Tag: chargeback reason codes
Chargebacks are identified by a code specifying the reason a transaction is disputed; listed here are MasterCard's chargeback reason codes....
Visa uses Reason Code 71 to designate chargebacks that result from processing credit card transactions for which authorization was declined....
Chargeback Reason Code 70 is issued when a transaction is below the merchant's floor limit and the account number is listed on the exception file....
Chargeback Reason Code 83 is issued for processing a payment, which the cardholder either did not authorize or did not participate in....
Visa uses chargeback Reason Code 81 to designate chargebacks caused by processing card-present transactions where required account information is missing....
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