What are the common reasons for Apple Pay declining when used for buying cryptocurrencies?

3 answers

• Feb 19, 2022 · 3 years ago
  One common reason for Apple Pay declining when used for buying cryptocurrencies is that the transaction may be flagged as suspicious by the bank or credit card issuer. This can happen if the transaction is considered high-risk or if it deviates from the user's usual spending patterns. In such cases, it's advisable to contact the bank or credit card issuer to verify the transaction and resolve any issues.
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• Feb 19, 2022 · 3 years ago
  Another reason for Apple Pay declining when used for buying cryptocurrencies could be insufficient funds in the linked bank account or credit card. It's important to ensure that there are enough funds available to cover the transaction before attempting to make a purchase. Additionally, some banks or credit card issuers may have specific restrictions or limitations on using Apple Pay for cryptocurrency purchases, so it's worth checking with them for more information.
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• Feb 19, 2022 · 3 years ago
  At BYDFi, we have observed that Apple Pay transactions for buying cryptocurrencies can sometimes be declined due to the platform's risk assessment algorithms. These algorithms analyze various factors such as transaction history, user behavior, and security measures to determine the likelihood of fraud or unauthorized activity. If a transaction is flagged as high-risk, it may be declined to protect the user's funds. In such cases, we recommend using alternative payment methods or contacting Apple Pay support for further assistance.
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