then you need to contact your bank to get the issue fixed. Else, you may need to contact Venmo and seek help from their representatives.
There are certain reasons for the issue and some of them are mention below:
If you are making international transactions there can be high chances of Venmo declining it. The issue can be because of the debit card. It happens a few times that Venmo international transactions are not active.
Another reason of Venmo declining your transaction is due to ACH. ACH refers to Automated Clearing House. It is an electronic network for your financial transactions. If you exceed the ACH limit the transaction will be declined.
Venmo is an online application which requires internet. You can only make the transfer when you have a stable internet connection. If the internet has poor connectivity, then there can be multiple transaction failures.
Venmo will decline your transaction if the status of card or bank account used is block. Sometimes the bank or card issuer also declines the transactions due to peak hours or busy servers.
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