How To Get A Failed POS Payment Reversed To Your Bank Account 2022.

Failed POS Transaction? See How To Get A Failed POS Payment Reversed To Your Account; Common POS Errors Meanings

Paying for goods bought with your card is probably one of the easiest things to do these days. I mean – choose account type, enter PIN, and off you go! For most Nigerian banks, you can do transactions up to 1 million naira worth daily via the Point of Sales machine. You can also ask your bank to increase that for you as well.

It, however, becomes an issue if the device keeps coming up with “FAILED” responses while also debiting your bank account. Everyone becomes confused, some argue when the merchant refuses to release the goods – where do we go from here?

This article will assist with information on why transactions fail, POS failed transaction refund, give us a step-by-step guide on what to do in situations like this and how to get our money reversed after a failed POS transaction.

Reasons for Failed POS Transactions

Failed POS Transaction, See How To Get A Failed POS Payment Reversed To Your Account; Common POS Errors Meanings

Paying for goods bought with your card is probably one of the easiest things to do these days. I mean – choose account type, enter PIN, and off you go! For most Nigerian banks, you can do transactions up to 1 million naira worth daily via the Point of Sales machine. You can also ask your bank to increase that for you as well.

It, however, becomes an issue if the device keeps coming up with “FAILED” responses while also debiting your bank account. Everyone becomes confused, some argue when the merchant refuses to release the goods – where do we go from here?

This article will assist with information on why transactions fail, POS failed transaction refund, give us a step-by-step guide on what to do in situations like this and how to get our money reversed after a failed POS transaction.

Reasons for Failed POS Transactions
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POS transactions fail for different reasons. These reasons are usually printed on the “failed” advice printed after the ill-fated transaction. Here is a list of POS transaction error codes and what they mean:

That's not all keep reading to the end via the link below.

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