METHOD AND SYSTEM FOR PROCESSING DECLINED TRANSACTIONS

A method for processing declined transactions is provided. A transaction decline notification for a transaction performed by a user is received in response to a first authorization request that is communicated to an issuer server. If a credit score of the user is greater than or equal to a threshold value, a data element of the first authorization request, indicating a transaction amount of the transaction, is modified to generate a second authorization request. The modified data element indicates a first amount that is lower than the transaction amount. The second authorization request is communicated to the issuer server and a transaction approval notification is received in response to the second authorization request. The transaction approval notification overrides the transaction decline notification and indicates that the transaction is approved by the issuer server, thereby making the transaction successful.