Are you curious to know why Osko payments get rejected in Australia? Read through the article to learn.
We will first show you what happens when you lock your PayID.
What Happens When You Lock A PayID
When you lock a PayID, you disable the PayID from receiving payments.
You can still receive payments to your BSB or account even when you lock your PayID.
Now that you know what happens with locked PayID, we will go ahead and show you some of the reasons why Osko payments get rejected in Australia.
Why Do Osko Payments Get Rejected
Osko payments could be rejected because of the following reasons:
1. First, the BSB or account number used may be incorrect.
If the account number you have entered to send money to is invalid, the payment will be rejected.
2. The recipient’s account or financial institution may not accept Osko payments.
Payments can only be transferred to Osko enabled accounts, so it will be denied if the payee does not bank with an enabled bank.
3. The PayID entered may be incorrect.
PayID may be a mobile phone or an email address, and if you enter the wrong one, the payment may be rejected.
4. There may be an issue with the system.
Osko payments, just like any other technological system, experience technical problems from time to time, so you should relax a bit and wait for your bank to solve any issues.
These are the common reasons why Osko payments get rejected in Australia.
Now that you know the reasons for payment rejection, we will show you what you can do when your payments get rejected.
What To Do When Payments Get Rejected
When payments get rejected, you should double-check if the payee details are correct.
Confirm if the PayID or the BSB account entered is correct.
Verify if the payee is set up to receive Osko payments by checking if their financial institution is Osko enabled.
In case of any technical issues, contact your bank immediately to solve any problems.
You can also visit your bank branch to get help if your payments get rejected.
This is all the basic information you need about rejected Osko payments in Australia.