Venmo has become increasingly popular over the years and many rely on their Venmo accounts to process quick payments to their friends and family.

The most common reasons for declines are: Incorrect credit card number or expiration date. In the first quarter of 2018, Venmo processed more than 12 billion in transactions. Sometimes you can tell why it was declined by reading the response code, but only the customers bank can confirm the specific reason. To complete the partially authorized purchase, you need to either. The company declined to comment on how it monitors transactions, many of which are categorized only by sparse descriptions or a single emoji. Transaction was declined by processor: Decline: A processor decline indicates that the customers bank has refused the transaction request. If you have insufficient funds, then your payment may be declined or partially authorized. VenmoвЂ™s user agreement states that personal accounts may not be used to conduct business, including paying for вЂњconcert tickets, electronic equipment, sneakers, a watch, or other merchandise, deposits for apartments, or dog walking.вЂќ But itвЂ™s unclear how many Venmo users break those rules-itвЂ™s common, for example, to pay a babysitter via Venmo-or what Venmo might be doing to better identify anyone gaming the system. The app is zeroing in on a gray area familiar to many of its customers. So if youвЂ™re selling a couch and want the buyer to pay via Venmo, you can flip a switch, pay a fee, and protect both parties in case of a dispute. In exchange, those transactions are entitled to payment protection. Venmo takes a 1.9% cut of commercial transactions-previously only applicable to registered businesses-plus a 10-cent fee. Last week, Venmo announced a new way for users to conduct вЂњgoods and services transactions,вЂќ giving people with personal accounts the ability to toggle between transaction types. It states explicitly (often in all caps) that you cannot use Venmo to receive business, commercial or merchant transactions, meaning you CANNOT use Venmo to accept payment from (or send. Next time you Venmo a friend of a friend for a concert ticket, the app would like you to give it a cut of the action. The site further explains that Venmo may actually reverse the payment after review if you accept a Venmo payment from someone for a good or service.

Venmo transaction declined