Failed payment- bank denies payment

The bank is denying payment for an order I placed. Paypal shows there has been 2 attempts for payment the same day and both of them the bank denied. I am having problems with my card and trying to cancel my order just in case but am not able to do so. I spoke to 2 different paypal workers and was told 2 different things. One said paypal will continue to attempt payment, the other says now that there has been 2 attempts already it will not try again and will be automatcally cancelled. Which one is it? Will they try to attempt again, how may times and when.

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