What happens if the payment amount exceeds the merchant s collection limit?

Transaction amount limit refers to the prompt that the transaction amount limit appears on the POS machine or payment page when swiping the credit card for consumption. The main reasons for this prompting are:

1. The credit line of the credit card has been used up, the available limit is insufficient, and the balance of the bank card is insufficient;

2. The transaction amount of the card in a certain payment channel has reached the upper limit;

3. When swiping the card for consumption, the bank detects that there is a risky transaction, so it restricts the transaction amount;

4. The customer has set the limit of a single transaction, and will receive the prompt if the limit is exceeded.

The central bank issued a notice on the "Barcode Payment Business Specification (Trial)", which was officially implemented on April 1, 2018. According to the new regulations, the merchant's static payment is limited to 500 yuan per day. After the limit is exceeded, the customer will scan the QR code to show that the merchant quota is restricted.

The cumulative transaction amount of a single bank account or all payment accounts and quick payment of the same customer in a single day cannot exceed 500 yuan, and there is no restriction on dynamic payment.

This is provided by Youqianhua, which is the credit platform of Du Xiaoman Finance, Du Xiaoman Finance will effectively implement the call of the state to support small and micro enterprises to tide over the difficulties, and fully support the production and operation of small and micro enterprises. It is reported that seventy percent of the credit users of Du Xiaoman Finance are small and micro business owners. Up to now, Du Xiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of yuan of loans for small and micro business owners.

What does it mean if the merchant payout limit is exceeded.

It should be that your merchant's collection amount on the day exceeds the limit set by the bank, otherwise it is impossible.

I hope mine can help you, hope, thank you.

The prompt payment amount exceeds the merchant's limit because the merchant has set a transaction limit, and if the limit is exceeded, the payment cannot be made, and this situation needs to be solved through the merchant's side. If you are restricted from receiving money, it means that the information of the receiving account is incomplete and there is a security risk, and the account must be completed first. Or contact customer service to see the specific reason, and if the requirements are met, the restriction should be lifted.

Extended Materials. The reason for the merchant's payout limit.

1) If the risk prevention capability reaches Level A, and two or more types of valid elements, including digital certificates or electronic signatures, are used to verify the transaction, the member unit and the customer shall independently agree on the cumulative limit of a single day through an agreement;

2) If the risk prevention capability reaches level B, and two or more types of valid elements including digital certificates and electronic signatures are used to verify the transaction, the cumulative amount of a single bank account or all payment accounts of the same customer in a single day shall not exceed 5,000 yuan;

3) If the risk prevention ability reaches level C and less than two types of elements are used to verify the transaction, the cumulative amount of a single bank account or all payment accounts of the same customer in a single day shall not exceed 1,000 yuan, and the member unit shall promise to unconditionally bear the liability for the risk loss compensation of such transactions. In addition, if the static barcode is used for payment, the risk prevention ability is level D, no matter what transaction verification method is used, the cumulative transaction amount of a single bank account or all payment accounts and quick payment of the same customer should not exceed 500 yuan in a single day.

1-2) Bank Payment Restrictions Different banks have different restrictions on different types of cards, for example, some bank credit cards are 500 yuan for a single transaction and 1,000 yuan for a single day, and some bank savings cards are 2,000 yuan for a single transaction and 5,000 yuan for a single day.

1-3) WeChat collection restrictions Virtual industry: the same WeChat, a single transaction of 6,000, a single day of 9,000 Physical industry: the same WeChat, a single transaction The daily limit is 80,000 yuan If there is an abnormality in the merchant's transaction, WeChat will also limit the merchant's collection.

Operating Environment: Open the Mobile Browser version.

Exceeding the merchant limit means the following:

1.The merchant's collection limit exceeds the limit means that the collection platform has limited the amount of the merchant's collection in one day, and once the collection amount exceeds this limit, such a prompt will appear. In this case, the consumer will need to change to another payment method.

2.It is worth mentioning that merchants with collection limits, usually risky merchants of banks, buy things at such merchants, and try not to use credit cards for transactions.

3.Exceeding the merchant's slippage limit means that the user exceeds the maximum amount of a single purchase of goods at the merchant. If it is a credit card merchant limit, it means that the merchant who swiped the card has been added to the bank's blacklist.

, but it may still be available at other merchants.

4.Usually in this case, most of the cardholders have been in a row for about 3 months, and often have thousands or tens of thousands of large transactions on the POS machine of the same merchant, and even some of them often swipe the card, which is obviously a false consumption behavior.

Extended Information: How can I change my card transaction limit?

1. Online banking.

Modification: You can directly log in to online banking, log in to your personal account, and then enter the payment management interface to modify the limit. If online banking does not support modification, you can apply for a ukey to obtain more permissions;

2. Modification of bank outlets: You can bring your bank card and personal ID documents to a nearby bank branch, and let the bank counter staff help you modify the bank card limit;

After the customer service staff verifies the personal information, they will help modify the limit.

How do I change my credit card transaction limit?

2.If you have never registered before, then you can register first, register according to the requirements of the page, and if you have registered before, then you can log in directly.

3.Once you're in the meeting, you'll be able to see your credit card, and then we'll click on the credit card normally.

4.After entering the interface, you can see the transaction limit, we can click on the transaction limit to change the transaction limit, and click Save after changing.

It is because it exceeds the single transaction limit set by CCB. Here's how to change the construction transaction limit:

2. Next, click Login to log in as an individual.

3. Once the login is complete, click on the credit card indicated by the arrow.

4. After entering the credit card page, click on the transaction limit indicated by the arrow.

5. On the page that appears, change the transaction limit of Sun Hu, and click Save in the upper right corner of the page.

According to the Central Bank. According to regulatory requirements, Alipay limits the user's collection limit to a single 10,000 yuan, with a monthly cumulative amount of 50,000 yuan, and cannot receive money if the limit is exceeded. If you want to modify the Alipay collection limit, you need to upload your ID card.

**Complete real-name authentication.

Open Alipay on your mobile phone, click "My" - the avatar bar at the top of the page - "Identity Authentication", upload your ID card**, and you can increase the total amount of receipts and payments.

Extended Information:1The payout limit is the maximum amount of payouts and the maximum number of payouts per day that can be limited when trading online.

When trading, you can enter the relevant options through the bank's page prompts, and change it by modifying, and the maximum daily payment amount will automatically return to 0 with the last transaction, so you need to change the daily transaction limit in each transaction.

The transaction limit of each credit card used by the cardholder is granted by the issuing bank according to the credit status of the cardholder. For businesses exceeding the transaction limit, the special merchants and business establishments can only accept the business after obtaining the authorization and consent of the card issuer. The transaction limits of each professional bank are specified according to the type of transaction and the type of card.

In a sense, the transaction limit is actually the authorized limit of the special merchant or business establishment, that is, the credit card transaction exceeding the authorized limit must be authorized to seek authorization.

2.First of all, it must be noted that Alipay does not have a limit setting function, and you can spend as much money as you have. It can only be said that when the user pays the amount of money, the verification code bound to the mobile phone needs to be used.

There is a payment limit Yes bank, when you pay with Alipay, if the balance is not enough, then you must recharge, each bank has a daily limit limit.

3.At present, users are controlled to use a mobile phone verification code when the amount of a single payment reaches 200 yuan and the daily accumulation exceeds 600 yuan (this limit has been set and cannot be modified). Alipay will be implemented on January 1, 2014 will implement the SMS charging system, everything to open the mobile phone SMS notification of the user, require each payment to send a verification code, will be charged to the user every month, if not open each payment needs a verification code, usually in a single payment amount of 500 yuan, the daily cumulative consumption of more than 1000 yuan when the verification code sent is free.

Operating environment: Huawei nova5 Alipay.

Exceeding the merchant limit means that the user exceeds the maximum amount of a single purchase at the merchant. If it is a credit card merchant limit, it means that the merchant who swiped the card has been added to the bank's blacklist, but may still be able to make purchases at other merchants. Usually this situation occurs, most of the cardholders have been in a row for about 3 months, and often have thousands or tens of thousands of large transactions on the POS machine of the same merchant, and even some of them often swipe the code stove card, which is obviously a false consumption behavior.

If it is because the bank has exceeded the limit set by the bank. Taking CCB as an example, you can change the construction transaction limit as follows:

2. Next, click Login to log in as an individual.

3. After the login is completed, click on the credit card pointed by the arrow.

4. After entering the credit card page, click on the transaction limit indicated by the arrow.

5. On the page that appears, change the transaction limit and click Save in the upper right corner of the page.

If the amount paid by the user exceeds the merchant's daily collection limit, the bank has limited the amount of the merchant's credit card collection, and this reminder will be generated if the amount exceeds this limit. In this case, the consumer needs to switch to another payment method, or use a combination payment, that is, use a credit card to pay the amount within the spending limit, and then use another method to pay the remaining amount. Generally, merchants with collection limits may be listed as risky merchants by banks, and consumers should try not to trade at such merchants.

1. Online banking modification: You can directly log in to online banking, log in to your personal account, and enter the payment management interface to modify the limit. If online banking does not support modification, you can apply for a ukey to obtain more permissions;

2. Modification of bank outlets: You can bring your bank card and personal ID documents to a nearby bank branch, and let the bank counter staff help you modify the bank card limit;

It is because it exceeds the single transaction limit set by CCB. The method of changing the construction transaction limit is as follows

2. Next, click to log in and log in to your individual.

3. Once the login is complete, click on the credit card indicated by the arrow.

4. After entering the credit card page, click on the transaction limit indicated by the arrow.

5. On the page that appears, change the transaction limit and click Save in the upper right corner of the page.