Venmo Transaction Declined [Money Transfer Problems]

Venmo transaction declined is an unfortunate message to receive when you need to send money.

In this article, we’ll look at why this happens and answer a number of common questions we receive on the topic.

This article is part of our free series on how to send money online through bank transfers, direct deposit, and more – click here to unlock free access.

Feel free to use the table of contents to jump ahead to the sections most relevant to you.

Table of Contents

  1. Venmo Transaction Declined
  2. Reasons a Venmo Payment Gets Declined
  3. Frequently Asked Questions
  4. Do You Want Help Opening a US Bank Account?

Venmo Transaction Declined

Venmo transaction declined refers to receiving a direct message from the Venmo app saying that an error occurred and the transaction was not able to be sent. Not surprisingly, there are a number of reasons why a Venmo transaction may have been declined. However, one of the most common reasons why a Venmo transaction gets declined is because the payment was declined by the payment card network.Β 

Unfortunately, when a payment card declined a Venmo transaction, it typically continues to decline the transaction repeatedly. That said, a declined transaction does not necessarily mean that there is no money in the account, though this is possible. Instead, it can also mean that the transaction has been flagged as suspicious.

Not surprisingly, payment card networks regularly decline transactions that appear fraudulent. If this happens, and you want to move forward with payment, purchase, or transfer, you will likely need to contact your card provider and ask that they allow the transaction to go through. Of course, you can try using a different card from a different payment network.

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Reasons a Venmo Payment Gets Declined

Reasons why a Venmo payment gets declined include the reasons shared above, including insufficient funds on a payment card or the transaction being flagged as fraudulent by the card provider. That said, there are other reasons why a Venmo transaction can get declined as well, including all of the following possibilities.

Reasons a Venmo Customer Has a Payment Declined

  • Insufficient funds on the payment card
  • Transaction flagged as fraudulent (or high risk)
  • Transaction limits exceeded for the period
  • In accurate account recipient details
  • Action taken against your account to block transfers
  • And more

Frequently Asked Questions

Below are three of the most common questions that we receive from people looking into why a Venmo transaction was declined. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.

Why Does My Payment Keep Declining?

Why your payment keeps declining will depend on the type of card you are trying to use, where you are trying to use it, and a number of other factors. For example, a debit card may keep declining if you do not have sufficient funds in the account. Additionally, a debit card may decline if the transaction is flagged as fraudulent or high-risk. Of course, if you have a credit card, you may have already used all available credit. Lastly, both debit cards and credit cards may keep declining if the card issuer has placed a hold on the card.

Is There a Daily Limit on Venmo?

Yes, there is a daily limit on Venmo transactions but that limit is set on a weekly basis. In other words, you could reach your weekly allowable limit in just one day. Unverified accounts have a limit of $999.99 per week. Of course, verified accounts have a higher limit. That means, verified accounts can transfer up to $19,999.99 per week. Additionally, Venmo imposes a per transaction limit, which forces all transfers to be under $4,000.

How Do I Get a Denied Venmo Payment?

You can get a denied Venmo payment by not having sufficient funds, by trying to make a high-risk transfer, by reaching your weekly transfer limits, or by having your account blocked.

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GlobalBanks Team
GlobalBanks Team

The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.

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