What does transaction exceeds defined limit mean?

Understanding Transaction Exceeds Defined Limit Error

What does it mean when a transaction “exceeds defined limit”?

This error message indicates that your payment attempt has exceeded the pre-established transaction limits set on your account or card. These limits are in place to protect against unauthorized activity and ensure responsible spending.

Possible Causes:

• Account Limit: Your account may have a maximum transaction limit that you have surpassed.
• Card Limit: The card you are using may have a specific maximum transaction amount.
• Merchant Restriction: Some merchants may set their own transaction limits, which can be lower than your account or card limit.

Resolving the Issue:

• Try Again: If the transaction is within your permitted limits, you can try again to complete it.
• Alternative Payment Method: If the error persists, consider using a different payment method, such as a different card or an alternative payment service.
• Contact Customer Support: If multiple transaction attempts fail with the same error message, contact your bank or card issuer for assistance. They can review your account and assist you in resolving the issue.

Additional Considerations:

• Temporary Limits: Some banks may implement temporary transaction limits during busy periods, such as holidays or sales.
• Security Measures: Transaction limits are often set as security measures to prevent fraudulent activity. If you notice any unusual activity or transactions you do not recognize, report them to your bank immediately.
• Limit Adjustments: In some cases, you may be able to request an adjustment to your transaction limits. However, this is subject to the discretion of your bank or card issuer.

By understanding the reason behind the “transaction exceeds defined limit” error and taking the appropriate steps, you can resolve the issue and ensure secure and convenient payments.