Tag: chargebacks

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....

Visa and MasterCard use special reason codes for chargebacks resulting from processing counterfeit credit card transactions: 62 and 4862 respectively....