Why Are Laso Finance Prepaid Cards Not Accepted by Some Merchants?
Many customers wonder why their Laso Finance prepaid cards are declined for specific transactions. This is often due to merchant policies and restrictions rather than issues with the card itself.
Merchant Policies on Prepaid Cards
Merchants sometimes impose restrictions on prepaid card payments. These policies are typically put in place due to concerns about high fraud risk associated with prepaid cards. As a result, certain types of transactions are blocked by the merchants.
Common Scenarios Where Prepaid Cards Are Declined
Here are a few common examples where Laso Finance prepaid cards might not be accepted:
Digital Advertising Platforms (e.g., Google Ads): Certain platforms, such as Google Ads, do not accept prepaid cards. This is a general policy applied to all prepaid cards, not just those issued by Laso Finance.
Phone Number Purchases and Verification Services: Services like purchasing phone numbers (e.g., NumberBarn) or completing account verifications often block prepaid cards. This is due to stringent risk controls implemented by these merchants. The decline occurs on the merchant's side rather than being initiated by Laso Finance.
Why These Restrictions Exist
Fraud Risk: Prepaid cards are more susceptible to fraudulent use, leading merchants to establish stricter acceptance policies.
Merchant Risk Controls: Businesses often use automated systems to assess transaction risk, and prepaid cards may automatically trigger a decline under these controls.
Important Note
In most scenarios, the transaction declines are beyond the control of Laso Finance. These are decisions made by merchants based on their risk management protocols. By understanding these restrictions, you can plan your transactions accordingly and explore alternative payment methods where necessary.