Here are the common reasons for reversed transactions:
- Merchant reversal
- The payment may be reversed if the merchant cancels the transaction or fails to claim the funds within 8 days.
- Contact the merchant for more details or to resolve any issues.
- Do note that they may charge you again at a later date.
- Pre-Authorisation payment
- Pre-authorisation payment is common for transactions related to transportation, car rentals, or accommodations.
- The pre-authorised amount may be reversed to your account and the final transaction will be processed later once the merchant calculates the final amount.
- This process ensures that the correct amount is charged for services rendered.