What to Do When Your Venmo Transaction is Declined

Have you ever made a payment on Venmo only to have it declined? This can be frustrating, especially if you're expecting the money to go through quickly. In this article, we'll walk you through what happens when your Venmo transaction is declined and how you can take back the pending payment.

When you send a payment on Venmo using a bank account or card, the money will be returned to the original funding source if the transaction is declined. This means that the funds will be taken out of your account and credited back to you.

To take back a pending payment, follow these simple steps:

1. Open the Venmo app and go to your Transactions feed.

2. Find the payment in question at the top of the list.

3. Tap on the 'Take Back' button next to the transaction.

If you want to cancel the payment instead of taking it back, you'll need to follow a different set of instructions. First, have your friend accept the money by following these steps:

1. They should sign up for or add an additional email address to their Venmo account.

2. Have them go to the Venmo app and access their Transactions feed.

3. Find the pending payment in question and tap on it.

4. Then, they should follow the prompts to accept the payment.

You can also view your pending payments on the web by accessing your Venmo account online. Just log in to your account and look for the 'Pending Payments' section. This will show you any payments that are waiting to be completed or accepted.

In some cases, a payment may show as 'Pending' because the email address or phone number associated with the recipient's Venmo account hasn't been verified. If this is the case, the payment won't go through until the recipient verifies their contact information.

If you've sent a payment to an email address or phone number that isn't associated with an active Venmo account, it may also show as 'Pending.' This can be frustrating, but there's nothing you can do except wait for the recipient to create a Venmo account and verify their contact information.

In summary, when your Venmo transaction is declined, the money will be returned to the original funding source. You can take back a pending payment by tapping on the 'Take Back' button in the Venmo app or cancel it by having your friend accept the money. By understanding what happens when a transaction is declined, you can avoid any confusion and get on with your day.

Venmo transaction declined