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.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Venmo Transaction Declined
- Reasons a Venmo Payment Gets Declined
- Frequently Asked Questions
- 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.
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.
Do You Want Our Free Non-Resident Banking Guide?
Sign up here to receive our Free Non-Resident Banking Starter Guide and weekly updates on the best account opening options available:
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.
Do You Want Help Opening a US Bank Account?
If so, you can get access to GlobalBanks USA (our dedicated US account opening service) in just a few clicks.
GlobalBanks USA is a 100% personal account opening solution. It provides direct access to our team of US banking experts.
When you join, you receive…
+ Expert suggestions on where to open US bank accounts.
+ Step-by-step support to navigate US account opening.
+ Direct introductions to helpful and responsive bankers.
+ Plus, detailed guides to maximizing the value you get from your new US bank account.
And “yes!” GlobalBanks USA helps foreigners and non-resident individuals open accounts.
In fact, GlobalBanks USA even helps non-resident US LLCs and foreign & offshore entities.
Use the link in our menu above to learn more about GlobalBanks USA. Or, contact us directly with any questions!