7: Defective goods and services: C32: RM: 13. Reason. CHARGEBACK REASON CODESThis chargeback reason code can be avoided by ensuring that returns are processed promptly and accurately, and that the customer is informed of any credits issued. Specifically, these updates only pertain to transactions that are charged back after Oct. There are several types of chargeback reason codes that can be used, including the following: 1. The merchandise was as described or was not defective. Once filed, the merchant generally has 20. A reason code or a chargeback reason code is a string of symbols (numbers and letters). Reason Code 12. 4807 – Warning Bulletin File. either cash, by check or another. To determine the problem, you need to examine customer interactions, transaction details, and business practices. 0 initiative to update compelling evidence requirements for dispute reason code 10. What Are the Different Chargeback Reason Codes? There are over 100 chargeback reason codes. But, merchants should be aware that, eventually, everyone will be required to use the new designations. A risk department can accurately analyze what the issue is with their merchant by seeing the individual reason code,” Cirone explained. Always ask for authorization regardless of the transaction amount. The client will send this dispute to Paymentology’s Global support team via email – support@paymentology. As soon as a customer requests a chargeback, their bank will reach out to the business’s bank and give them a heads-up that the chargeback has been requested. 634. This chapter covers how to find the real reason for a chargeback – including the three basic causes that are behind every single claim. ”. A dispute often has a reason code associated with it. So the company has more incentive to side with customer during cardholder. 3 falls under the “Consumer Disputes” category. A truly effective chargeback management strategy must encompass prevention as well as disputing cases of friendly fraud. 2 address the specific dispute reason with the documents you send. Terms and conditions. ONE reason code is an alphanumeric code selected from a fixed list by the issuing bank to indicate the reason of cardholder gave for requesting a chargeback. Chargeback Reason Codes Fraud – Card-Not-Present (CNP) Network Reason Code Bank Initiation Timeframe Accel 81 120 calendar days from transaction processing date American Express FR2, F14, F24, F29 120 calendar days from transaction processing date Discover 4752 AA, 7030 UA02 Within 30 calendar days from the close date of the TRR To help simplify things, we’ve compiled a list of chargeback codes used by the four major card networks: Visa, Mastercard, American Express, and Discover. Key-in your chargeback reason code and get a detailed explanation of what it means, how to fight the chargeback, and how to prevent disputes in the future. 10. If one of your customers issues a chargeback through their bank, you have the chance to dispute it and win back the funds. This list was generated 5/4/2022. This means the cardholder claims that they paid for their purchase with a different payment method, but the merchant charged their credit card anyway. com 14. Review your credit card processor’s policies to understand its chargeback dispute process. ; Help Center Find answers to common questions about Midigator’s technology,. Once filed, the merchant generally has 20. Because it’s so easy for customers to initiate a chargeback, retailers are bound to experience a request at some. About Us; Careers We're hiring! In The Press; Latest News; Events; Corporate Responsibility; Brand Resources; Contact Us. Responding to Mastercard Reason Code 4853 Chargebacks. 3 DUE DATE American Express chargeback reason code C31 falls under the “Card Member Disputes” category. ; Resources. 3: Not as Described or Defective Merchandise/Services A chargeback reason code is a 2-to-4-digit alphanumeric code provided by the issuing bank involved in a chargeback, which is meant to identify the reason for the dispute. 0. Include any terms relevant to the transaction, including return, cancellation and. 4853 – Cardholder Dispute – Credit Not Processed. 4 applies to eCommerce, whereas code 10. 2: Cancelled recurring transaction: VCR Dispute Reason Code 13. Mastercard Chargeback Reason Code 71: Disputed Amount. • Chargeback – a message sent via the card brand network to debit the merchant and credit the issuer for a cardholder dispute. Under Set Order Status, select None, Refund, or Chargeback. This will be referenced in the chargeback notice you received. Yes. A chargeback is the potential outcome of a disputed credit or debit card transaction. Try Shopify free for 3 days, no credit card required. 104. American Express Chargebacks / Disputes. 4: Other fraud: Card-absent environment: VCR Dispute Reason Code 13. Time limits vary by card network and reason code, though, so you should look into the specific terms tied to the reason code. Visa’s process introduces four dispute categories and associated numerical labels (Fraud – 10, Authorization – 11, Processing Errors – 12, Consumer Disputes – 13) under which the renamed reason codes will be placed. Discover uses unique codes to explain those reasons to merchants. George goes to a convenience store and buys a sandwich. Your business may not have to handle all chargeback cases — the processor will provide automatic representation in some instances. C14: Paid By Other Means: 120: Processing Errors: Amex: C18: Cancelled Trans / No Show: 120: Cardholder Dispute: Amex: C28:Stage 1: First Chargeback. Chargeback reason code 4853 can be used to indicate disputes where the cardholder simply claims that the merchant never delivered on what was promised. WEX has repurposed chargeback reason code 10 to indicate EMV chargebacks. 3: Goods or services were not received: C08: RG: 4855: 13. Knowing these codes can help you dispute chargebacks more effectively. If you did not receive the email, open Mave, Wave’s automated chatbot, and. Dec 6, 2021 — Betty's bank issued the chargeback for $9. EFM MONTHLY CRITERIA NUMBER OF E-COMMERCE TRANSACTIONS FRAUD CHARGEBACK AMOUNT FRAUD CHARGEBACK RATIO BASIS POINTS (BPS) 3DS UTILIZATION (EMV 3DS + DATA. Understanding these codes is essential because they'll guide your response strategy. Chargeback reason codes have changed. Each chargeback reason code has its own set of specific documentation requirements so merchants should familiarize. Fraud (10)& Authorization (11)Here’s how reason codes make it easy for you to check the status of your disputes or chargebacks: Mastercard Chargeback Reason Codes Demystified. Disputes related to Chargeback Reason Code 93, “Merchant Fraud Performance Program”, are excluded from program monitoring. In the world of chargebacks, card networks almost always side with cardholders. Provide Explanation Give a clear overview of the documents you’re submitting, address the specific dispute reason, provide any changes made to the original purchase/agreement and explain the steps you’ve taken to resolve the dispute. Batch chargeback process. The chargeback process can last from one month to six months. For best results, your chargeback win rate should be as close to 100% as possible. Poor order fulfillment: Late order fulfillment or billing for an order before shipping the goods. American Express chargeback reason code C14 falls under the “Card Member Disputes” category. Merchants who believe they have received an invalid chargeback under reason code 13. This can provide important information to fight the dispute. Everyone has had the experience of buying. Message. Merchant must provide proof of authorization. A chargeback filed due to buyer’s remorse is a prime case. These symbols stand for reasons why a financial institution may file a credit card chargeback from their client’s name. 00 EUR as a Withdrawal fee. Additionally, Amex uses a fifth "Miscellaneous" category. 18167 US Highway 19 N Clearwater, FL 33764 877. Check with the issuing banks to determine what time limits may apply to you. 3 is an updated version of legacy Visa reason code 72, which was phased out under the Visa Claims Resolution initiative. 2. Common Point of Purchase: Data stolen from a merchant’s system is used to make fraudulent transactions. Time Frames by Chargeback Type and Reason Code. Chargeback Reason Codes; BIN Lookup; ROI Tool; Company. For merchants at risk of exceeding important chargeback thresholds, this cost is often well worth it. If you receive a chargeback, it is imperative to review the provided reason code so you can take actionable steps to avoid future chargebacks, especially for the same reason. High Level Visa Chargeback Dispute Flow. In simple terms, an Electronic Commerce Indicator (ECI) is basically a 3-D Secure response code. Code Reason; 01: Requested Transaction Data Not Received: 02: Requested item illegible: 07: Warning Bulletin File: 08: Requested/Required Authorization Not Obtained: 12: Account Number Not on File: 31: Transaction Amount Differs: 34:“Visa has 28 different reason codes. MASTERCARD. Process a canceled guaranteed reservation properly. Take, for example, a reason code 4853 chargeback claiming that merchandise or services ordered were not received. Check the chargeback reason code. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. Reason Codes 74. About American Express chargeback reason codes. While the updates have been published, they do not go into effect until Oct. New Visa CE 3. Not only that, but a higher win rate may incentivize banks to conduct greater due diligence before filing a chargeback in the future. The post below contains legacy information pertaining to the formerly-common Visa chargeback reason code 75. Chargeback Reason Codes; BIN Lookup; ROI Tool; Company. If they think it does, they assign it a reason code and credit the funds back to the cardholder’s account. without a reason code will be assigned a default code of 1. Additionally, Amex uses a fifth "Miscellaneous" category. American Express Chargebacks / Disputes. While Apple Cash transactions are ineligible for conventional disputes, you can dispute Apple Card transactions. A chargeback happens when a customer asks their card-issuing bank to reverse a transaction. Chargebacks911® can help your business manage all aspects of chargeback reason codes, using proprietary technologies and experience. An issuer can initiate a first chargeback when the circumstances of the transaction meet the requirement of a chargeback reason code described in the Chargeback Guide. 3 Fraud – Card-Present Environment. For example, the merchant bills the cardholder in installments. Some common Visa reason codes include: 10. Authorization Reason Codes. Here’s how your store can prevent and deal with chargebacks. Reasons why chargebacks happen. This means that it will require merchants to provide evidence supporting their claim that a transaction was authorized by the cardholder. If one member believed the other violated a Visa rule when handling a chargeback, they filed a pre-compliance chargeback for compensation. The Mastercard chargeback reason codes were condensed down in 2016, like the process that Visa just underwent with Visa Claims Resolution. The average chargeback fee is around $25. You can learn more about each one by visiting the Mastercard Chargeback Guide. A major reason is that TC40 reports do not account for delivery failures or product quality disputes. Discover Chargeback CodesMDR also retired reason code 4840 – Fraudulent Processing of Transactions. Reason Code 81: Fraud. It should ultimately help prevent fraud and unwarranted chargebacks, specifically applying to disputes marked with a Visa reason code 10. Paymentology will submit the chargeback using the appropriate chargeback reason code. Here’s a comprehensive list of Mastercard chargeback reason codes that you might see on your screen: 4807: Warning Bulletin File. Mastercard uses reason code 4842 for late presentment chargebacks, but the conditions are considerably more complex. Visa uses chargeback Reason Code 86 to designate chargebacks resulting when the card issuer receives a written complaint from the cardholder stating that the payment for the transaction at issue was made by other means, not with the credit card that was charged. many chargeback reason codes that exist today. And according. We’ll send you a notification, request for relevant information, and temporarily hold the transaction funds. For a Mastercard late presentment chargeback to be valid, all the following conditions must apply: The cardholder’s account must be permanently closed. With an eCommerce transaction, 3-D Secure technology works like an online PIN code. 4 spec (Section 8. A chargeback happens when a customer requests for a transaction to be reversed. Make sure you differentiate between card-absent and card-present transactions during clearing by noting internet phone, or mail orders. The bank or credit union then conducts an investigation to ascertain the validity of the dispute. Luckily, our reason code directory makes is a bit simpler to make sense of issuer codes. United States. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. 2 applies when a cardholder claims that a transaction was actually paid for using an alternate method—not the Visa card in question. EMV Liability Shift Non-Counterfeit Fraud. Reason Codes A chargeback reason code is a distinctive two-to-four-character combination of letters and numbers issued by the involved bank to identify why a dispute was initiated. e above 0. 0 hour of labor. As we touched on earlier, chargebacks can happen due to technical errors. Merchants have 20 days to submit supporting documents if they choose to challenge the dispute. Unauthorized returns (R05, R07, R10, R29, R51): 0. Based on the information provided, Paymentology will investigate the transaction being disputed. This is commonly caused by either true fraud or friendly fraud. About American Express chargeback reason codes. Maestro. Those reasons are explained through the corresponding reason codes. Click on “report a problem” and select the transaction in question. Every chargeback comes with a reason code. The shorthand description is “Incorrect Account. However, it's advisable to respond to whatever reason code you received from the bank. A chargeback can be initiated up to 120 days—but not more than 540 days—of one of the following events: The date the transaction was processed. About Us; Careers We're hiring! In The Press; Latest News; Events; Corporate Responsibility; Brand Resources; Contact Us. Visa Merchant Official Documentation. There are several useful benefits of chargeback prevention alerts: Reduce chargeback rates by about 20-30% to help prevent chargeback threshold breaches. Standard Threshold: Reaching a chargeback ratio of 0. For MasterCard reason code 4853, provide documentation to support that the chargeback is remedied or invalid through one of the following: The transaction was not a recurring transaction. UA02 Fraud – Card Not Present Transaction. Cardholders can dispute digital goods transactions of $25 or less (or the equivalent in local currency) if certain purchase controls were not put. Unfortunately, the final decision in such cases comes down to the issuing bank, and not all. That said, looking up purchases using this number can make it easier to provide info following an. 1 Chargeback reason codes. Preventing Mastercard Reason Code 4837 Chargebacks. Issue a refund because they don’t accept returns, but they failed to communicate this policy to the customer clearly. About American Express chargeback reason codes. All ACH return reason codes consist of the letter “R” followed by two. The date the services were cancelled. C05 = Goods/Services cancelled. VCR tables (Figures 1 and 2) map the old Reason Code to its new Reason Code. Step 2: Find your case. To do so, you should open your Wallet app and tape “Apple Card. Declined Authorization Authorization Visa Code: 11. Discover chargeback reason codes are divided into three categories: service disputes, processing errors, and fraud. 6: Credit not. Then, they charge the merchant this credit amount to compensate for the bank’s loss, plus a. It can range from 60 to 120 days from the billing date. Steps to Prevention. Mastercard also considers some chargeback reason codes to be indisputable. CODE: DESCRIPTION: A01: Charge Amount Exceeds Authorization Amount. One of two things will happen next. Dispute Best Practices Guide Overview This guide includes: An overview of authorization and transaction processing An overview of retrievals and chargebacks Reason code guidelines for all. There are multiple situations in which this can occur. You’ll put that reason code, the transaction amount and authorization number, and state that the. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. The network hasn't wholly disallowed some old codes. GraphQL Docs & Tools. Customer Dispute. A reason code is how banks categorize the reason for a chargeback. Reason code 53 is typically used when a cardholder received merchandise or service that was defective, damaged, or not as described, while reason code 85 is used when credit was not processed to the. 4 – Other Fraud – Card Absent. Cause The merchant Failed to void multiple transactions. #9. However, the 30 day waiting period can be waived if you’ve. com Europe. Legacy code as currently displayed in the AWC. If you don’t reply in time or with . Use fallback options—like manually entering transaction data—as a last resort. During this process, the representative of the institution examines the reasons’ list. C14: Paid by Other Means: None: Card Member Disputes: C18 “No Show” or CARDeposit Canceled: None: Card Member Disputes: C28: Canceled. Here’s how. This Chargeback Reason Code has to do with all. All cardholder data must be encrypted, truncated, or tokenized; account numbers can only be partially displayed. Specify the invoice date and net due date to assign to chargebacks. 4 Updated Discover chapter for April (2012) Enhancements Chapter 2 1. Typical chargeback reason codes are: DA: Disputed amounts DD: Unearned (disallowed) discount amount Note. Chargeback reason American Express reason code Discover reason code Mastercard reason code Visa reason code; Cancelled subscription: C28: NF: 4841: 13. 1 is the successor to the older reason code 30, which was replaced as part of the Visa Claims Resolution initiative. For perspective, the next highest. 4859 Addendum, No-show, or ATM Dispute. 104. Mastercard Reason codes fall under four categories. The business has the chance to refute the chargeback. 4853 – Cardholder Dispute – Goods or Services Not as Described or Defective. Chapter 6: Visa Chargeback Reason Codes; Chapter 7: Chargeback responses; Chapter 8: Chargeback response templates; Chapter 9: Chargeback accounting; Chapter 10: Arbitration; Chapter 11: Fraud filters; How to Create the Best Chargeback Responses. Poor order fulfillment: Late order fulfillment or billing for an order before shipping the goods. M49 Vehicle Rental – Theft or Loss of Use. 11/03/15 Updated these MasterCard. Reason code 98 was a code used for pre-compliance chargebacks before the implementation of the Visa Dispute Resolution system. In this instance, the cardholder claims a misrepresentation of the order they received, such as a defect, damage, counterfeit, or incomplete merchandise. Visa chargeback codes are broken up into four categories: Fraudulent activity; Authorization issues; Processing errors; Customer disputes; Fraudulent activity American Express chargeback reason codes, much like Discover, bear one important difference from those under Visa and Mastercard: the issuing bank is also the card network. 2 falls under the “Processing Errors” category. The reason_code will be one of the following values: chargeback_reimbursement: The gross shows positive if the chargeback was resolved in the seller's favor, and the seller gets a refund. This means the. This scenario applies when the arbitration was raised by either the. Some credit card companies also include a short phrase describing the code and chargeback. Next, you can log in to your PayPal account and click on Open Cases in the Resolution Centre. Proof you have already refunded the transaction and credited the cardholder’s account. 1Chargeback reason codes. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. 2. WEX began issuing chip cards in Q4, 2020. Chargebacks911® can help your business manage all aspects of chargeback reason codes, with proprietary technologies and experience. 2: Canceled Recurring Transaction 13. This reason code means that the cardholder claims that they were billed for lodging services that they had already canceled. In general, the unauthorized use of a parent’s credit card by a child is not considered a legitimate reason for filing a chargeback, since it is not criminal fraud, and the customer received the purchased goods or services. They are provided to the merchant by the issuing bank, and they help all involved parties categorize disputes and determine next steps. Each card network maintains reason codes to cover all the disputes that qualify for. The most common cause, though, is that the cardholder initially paid for a transaction with a Visa card, then decided to use. The reason code also presents a timeline to fight the chargeback and what evidence is needed to reverse the chargeback. Visa chargeback reason codes are used to categorize the reasons for a chargeback. Provide Explanation Give a clear overview of the documents you’re submitting, address the specific dispute reason, provide any changes made to the original purchase/agreement and explain the steps you’ve taken to resolve the dispute. One of three things will happen: The issuer rules in your favor: Your representment case validates the original transaction. Type. 1 Chargebacks A chargeback is a rules-based mechanism, with time-sensitive workflows, that enables the issuer and the acquirer to determine the financial liability of a disputed transaction. Use pre-sale fraud detection service providers that can help verify the cardholder’s identity, detect potential criminal activity, and reduce the risk of accepting unauthorized transaction. C02 – Credit Not Processed. The chargeback reason code provides distinctive information about the dispute category to both the acquirer and the merchant to help resolve the dispute. Fraudulent Activity. The sales receipt and/or date and amount of the authorization if other than the transaction date. The incorrect amount being charged. 2. What follows is a quick reference guide for all the current reason codes for each of the four major credit card networks: Visa, Mastercard, American Express, and Discover. It can range from 60 to 120 days from the billing date. Vantage HouseMastercard chargeback reason code 4853 falls under the “Cardholder Disputes” category. Other Fraud—Card Absent Environment. Response Cardholders and issuers have 120 days to file a dispute related to. Discover: Reason Code 4755 Non-receipts of goods or services. 2. Duplicate Processing - 81Depending on the chargeback, the required evidence might consist of transaction receipts, particular authorization response codes, proof of delivery, correspondence with the customer, or any number of other specific documents. Goods / Services Not Received or Only Partially Received C14 Paid by Other Means: Cardmember Dispute: 4750: Vehicle Rental - Capital Damages: Cardmember Dispute:. Get your complete guide to Mastercard reason codes, including all the detailed information, chargeback time limits, and other important information you need. Now, 10. Fraudulent TransactionsThe Electronic Fund Transfer Act is a piece of US legislation that requires banks to provide certain information to customers regarding electronic fund transfers (EFTs). The first two digits indicate what category the reason code falls under: 10 for Fraud, 11 for Authorization, 12 for Processing Errors, and 13 for Customer Disputes. The chargeback can be for the total transaction amount or a lesser amount. It’s typical to see fraud chargebacks roll in 2-3 months after the initial charges took place. 1? Chargeback reason code 11. But, it could be up to 540 days, in some situations. Consider using all the tools available to you—including Visa Secure, card security code (CVV2), and Address Verification Service (AVS). • Clarified support required to request a Chargeback Reversal for Cancelled recurring billing (ISO 4544/C28). Receive the Chargeback. Discover chargeback reason code 7030. However, a truly effective strategy must involve both prevention and disputing cases of friendly fraud. United States;. Visa chargeback reason codes. There are over 80 unique return codes, and each one represents a different type of return. Eventually the existing chargeback reason codes won't be used and will be removed from this guide. Mastercard Chargeback Reason Code 71: Disputed Amount. A customer payment dispute, more commonly called a “chargeback,” happens when a cardholder disputes (challenges) a payment card transaction and asks the card-issuing bank to reverse it. Inform your acquirer of the date that the credit was issued. Older time limits for disputes vary based on reason code; in many cases buyers have 120 days after a purchase to file a chargeback. American Express reason code 155, Visa reason code 30, MasterCard reason code 4855, and Discover reason code 4755 are all specific reason codes for Shopify payment chargebacks. Then they instruct the merchant’s acquiring bank to reverse the transaction and withdraw the funds from the merchant account. Through 2021, we. Solutions. Chargeback representment succeeds when you can present your rebuttal concisely and substantiate. It gets worse. We used 3DS to authenticate this purchase and obtained AVS and CVV match codes at authorization (page 2). The reason_code will be one of the following values: chargeback_reimbursement: The gross shows positive if the chargeback was resolved in the seller's favor, and the seller gets a refund. Timeframe: Under card network rules, a cardholder has up to 120 calendar days from the settlement date to initiate a chargeback (depending on the chargeback reason code). 2. The chargeback reason code. 1 chargeback: 1. We’ve all been there as an eCommerce owner: you excitedly ship out a $1,500 order to a customer, and then a few weeks later you’re notified that the customer has opened a chargeback dispute. Consider using all the tools available to you—including Visa Secure, card security code (CVV2), and Address Verification Service (AVS). Chargeback Reason Codes; Chargeback Rebuttal Letters; Credit Card Dispute; Visa Chargeback Reason Codes; Mastercard Reason Codes; CONTACT. Did not issue a credit, because it does not accept returns, but did not properly disclose its return policy. According to Nilson, 56% of global card transactions were done on Visa in 2015. Also, Ethoca Alerts only notify you of chargebacks that occur within the alert. Pursuant to the Fair Credit Billing Act of 1974, cardholders have the right to dispute unauthorized or erroneous charges, and issuing banks must reverse a disputed transaction if the cardholder’s claim. Get your complete guide to Amex reason codes, including all the detailed information, chargeback time limits, and other important information you need. ’Last updated: October 15, 2019 . Cancel a timeshare within 12 days of the receipt or contract date. September 2011: 5. A few other common reason codes for Visa include late presentment; non-receipt of cash from ATM; invalid data; EMV liability shift non-counterfeit fraud; no authorization; canceled merchandise and fraud related to stolen cards on the card recovery bulletin. However, for simplification, they are divided into eight categories: Fraudulent activity; Authorization issues;. Here are the most common: Fraud: When a purchase was made on a credit card without the authorization or consent of the cardholder. In both instances if the Merchant wishes to withdraw from an arbitration case, Visa will charge the amount of 500. To do so, they must provide evidence to the issuing bank that the. The Mastercard chargeback reason codes were condensed down in 2016, like the process that Visa just underwent with Visa Claims Resolution. ”. Vantage HouseEarly Warning: Reaching a chargeback ratio of 0. S. Steps to Prevention. Chargeback. Once filed, the merchant generally has 20. The diagnosis time and labor rates at auto repair shops vary depending on the location, make and model of the. Reason code 83 represents a chargeback categorized as. Clerical In addition to Reason Codes changing as a result of the VCR program, each Reason Code is now associated with a new Reason Category. See our Automated Clearing House (ACH) support article if you are looking for ACH Return Codes. We’ll send you a notification, request for relevant information, and temporarily hold the transaction funds. Credit card chargeback reason code: Type: Varchar; Unique: No; Blanks: Yes; Max length: 64 characters; Unique identifier which distinguishes the nature/reason of credit card chargeback reported. Reason Code North-America: Canada and United States of America; Reason Code: All other countries;. Chargeback Reason Codes List for Mastercard Chargeback Code Chargeback Reason 4801 Requested Transaction Data Not Received 4802 Requested / Required Information Illegible or Missing 4807 Warning Bulletin File 4808 Requested / Required Authorisation Not Obtained 4812 Account Number Not on File 4831 Transaction Amount Differs 4834 Duplicate. Chargeback Reason Codes by Industry. The shorthand description is “Paid by Other Means. Step 2: Customer initiates the chargeback. Learn more about Visa reason codes. Issuers can sometimes wait months after the chargeback to submit. The agency must provide this documentation to Vantiv (via mail, fax, online/scanning) within 30 calendar days after the report date on the Visa/MasterCard. Laundering: The merchant carried out transactions without a legitimate cardholder’s involvement. MasterCard: Reason Code 4859 Services not rendered. ” This code indicates the merchant waited too long to finish processing a transaction, and the account was no longer in good standing when the transaction was completed. At Visa they used to receive reason code 98. NOTE: Domestic Processing Violations are not a covered reason under new Visa chargeback codes. 1? Visa chargeback reason code 12. 2 – EMV Liability Shift Non-Counterfeit Fraud 10. 4860 Credit Not Processed. Here’s how your store can prevent and deal with chargebacks. It depends on the chargeback reason code associated with the dispute. Braintree Support Articles Chargebacks and Retrievals Chargeback Reason Codes All received credit card disputes include a reason code. Which is meant to know the reason for the dispute. Cause. The system does not accept blank as a value, even if it is defined in the user defined code table.