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Your purchase has not been completed. Your credit card information has been declined by your credit card company due to insufficient funds in the account.
Note that in some cases, your credit card company may put a 'hold' on funds in your account, but you will not be charged.
I have fund's on my card, it's a debit card not credit and it's a Mastercard, so im assuming it's international, since the same card works on PSN and Takealot etc
Contact your bank and ask why you cannot use debit card on Steam.
I have since Im able to use other services that operate overseas, like Amazon, Rooster Teeth Store etc without issues.
I checked about any problems or limits, Im still well within my limit and havent done many purchases either
I did, theres no problem on their end at all they said, since im able to use it with all other services, just not steam