Merchant processed transaction below floor limit without authorization. Jul 5, 2023 Visa Chargeback Reason Codes Explained Visa chargebacks can be a major inconvenience for merchants. Each chargeback comes with a code that designates the reason it was filed. This code indicates that the merchant sent an authorization approval request for a transaction, received a “Decline” or “Pick Up Card” response, and submitted the transaction anyway. See our Automated Clearing House (ACH) support article if you are looking for ACH Return Codes. This is Visa’s incentive for merchants to update to recommended terminal technology. Good news: Visa is working to improve the chargeback process by altering some of its rules regarding intentional cardholder misuse. For all other transactions, the maximum amount of. These chargebacks occur to resolve chargeback-related disputes between network members. While these sets mostly cover the same situations, the numbers and groupings can vary significantly. FR6 Partial Immediate Chargeback Program. Simply search for your Visa chargeback reason codes, and learn why the chargeback was issued. Friendly fraud was actually the #1 fraud threat concerning merchants in 2021. Thus, the easiest way to prevent chargeback reason code 75 from being. This reason code is used when a cardholder reports a fraudulent transaction and the issuing bank believes a counterfeit credit card was used in a card-present transaction. 3 is part of an updated and expanded revision of the legacy codes that indicated fraud, codes which were phased out under the Visa Claims Resolution initiative. Click below to request a free demonstration, and we’ll create a customized report showing exactly how much ROI you can expect. • Section 4: Chargeback Reason Codes— Contains detailed information on the reason codes for the most common types of chargebacks that merchants receive. 1: The chargeback time limits may be altered if the resources were assumed to deliver after the execution time period of the payment also. According to the customer, the product or service purchased was never received or used. Chapter 4: American Express Chargeback Reason Codes. 2 – EMV Liability Shift Non-Counterfeit. Merchant must provide proof of authorization. This reason is made visible to all parties involved. The same is true of all chargeback reason codes. 1, 13. 6. Explanation. If one member believed the other violated a Visa rule when handling a chargeback, they filed a pre-compliance chargeback for compensation. 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. At Visa they used to receive reason code 98. According to Nilson, 56% of global card transactions were done on Visa in 2015. Reason codes are alphanumeric codes that provide the justification for granting a chargeback. 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 is valid. This chargeback reason code was retired by Visa in April 2018. online) purchase. In simple terms, an Electronic Commerce Indicator (ECI) is basically a 3-D Secure response code. 1 - Card Recovery Bulletin; 11. 4846 — Incorrect Currency Code. Updated Visa Reason Codes. This is part of the reason Mastercard retired the code when it reshuffled its list of reason codes. Mastercard chargeback reason codes are four numerals without decimals. 5 Visa Fraud Monitoring ProgramVisa Reason Code 10. FR2 Fraud Full Recourse Program. For perspective, the next highest. 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 is valid. . The reason code used to describe the dispute will determine the chargeback time limit. Visa organizes chargeback reasons into six basic categories — non-receipt of information, fraud, authorization error, processing error, canceled or returned merchandise, and non-receipt of goods or services. This list was generated 5/4/2022. Some of these reason codes are specifically designated to apply to authorization-related issues. Check out the definitive leadership to all Visa, Mastercard, Amex, and Discover chargeback codes and get aforementioned info yourself need to protective is revenue. 0 program provide the same rules and policies for 3-D Secure 2. The specific decline code is meant to give a brief explanation as to why the issuer rejected the purchase. 2 Declined Authorization; 11. Information included in these reports can include: Merchant information, including name, location, MCC. 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 is valid. Complete Guide to Visa Compelling Evidence Update CE 3. 1001 - Cardholder does not recognize the transaction. Using our e-commerce fraud prevention tools, we help lower friendly fraud costs and chargeback rates, but also reduce gift card and coupon abuse, and promote secure login authentication. About Visa chargeback reason codes Reason codes are alphanumeric codes that provide the justification for granting a chargeback. Credit not processed. Use clear and consistent billing descriptors. About Visa chargeback reason codes. Visa uses a numeric scheme for its chargeback reason codes. PCI DSS v3. The code is used to help verify buyers during a card-not-present transaction. 5 – Incorrect Amount 12 . It was originally one of several possible scenarios covered by legacy Visa reason code 83. Consult the applicable network’s guidelines for examples of acceptable compelling evidence. st comply, to help ensure the security of confidential cardholder information. For each reason code, a definition is given, along with theStep #2 | Report the Scam to PayPal. One of these changes was an overhaul of Visa’s list of chargeback reason codes. Go to Midigator®. Reduced Chargebacks: Having the option to present evidence prior to a dispute has been shown to significantly reduce the number of friendly fraud disputes and false fraud claims. The current list of 22 Visa chargeback reason codes will be replaced with new values and grouped into four new categories of disputes: Authorization, Fraud, Processing Errors and Consumer Disputes. Reason codes are very crucial to assist. A risk department can accurately analyze what the issue is with their. The chargeback transfers funds from the acquirer to the issuer. 1 for Visa transactions, or reason code 4834 for Mastercard. 5 Visa Fraud Monitoring Program Authorization Reason Codes The Complete Chargeback Reason Codes List. Section 7: Chargeback Reason Codes: Detailed information on the rea-son codes for the most common types of chargebacks that merchants receive . Visa has four different common codes for fraud and nine for consumer disputes. It applies when a cardholder participated in an ATM cash withdrawal, but. Here the payment service provider is pulling funds from the cardholder. About Discover chargeback reason codes. Please see the below “cheat sheet” for the new 4 byte reason codes. Visa chargeback reason code 70 falls under the “Authorization” category. The shorthand description is “Incorrect Transaction Code. 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. American Express chargeback reason code C31 falls under the “Card Member Disputes” category. 13. Card Number:. the Airline cancelled the original ticket; That credit for duplicate charges was completed or multiple<br />. 2. ” This code indicates that the merchant sent an authorization approval request for a transaction, received a “Decline” or “Pick Up Card” response, and submitted the. CHARGEBACK REASON CODESTo avoid redundancy and confusion, we’ll use Visa’s chargeback reason codes as an example. A few select Mastercard chargeback reason codes have different Masteracrd chargeback time limits. What Are Chargeback Reason Codes? Chargeback reason codes are a set of numbers and letters indicating why a. The list of chargeback reason codes in this article is organized by card brand and type of dispute. Without 3D Secure Liability shift, it is difficult to challenge the dispute. Below is a list of chargeback reason codes from all of the following credit card networks: Visa Chargeback Codes Mastercard Chargeback Codes American. For your reference, here's a list of chargeback reason codes for Visa, Mastercard, Discover, and Amex. For example, 10. Visa Reason Codes. These codes explain the reason why the chargeback was filed, and the reason. The following are reason codes for the same scenario: Visa: Reason Code 30 Services not provided or merchandise not received. What follows is a quick reference guide for all. Older time limits for disputes vary based on reason code; in many cases buyers have 120 days after a purchase to file a chargeback. Search reason codes 2. This code applies when customers claim they never received the merchandise or services they purchased. Reason Code – 13. 3. Specifically, these updates only pertain to transactions that are charged back after Oct. 13. Common Point of Purchase: Data stolen from a merchant’s system is used to make fraudulent transactions. Reason Code 04. Visa’s Reason Codes follow a format of two digits, a period, and a third digit. If you wait too long. 4870 – Chip Liability Shift. 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. What is a reason code? 3. 5 Visa Fraud Monitoring ProgramThese reason codes are a standardized list of reasons that a customer and/or their bank may file credit card chargebacks. A new representment right to provide compelling evidence for specific chargeback reason codes. When a customer who's enrolled with 3-D Secure from their bank initiates a purchase, the tool will deploy during the. This would be filed using reason code 12. 4 Funding Process. 2, which specifically deals with transactions billed by other means. Fortunately, all major credit card networks provide clear information regarding chargeback reason codes. Network reason code is available on the dispute object. Chargeback. Visa chargeback reason code 75 is filed as an honest mistake. 4 chargeback by demonstrating at least one transaction in which the details matched the disputed transaction. It was originally one of several possible scenarios covered by legacy Visa reason code 83. 4,. Either the acquiring or issuing bank could initiate the. 8 — Original Credit Transaction Not Accepted. In the case of reason code 11. Section 2: Card-Present Transactions: Requirements and best practices. 13. Visa has developed a list of best practices to be used until any new global rules go into effect. 1: Card Recovery Bulletin: 11. Chargeback Code Chargeback Reason; 10. The platform is compatible with digital payment services such as Apple Pay, PayPal, and Visa Checkout. Except for Reason Code 75, the time limit is calculated from one of the following: Fraud chargeback reasons. ”. Fraudulent TransactionsIn 2016, Mastercard chargeback reason codes were condensed and consolidated, in a restructuring that resembled Visa Compensation Resolution. 3. There are several types of Mastercard chargeback reason codes, each with its own unique set of circumstances. 1 – Other Fraud – Card Recovery Bulletin 11. The latest edition of Visa’s core rules (effective April 2023) introduced Visa Compelling Evidence 3. 4: Other Fraud — Card Absent Environment: 10. The CTR is the number of Visa chargebacks received by the Acquirer for a Merchant in a calendar month divided by the number of the Merchant’s Visa sales Transactions in the same month acquired by that Acquirer. Either the acquiring or issuing bank could initiate the chargeback. Always ask for authorization regardless of the transaction amount. Reason Code 02: Common Point of Purchase: Account data is stolen from the card-present merchant and used with other merchants: Reason Code 03: Laundering: The merchant processed transactions that did not involve a bona fide cardholder: Reason Code 04: Excessive Chargebacks: The merchant breached predetermined chargeback. What is Visa chargeback reason code 12. It is a valuable resource for anyone involved in the payments industry. July 2011 Chargeback and Exception Processing Guide. 3 Incorrect Currency. 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. With the implementation of Visa Claims Resolution, reason code 98 eventually became obsolete. MasterCard uses four main categories to organize its reason codes: Authorization, Card Member Disputes, Fraud, and. In some cases it can be upwards of 540 days, though, depending on. United States; 18167 US Highway 19 N; Clearwater, FL 33764; 877. Prior to this, Mastercard’s list of reason codes was long, convoluted, and confusing; now there are fewer than ten different reason codes relevant to most merchants. Updated these Visa. Reason Code ≠ Reason Chargeback Reason Codes Visa 11. For the sake of simplicity and standardization, card networks like Visa have created a breakdown of the. Each of the major card brands, including Visa, Mastercard, and others, have their own system of reason codes. Depending on the specific situation, Mastercard will match authorization response to one of the following merchant advice codes: Mastercard Response Code. ; Help Center Find answers to common questions about Midigator’s technology,. Each chart network—Visa, Mastercard, American Express, and Discover—defines and maintains their own extraordinary set of reason codes, which are applied toward disputes by the banks that issue credit and liability charts under their brands. 1 to 10. Suspected fraud is a common reason, as is insufficient funds in the cardholder’s account. 0 standard that has specific defense requirements for chargebacks with this reason code. 1: EMV Liability Shift Counterfeit Fraud: 10. Each bank card network has its owner list of reason codes banks must prefer from. 00 EUR as a Withdrawal fee. It depends on the chargeback reason code associated with the dispute. 1? Chargeback reason code 11. 2: Canceled Recurring Transaction, and those disputes would still go through the normal chargeback process. This chargeback occurs when it cannot be checked that a valid code was obtained for a transaction at the time of the actual sale. • Section 4: Chargeback Reason Codes—Contains detailed information on the reason codes for the most common types of chargebacks that merchants receive. To Visa chargeback reason codes user underwent one large overhaul in April 2018 as part of their new Visa Claims Resolution (VCR) initiative. Visa Reason Codes. Documentation must be Visa specifies 46 reason codes under the categories of Fraud, Authorization, Point-of-Interaction Error, Consumer Disputes, and Processing Errors. When a customer who's enrolled with 3-D Secure from their bank initiates a purchase, the tool will deploy during the checkout. From mid April 2023, Visa will enforce the Visa Compelling Evidence 3. This code applies when a cardholder claims to have returned merchandise or cancelled services, but the credit did not appear on the cardholder’s monthly. The most comprehensive guide to chargeback reason codes. Visa recently shortened chargeback time limits from 45 days to 30. In these summary reports, each Chargeback. 9 was previously covered by legacy Visa reason code 90. 1003 - Transaction Supporting Document (TSD) needed. Chargeback Reason Codes. 2 Compliance Cases Visa Chargeback Reason Code 10. 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. When one cardholder initiates a dispute with their issuing. Multiple fees can be attached to each claim, and they add up quickly. Now, compliance cases go through Visa Resolve Online (VROL). Chargebacks may otherwise be rejected for a variety of reasons. These codes tell you why the transaction is disputed. S. Each bank card network has its owner list of reason codes banks must prefer from. This process occurs strictly between the two banks. Chapter 4: American Express Chargeback Reason Codes. A CVV2 code is a 3-digit code located on the back of a Visa credit, debit, or prepaid card. Let’s. Visa. All of Visa’s existing reason codes were condensed into four principal groupers: fraud, authorization bugs, handling errors, and customer. Chargeback reason code 12. 6. The implication is that the merchant failed to deliver the goods or services, but this reason. Chapter 5: Mastercard Chargeback. This service is usually provided in exchange for a percentage of the merchant’s sales. chargebacks, even on cases where you accept liability. Chargeback reason code 10. What is Mastercard chargeback reason code 4807? Mastercard chargeback reason code 4807 falls under the “Authorization” category. 5: Visa Fraud Monitoring Program. What Is Visa’s Compelling Evidence 3. American Express. Also, remember that the time frame for your response includes any processing required by the acquirer. Visa uses the four main categories to organize its reason codes: Authorization, Card Member Disputes (which Visa refers to as Consumer Disputes), Fraud, and Processing Errors. As a rule, “Fraud” and “Authorization” disputes enter straight into the “Pre-Arbitration” stage. 16, 2021. 1 and Note on page 14 Chapters 1 and 2 Chapter 1 1. In general, merchants will have 30 days to respond to each phase of a Visa or Discover chargeback. 3 applies when a cardholder claims a charge—made in a card-present environment—was. 5 and, more or less, associate the dispute with an issue related to a stolen credit card. #5: Excessive FraudChargeback 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 TRRFriendly fraud. Visa TravelMoney, or Online Check Card Transaction, 20 calendar days from the central processing date of the. Pre-arbitration will replace second chargebacks for the following reason codes:This is Visa’s list of high risk MCCs: 5962 - Direct Marketing—Travel-Related Arrangement Services;. Nor is the situation static. Like your chargeback-to-transaction ratio, card networks also monitor your fraud-to-sales ratio. Additionally, they can select from corresponding, updated codes when adding new chargebacks. Visa Fraud Monitoring Program: Authorization: 11. It is subject to change and may not include every currently known dispute reason code. Despite this being considered sufficient proof to reverse the chargeback, issuers occasionally rejected the claims, leaving the merchant liable for the. 0. The situation is only growing worse; according to the 2022 Chargeback Field Report, six out of every ten chargebacks issued in North America in 2023 will be the result of friendly fraud. 1: Merchandise/services not received Visa uses this reason code when a customer claims they didn’t receive the goods or services they ordered from your business. This indicates a transaction was processed using a card that Visa listed. e. supporting documentation in first chargebacks for chargeback reason code 4863 (Cardholder Does Not Recognize). 7 – Cancelled Merchandise / Services. 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 is valid. They must respond within 30 days at each phase, or 10 days for arbitration. 5: The chargeback under normal situations should be executed in under 120 days in all religions other than US Domestic. This code applies when a transaction was processed without acquiring authorization…but the card used in the transaction was listed in the Visa Card Recovery Bulletin (CRB). A truly effective chargeback management strategy must encompass prevention as well as disputing cases of friendly fraud. 7 — Cancelled Merchandise/Services. The claim the cardholder is making here is that they did not authorize the transaction and are alleging their card was used fraudulently or that the merchant pushed a transaction through without. Visa Chargeback Reason Codes. Reason Code 81: Fraud. 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 is valid. Visa Chargeback Reason Code 10. Visa is introducing the Visa Compelling Evidence 3. For the time being, however, merchants should be aware that banks may still use the legacy code. Below you will find a comprehensive list of VISA’s chargeback codes. 3. The Visa chargeback reason codes regelung gone adenine major recondition in April 2018 as part of their new Visa Claims Resolution (VCR) initiative. 1 falls under the “Processing Errors” category. Our strategically-crafted arguments are presented in the language bankers understand. 4 Updated Discover chapter for April (2012) Enhancements Chapter 2 1. 7. This Visa chargeback condition is very common. [noun]/* fren • dlē • frôd • /. Mastercard Reason Code 4807 – Warning Bulletin File chargebacks should be filed under code 4808. To prevent and successfully fight chargebacks, online merchants need a solid understanding of Mastercard chargeback. Going back to our Reason Code C08 response, there are two modifiers that affect the evidence presented. 4 is part of an updated and expanded revision of the legacy codes that indicated fraud, codes which were phased out under the Visa Claims Resolution initiative. Visa Chargeback Reason Code 13. The shorthand description is “Goods/Services Damaged or Defective. This chargeback occurs when merchants do not adequately provide currency information. In the case of reason code 11. • Chargeback Reason Code – Each chargeback contains a reason code that signifies the reason for the dispute and the rules that must be followed by the issuer and the merchant in order to resolve the dispute. Visa chargeback reason code 12. UA02 Fraud – Card Not Present Transaction. 2, it’s simple and straight-forward: The merchant attempts in any way to force, circumvent, or override a declined authorization. What are Amex Reason Codes? Every card network features its own list of chargeback reason codes. . Dispute Category. The main chargeback reasons look like this: Malicious fraud. Reason Code ≠ Reason 4. As you dive into a reason. ; This chargeback can be. 5 Visa Fraud Monitoring Program Authorization Reason CodesThe Complete Chargeback Reason Codes List. With CE3. . The most common Visa Reason codes include 10. Check the chargeback reason code. 2. Net (from Visa) supports all major credit cards, including Visa, Mastercard, American Express, Discover, Diner’s Club, and JCB. 1: EMV Liability Shift Counterfeit Fraud: 10. In these situations, a merchant’s billing descriptor is simply not recognized by the customer. Chargeback reason codes (MasterCard only): 4870 Counterfeit. If you want a more thorough explanation of a given reason code, you can find it in our reason code lookup tool. American Express, Discovering,. Reason. In order to limit incoming disputes, Visa’s subscription rules affect the following:• Chargeback – a message sent via the card brand network to debit the merchant and credit the issuer for a cardholder dispute. A chargeback with reason code 4853 may refer to disputes where the customer claims that a charge on their account is invalid. The goal is to reduce ‘friendly’ fraud chargebacks, helping sellers protect more of their hard-earned revenue. Mastercard. Chargeback Reason Codes Retrieval Reason Codes 78 Int'l only Service Violation Code Discover 4541 AP 4586 AW 4755 RG 4553 RM 8002 RN2 Altered Amount Non-Receipt of Goods or Services0Cardholder Disputes Quality of Goods or. 4854 Cardholder Dispute—Not Elsewhere Classified (U. Here’s a comprehensive list of Mastercard chargeback reason codes that you might see on your screen: 4807: Warning Bulletin File. This entity is known as the acquirer). 2, and 13. Some of the reasons why the order did not reach the cardholder can be as follows: The merchant did not provide the services;Visa Dispute Reason Codes. The Visa Claims Resolution (VCR) initiative, launched in 2018, changed many aspects of the chargeback process. Chargeback reason code 10. 6. This could happen as a result of fraud or merchant abuse. Before October 1, 2019, the Visa Dispute Monitoring Program was. Understanding chargeback reason codes is one of the most essential parts of effective chargeback management. Millions use it to make transactions every day, and each year, more than $2 trillion is charged to their credit cards around the world. Credit Posted as a Purchase chargebacks, for example, at. To easily accomplish accepting cases that you are not going to provide a response to, you may select chargeback(s), (up to 50 cases at a time), by dollar amount or reason code and select “Accept Chargeback”. For each reason code, a definition is provided along with the merchant’s actions—or failure to act—that may have caused the chargeback, and recommendations are given for resubmitting the transaction and preventing similar chargebacks in the future. Accessed October 31, 2022. Even learning all the terms and rules won’t keep you. 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. 5 falls under the “Consumer Disputes” category. The shorthand description is “Card Recovery Bulletin or Exception File. The tool works by checking the given address of a credit card. Reason Codes Category 4: Processing Errors. Explanation. Time limits vary by card network and reason code, though, so you should look into the specific terms tied to the reason code. UA01 Fraud – Card Present Transaction. 30 (1) 13. Chargeback Reason Code List - U. 4, 13. Next to Standard webhook select the edit webhook icon . . Typically, cardholders file a chargeback if they were not informed of dynamic currency conversion fees or were not given the option to complete the sale in their local currency. 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. Reason Code. This standard only applies to chargebacks with Visa reason code 10. An Independent Sales Organization, or ISO, is a specialized third-party company that sells and manages credit card processing services outside of a bank or other financial institution. 4846 — Incorrect Currency Code. 195 Acquirer Use of Message Reason Code 7627-No MAC Provided. If you prefer to view this in PDF format you can. EMV service code must be 2XX or 6XX – if a value of 1XX has been authorized then this chargeback code could not be applied as the issuer has authorized a magnetic stripe transaction. Stripe Category. A transaction modifier (or modifier) represents specific circumstances associated with a card sale that change what compelling evidence is required to overturn the chargeback. The shorthand description is “Warning Bulletin File. What is Visa chargeback reason code 71? Visa chargeback reason code 71 falls under the “Authorization” category. The sales receipt and/or date and amount of the authorization if other than the transaction date. VISA. 1 EMV Liability Shift Counterfeit Fraud 81(3) 10. 1=1010, 10. Excessive Chargebacks: The merchant exceeded established chargeback thresholds. 2, it’s simple and straight-forward: The merchant attempts in any way to force, circumvent, or override a declined authorization. The network. Notification of Fraud. Reason codes are alphanumeric codes that provide the justification for granting a chargeback. See the charts below for the full listing. What is a reason code? 3. Reason Code 03: Laundering: The merchant processed transactions that did not involve a bona fide cardholder. 2=1020 etc. R13 No Reply. 1 is an updated version of legacy reason code 74, which was phased out under the Visa Claims Resolution initiative. Reason Code – 10. For American Express; For Visa; For Mastercards; Chargeback Reason Codes List for American Express Some credit card companies also include a short phrase describing the code and chargeback. 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 is valid. Fortunately, all major credit card networks provide clear information regarding chargeback reason codes. It’s typical to see fraud chargebacks roll in 2-3 months after the initial charges took place. But if RDR receives a dispute about a Visa card transaction, it will instead consult the ruleset provided by the. You’ll find information on reasons codes for all the main card brands here. Under Visa’s previous chargeback rules, merchants could contest a reason code 10. 13. The most significant changes were Visa’s overhaul of their chargeback reason code list and the introduction of the Allocation and Collaboration workflows. About Visa chargeback reason codes Reason codes are alphanumeric codes that provide the justification for granting a chargeback. 10. Chargeback Reason Codes. If using any other currency than this, it should be equivalent to the specified amount. The tickets were held at the box office, and no signature, swipe or imprint. The shorthand description is “Cancelled Recurring Transaction. R03 Insufficient Reply. Again, banks should not really be using 4807.