Tag: chargebacks
Reason Code 60 designates chargebacks resulting when the account number or amount on the sales receipt produced by the merchant is not legible....
Reason Code 53 chargebacks result when an issuer is notified by a cardholder that the merchandise that was received was not the same as described....
Chargeback Reason Code 41 designates chargebacks resulting from cancelled recurring transactions, which are particularly prone to customer disputes....
Reason Code 30 chargebacks result when an issuer is notified by a cardholder that a merchant is unwilling or unable to provide goods or services....
Chargeback is a transaction that is returned as a liability by the issuer to the acquirer and merchant after the associated sale has been settled....
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