Each time you use our Bitrefill Card, whether to make a purchase, receive a deposit, or interact with your bank, your account records the activity in a specific transaction type.
Knowing what each type means can help you better track your spending, monitor your available balance, and detect any unusual activity.
Below is a breakdown of the most common debit card transaction types and what they represent:
- Settled Transaction
A Settled Transaction is a completed purchase or payment made using your card. The funds have been successfully deducted from your account, and the merchant has finalized the charge.
- Pending Transaction
A Pending Transaction is an authorization hold placed on your account after you make a purchase or payment with your card. The amount is temporarily deducted from your available balance but has not yet been finalized by the merchant. It typically clears within a few business days.
- Declined Transaction
A Declined Transaction occurs when a card payment is not approved. This can happen due to insufficient funds, incorrect card information, card expiration, fraud protection measures, or network issues. No funds are withdrawn when a transaction is declined.
- Confirmed Deposit
A Confirmed Deposit is a completed deposit transaction where funds have been successfully credited to your account. The money is fully available for use.
- Pending Deposit
A Pending Deposit indicates that a deposit is in process but not yet finalized. The funds may not be immediately available until the deposit clears, which can depend on factors such as on-chain confirmations (depending on the deposit method used) and review/processing times from our card issuer partner. In most cases, deposits are confirmed within 24 hours.
- Reversed Deposit
A reversed deposit occurs when a previously initiated deposit is not accepted by our Bitrefill Card partner. This can happen if the deposit method used does not pass our card issuer partner’s review or if the transaction does not meet their internal processing criteria. These decisions are typically made during routine review procedures, which include blockchain data assessments, as legally required for all transactions. If this occurs, we will contact you to request a refund address so the funds can be returned.