Since miners collect gas fees paid by the sender, they usually look for transactions with the highest gas price to approve first. That is why lower gas price transactions take longer to process. In a pool of many transactions, some transactions with the lowest gas prices never get picked up - miners are not willing to process them. It results in them getting “stuck” in a pending status.
Note:
Pending transactions can also appear on your wallet, but upon checking the details it does not show anything on the blockchain explorer 2.0k (See image below).
For cases like these, you would need to Re-Import 2.5k you wallet.
What can I do if my transaction is stuck?
Option 1: Wait for it (recommended)
If you are not in a hurry, then you can just let the transaction go through on its own. Eventually, the network will be less congested and miners will pickup your transaction. The only downside is that there is no specific timeframe on how long the network will be less congested or when the miners decide to process the transaction.
Note:
You can tap on More Details to see the actual progress of the transaction. Do not send the same transaction over and over again, as this might cause errors or loss of funds.
Option 2: Cancel the transaction
In order to cancel a transaction, you need to do the following. Click on the pending transaction and find a field called nonce on the screen. Record the value in that field (a number).
Start a new transaction. In the “Recipient address” put your own public wallet address (the same one you are sending the transaction from). For the “Amount” put in 0 ETH.
On the next screen, click the “gear” icon in the top right corner, scroll down and replace the nonce value with the value recorded earlier. Set a high gas price. Confirm the transaction.
This process will create a new transaction that will override the pending transaction and cancel it out.
Option 3: Recreate or resend the transaction
Note:
This is a bit more complex than just cancelling a transaction. Proceed at your own risk.
The order of processing of transactions is determined by the value called “nonce”. If you want to resend the transaction that is “stuck”, you need to determine its nonce value and create a new transaction with the same nonce value.
First, look for the oldest pending transaction. Tap on the pending transaction to get an overview of it. You will find in this screen the Nonce value. Take note of the number as this will be used later.
Next, create a new transaction (with your original “Recipient address” and amount). On the confirmation screen click the “gear” icon in the top right corner, scroll down and replace the nonce value on the screen with the value recorded earlier. Set a high gas price. Confirm the transaction.
Important:
If the transaction you are trying to speed up is a smart contract transaction like for a token send or swap, you need to make sure that the Transaction Data field is properly filled up.
FAQs
A pending transaction is a recent card transaction that has not yet been fully processed by the merchant. If the merchant doesn't take the funds from your account, in most cases it will drop back into the account after 7 days.
How to fix your transaction cannot be completed because you have another pending? ›
Ways to Fix Steam Pending Transaction Error
- #1) Cancel Pending Transaction.
- #2) Check If the Website is Down.
- #3) Disable Proxy and VPN.
- #4) Use Another Payment Method.
- #5) Check Network Connection.
- #6) Check if the Bank Server is Down.
- #7) Contact Steam Support.
A pending transaction is a recent authorised card transaction that is waiting to be processed by the merchant and can take up to 28 days but normally takes 2/3 days to clear onto your balance.
Why do I have a transaction in pending as well as a completed transaction on my account from the same merchant? ›
Certain merchants, such as internet companies, may authorise a charge when you place an order. The merchant may then authorise your Card again when the amount is due. In these instances the charge may appear twice in Pending Transactions but will be billed to your Account only once.
Does pending mean it went through? ›
Pending transactions are transactions that haven't been fully processed yet. For example, if you make a purchase with a debit card or credit card, it will almost always show as pending immediately when you view your account online or in a mobile banking app.
Does freezing your card stop pending transactions? ›
If I have a pending transaction when I freeze my card, will the transaction be paid? Yes. Transactions which have already been authorised will clear. It is only from the point that the lock is put in place that a initiated transaction will be declined.
How do I fight a pending transaction? ›
How do I stop a pending debit transaction? You can stop a pending debit card transaction by contacting the merchant and canceling the purchase. Or you can try contacting your bank if you don't recognize the transaction, you suspect fraud is involved, or the merchant is unresponsive.
Can banks override pending transactions? ›
Sometimes you may want to cancel a pending transaction as quickly as possible. This can be the case if the hold is placed on your debit card and, thus, your bank account. Unfortunately, it's not very easy to do—your card issuer has no ability to cancel or otherwise alter the transaction until it's been finalized.
Why won t my transaction go through? ›
There are a number of issues that could result in a debit card decline. For starters, you could be mistaken about your balance, or you may have reached your daily limit for withdrawals. The bank may feel the transaction is suspicious, based on your purchase history. Technical issues may also be to blame.
Does pending transaction mean the money already been taken out? ›
A pending transaction on your bank account means your bank is processing a purchase you made, a bill you paid, or a deposit that's heading your way, but it hasn't been completed yet. Either the payment hasn't been sent to the vendor yet or the incoming funds haven't cleared, although they are in process.
Often, a debit card purchase is posted within 24 hours instead of days, as may be the case with a paper check. That means there would be little time to make a deposit to cover a purchase, if necessary.
Can a transaction be both pending and posted? ›
Credit Card transactions may temporarily show as a Pending and Posted Transaction at the same time. This has no effect on your Current Balance or Available Credit, and this does not mean that you will be charged twice. You will only be charged for the transaction once it is posted.
Why are so many bank transactions pending? ›
Why is a transaction pending? Merchants take time to run checks before confirming and processing your purchase to ensure you have enough money in your account to complete the transaction, and that your card is valid. Pending transactions occur nearly every time you spend on your debit or credit card.
How long can a bank hold funds? ›
Deposit holds typically range from 2-7 business days, depending on the reason for the hold. For deposits made on weekends, funds are considered deposited on Monday (the first business day), so the hold will go into effect the next business day (Tuesday).
How to fix your transaction cannot be completed because you have another pending transaction for one or more items in your cart? ›
Cancel other pending transactions
Click the Account details option. Then click the View purchase history option to open a list of Steam transactions. If there are multiple pending purchases, select one of the pending purchases. Then select the Cancel this transaction option.
How do I fix a pending PayPal transfer? ›
Check that you sent the payment to the correct email address or phone number. Or the recipient may need to set up a PayPal account or verify their account for the payment to complete.
