Payments can fail for a variety of reasons but usually it is because your bank has not authorized the transaction. If a payment fails but you're sure that you have sufficient funds, then you should call your bank and request that they allow the transaction.
You should also clear your browser's cached cookies after an unsuccessful payment attempt. If you're unsure how to do so please see the following article.
Article ID: 92, Created: May 28, 2012 at 4:42 PM, Modified: May 28, 2012 at 4:48 PM