Why are credit cards restricted to trading? Five reasons may be swiped
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In the process of using a credit card, maybe one day, when you spend the card, you are suddenly told that your credit card is restricted from trading, then you must know what is going on, and what will cause the credit card to be restricted. What? Below, Xiaobian introduces the reason why the credit card is restricted from trading.
Why are credit cards restricted to trading?
1. There are cash transactions suspected of being involved. The credit card is restricted to be traded because it is because the number of large integers is continuously brushed out on the same POS machine, and the same IP is repeatedly paid through the online payment platform for a short period of time, such as cash withdrawal and money laundering, and the system will refuse to pay. .
2. There is a problem with the credit card itself. If the credit card balance is insufficient, the credit card credit amount exceeds the single/daily/monthly payment limit, the credit card is stopped, and so on. At this time, the use of the problematic credit card payment will also result in a chargeback.
3. The credit card has the risk of being stolen. Cross-border transactions are likely to involve credit card theft, especially when the cardholder’s recent transaction is in the country, and then suddenly a cross-border transaction occurs, the bank will suspect that the card was stolen by the country and refused. Pay. If the IP paid by the consumer is from a high-risk area that is listed by an international credit card organization, the system is likely to be rated as a high-risk transaction and refused to debit.
4. Reasons for issuing the card. The credit card is restricted from trading sometimes because the card is rejected because the card issuer refused to trade. The specific reason why the card-issuing bank that consumers consume refuses to trade requires the cardholder to contact the issuing bank for understanding.
5. Network or equipment failure. Credit card is restricted to transactions. In some cases, the payment is refused due to objective reasons, such as network problems during online payment, and failure to swipe the card device when offline.
The above are the five possible reasons for the credit card to be restricted. Xiaobian reminder: use the credit card method to be proper, do not engage in illegal cash out, etc.; often swipe the card to form a good card record, which will also help to increase your credit card quota; Credit cards should not be used for brushing or occasional flashing; use cards carefully in areas where the risk of fraud is high.