A method for restricting a payment from an account based on a user location includes receiving at least one payment location restriction for an account from a user device over a network. The at least one payment location restriction includes at least one authorized user location or at least one unauthorized user location for making payments using the account. The at least one payment location restriction is associated with the account in a database. A request to make a payment using the account is received over the network. A current user location is determined. The request to make the payment is then authorized or denied based, at least partly, on whether the current user location is included in the at least one authorized user location or the at least one unauthorized user location.