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Or maybe it’s maxed out the creditlimit. If it’s a debit card, bank account or prepaid card, maybe there aren’t enough fundsavailable for the purchase. A shopper finds you online, finds a product to buy, fills their cart and hits the checkout button. Transaction declined. Maybe the card has expired.
Some fraudsters are looking for a quick return on their investment and simply transfer availablefunds to accounts in their control – often through the use of networks of money mules. What happens next varies. Other fraudsters are playing a longer game, looking to leverage the account they have taken over to maximize gains.
CreditLimit The maximum amount that a cardholder can charge within their credit range. D Debit Card A payment card that enables the cardholder to withdraw funds from their bank account or make purchases with fundsavailable in the account.
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