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Any new payment method needs to be verified first.
Contact Steam support: Reach out to Steam's customer support to inquire about the specific reason your debit card is on hold. They will be able to provide you with more information and assist you in resolving the issue. You can usually find their contact information on the Steam website or within the Steam client.
Verify card with Steam: Steam might require additional verification steps for certain payment methods. Check if there are any pending verification requests from Steam in your email inbox or within your Steam account. Follow the instructions provided to complete the verification process, if required.
Try an alternative payment method: If the issue persists and you need to make a purchase on Steam urgently, consider using an alternative payment method, such as PayPal or a different credit/debit card, if available to you.