Transactions fail for a variety of reasons and it can be frustrating when it leads to loss of prospective customers. Majority of these payments fail for a good amount of reasons in order to minimize the possibility of a fraudulent transaction.

We continuously work to reduce decline rates for payments processed on SeerBit with our advanced fraud detection and management tools.

When a customer initiates a payment. A debit request is sent to the issuer of the customer’s card. The request analyzes various signals such as card information, card expiry date, CVC and customer’s spending habits.

If the payment is declined by the card issuer, SeerBit has much information needed to understand why the transaction failed. The information is provided on the dashboard and API level. Sample reasons can be: Insufficient funds, transaction not permitted to card holder or do not honor.

These are the most common raw responses from Visa and Mastercard for refused or cancelled transactions. The response code returns with or without a leading zero