Do you have either an individual or a business Venmo account and are wondering why is Venmo declining my payments? In this article, you will learn about the various causes and troubleshooting steps you can take to resolve the Payment decline issue on your Venmo app.

The online payment service Venmo has grown rapidly since its inception in 2009 to become an indispensable tool for people and businesses all over the world.

With its simple interface, customers can send and receive money in a variety of currencies from anywhere in the world.

When it comes to mobile payments, Venmo was the first app of its kind to offer full-featured payment processing services with flexible payout options.

Of course, not everyone has access to the internet or a bank account to use Venmo. You may have had your Venmo payments declined or your account canceled if you work in a high-risk business or industry, even if your bank accounts are in good standing.

It is possible that, for reasons beyond their control, Venmo will not allow even the most prosperous companies to use their fast and easy payment processing services.

Why is Venmo declining your payments?

For various reasons, including but not limited to insufficient funds or technical difficulties, you may have received a “Venmo transaction declined” message.

Some of them may be simple fixes, while others may necessitate a change in payment methods or even a transfer of funds to get things rolling again.

Your Venmo payment may have been declined for one of the following reasons:

Insufficient funds In Your Linked Bank Account Or Wallet

Payment will be declined by Venmo if your balance is insufficient. In case you were wondering how much money you had on your Venmo account, you can view it right on your dashboard.

If you’re having trouble with your Venmo balance and need assistance, you should get in touch with customer support right away.

Technical issues With Venmo App

Problems with the Venmo app or a slow internet connection are two possible causes of technical difficulties. A payment may fail to go through for various reasons, the most common of which is a network issue. Just like with payment problems, the quickest way to resolve technical issues is to get in touch with Venmo’s customer support team.

Bank Account Not Linked Properly

There may be an issue with the account linkage when using a debit or credit card. In such a case, the card issuer will not consider the transaction to be valid and will reject the payment. You can call the credit card company to find out what’s wrong, but if it has to do with your bank account being linked, you’ll have to handle it on your bank’s website.

Incomplete Account Information

If you’ve recently changed your email address or bank account number, or if your Venmo account has been compromised in any way, you should update your account. Venmo may suspend your ability to receive payments if you haven’t provided up-to-date financial or tax information.

Account Blocked By Venmo or Bank

Venmo won’t accept a payment from an account that has been restricted from receiving withdrawals or charges. If this happens, contact your card issuer immediately to learn why they blocked your transaction. As a rule, fraudulent activity on the account is to blame when a transaction is denied.

Because of this, it’s possible that your account was compromised and sensitive information was taken. When Venmo detects suspicious activity, the account is flagged automatically for added security. This flag stays in place until the bank, the card provider, and the customer has resolved the issue.

High Transaction Number

Your Venmo account may be flagged if your company has an unusually high volume of transactions. Hackers may have gained access to your account if there are unusual spikes in activity.

In some cases, Venmo may delay processing your payment until you contact support and verify the legitimacy of the transaction.

Similarly, if you see suspicious or unusual activity on your account, you should contact Venmo’s support team right away. Businesses with high transaction volumes may be flagged as high risk, even if the charges themselves are not.

How To Fix Venmo Payment Declined Issue

It is recommended that you contact Venmo customer support for assistance with any payment-related issues. However, there are times when simple solutions can be found on your own.

However, if you are experiencing issues with security or account blocking, you should contact Venmo support immediately.

One of the most common reasons a payment is declined by Venmo is out-of-date information in your account, so make sure to check in on it occasionally. Ensure the accuracy of all of your data by checking it regularly.
Attempt to relink your bank account and payment card through the bank’s website if you believe the two have become unintentionally disconnected. Possible solutions include unlinking and re-linking if you suspect a problem. The technical support line of your bank should be contacted if the issue persists.
There’s a chance the issue is related to your computer or an internet outage if you’re trying to fix it from your home. Please try again later using a different computer, mobile phone, or tablet to complete the transaction. If it’s still not functioning, you’ll know it’s not the computer system’s fault.
Before sending a payment, double-check the recipient’s phone number or email address to ensure you have the correct details.
Scan your device with antivirus software to make sure a malicious program isn’t preventing you from making a purchase.
Disable your virtual private network (VPN) for the time being. Money transfers are vulnerable to being blocked by VPNs because of the potential for interference.
If you’re having trouble with Venmo or your credit card company, check Downdetector online. If Venmo, your bank, or your credit card company is experiencing technical difficulties, sometimes the only thing you can do is wait for them to be fixed.
Check your purchase history for anything that seems fishy. Get in touch with Venmo immediately if you notice anything suspicious.
Contact your financial institution if you think there may be a problem with the network. It’s possible that there are currently problems or that site maintenance is being performed.

You should contact Venmo customer service right away if none of the above-mentioned solutions work, as they will be in a much better position to assist you.

Wrap Up For Venmo Payment Declined Issue

I hope you got an answer to why your Venmo payment was declined. As previously stated, I have listed all of the possible causes of a payment decline, such as a network issue, account blockage, or security issue.

If you are unable to resolve the issue on your own using the methods described above, you should contact Venmo customer service and explain your situation. They will inform you of the specific issue or problem that caused your payment to be declined.

Further Read:

Venmo Frequently Asked Questions

This FAQ should help explain why your Venmo payment was declined and answer any questions you may have:

Why does Venmo continue to decline my payment?

As we’ve seen, there are a number of reasons why a payment might be declined, including a lack of available funds, an incorrect bank account link, a system error, a blocked account, an unusually high volume of transactions, or Contacting Venmo’s customer support is your best bet for getting answers to all of these questions and solving any problems you may be having.

Why doesn’t Venmo customer support tell me exactly what the problem is?

The financial sector has strict guidelines about the amount of information that customer service agents can give out over the phone. These restrictions are in place to protect the personal information of our customers at all times.

I’ve tried several solutions I saw online, but my Venmo payments still aren’t going through. What should I do?

Get in touch with Venmo if the issue persists. You can contact Venmo by phone, chat, or email, all of which are readily available from the main page of their website. If you have any questions or concerns about your Venmo credit card, you can always reach Synchrony Bank at the number printed on the back of your card.

Why is my payment showing a “pending” message?

Possible reasons for a “pending” or “incomplete” payment status include sending money to a non-Venmo-linked phone number or email address. In this case, you’ll need to have the person you’re sending money verify their email or phone number with Venmo. You can request a refund from Venmo if you change your mind.

How can I find out about my Venmo transaction history?

Simply log in to your Venmo account whenever you need a quick and simple way to monitor and track your payments. To access the Venmo sign-in page in a web browser, select “Statement.” If you click the “Download CSV” button next to the “Date” tab in your transaction history, you’ll be able to save that information to your computer. In the Venmo app, tap the “Me” tab to see a complete list of your past purchases.

If you need to check multiple months, you will have to select and download each one separately because Venmo only allows you to view and download one month at a time.

Why Is Venmo Declining My Payments?