chargeback reason code 4841. 4807 – Warning Bulletin File. chargeback reason code 4841

 
 4807 – Warning Bulletin Filechargeback reason code 4841  This chargeback will include a description that provides additional information: Digital Goods $25 or Less

4837 — No Cardholder Authorization. 4. Discover. 10300 49th St N #427, Clearwater FL 33762, USA +1 855-465. Try Shopify free for 3 days, no credit card required. With an eCommerce transaction, 3-D Secure technology works like an online PIN code. ) A no-nonsense summary of evidence that proves transaction is legit. But in reality, chargeback reason codes. The implication is that the merchant is at fault. Despite being the smallest of the four major credit card companies, the list of Discover chargeback reason codes is extensive. If one of your customers issues a chargeback through their bank, you have the chance to dispute it and win back the funds. 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. Paymentology will submit the chargeback using the appropriate chargeback reason code. Let us now get information about the basic explanation about MasterCard Chargeback Reason Codes. Only an issuer can initiate the chargeback process. The Mastercard chargeback reason codes were condensed down in 2016, like the process that Visa just experienced with Travel Insurance Resolution. Each chargeback is disputed by a specific reason code. “It’s a lot tougher with Mastercard because they only use four main codes. These codes are : 4855, 4841, 4850, 4863, 4837, etc. . These chargebacks will show up under reason codes that will, on first glance, appear legitimate. Most reason codes apply to any merchant, regardless of what’s being sold. Most reputable merchants will only have to deal with chargebacks that result from. Batch chargeback process. Each card issuer follows their own standards for defining reason type, code and its format. Chargeback reason American Express reason code Discover reason code Mastercard reason code Visa reason code; Cancelled subscription: C28: NF: 4841: 13. Offer shipment and delivery tracking. The first thing you should do when you receive a chargeback notification is to check the reason code that the card issuer assigns to the dispute. Get your complete guide to Mastercard reason codes, including all the detailed information, chargeback time limits, and other important information you need. Reason codes are very crucial to assist. Visa, MasterCard, and American Express all list compelling evidence by reason code. Here’s how reason codes make it easy for you to check the status of your disputes or chargebacks: Mastercard Chargeback Reason Codes Demystified. Reason Code Reason Description; 4841: Cancelled Recurring Transaction: A recurring transaction was processed after it was canceled or that the cardholder's account was. The shorthand description is “Late Presentment. Overview. In addition to Reason Codes changing as a result of the VCR program, each Reason Code is now associated with a new Reason Category. . Consult the applicable network’s guidelines for examples of acceptable compelling evidence. By understanding the root cause of chargebacks, merchants can strategically refine policies and approaches to reduce chargeback activity. 4841: Canceled Recurring or Digital Goods Transactions: Cardholder Disputes: 4854: Cardholder Dispute—Not Elsewhere Classified (U. 3: Goods or services were not as described: C31: RM: 13. 65 fee for uploading scanned documents. Each chargeback comes with a code that designates the reason it was filed. 3 falls under the “Consumer Disputes” category. The other two chargeback reasons can be traced to very obvious causes — criminal activity and merchant mistakes. 7: Defective goods and services: C32: RM: 13. 4841. Also, Ethoca Alerts only notify you of chargebacks that occur within the alert. 1 chargeback: 1. Example: 25. The chargeback timeline can be based on one of several start dates: If the delivery date or service performance date was not specified, the issuer must wait at least 30 calendar days after the transaction processing date to initiate the chargeback but not exceed 120 calendar days. Mastercard Chargeback Reason Code 70: Chip Liability Shift. 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. 4841: Cancelled Recurring Transaction: 4834: Loss, Theft, or Damages: 4854: Cardholder Dispute – Not Elsewhere Classified (U. 4842. The standard chargeback process involves eight steps: Retrieval request: The card-issuing bank requests that the acquiring bank provide additional information for a given transaction. What are Chargeback reason codes and what do they mean?. The CB Reason represents the default reason for marking the transaction as a chargeback, but this default value can be changed. Issuers will not have the ability to submit lost/stolen fraud chargebacks for chip-on-chip (contact or contactless) AFD transactions. Does anyone use this service or the service offered by Visa?. Canceled the card account. Mastercard issuers use merchant advice codes to respond to authorization requests, and as a communication tool with merchants regarding a cardholder's account. Fine Period - month 2 or 3. This code is now obsolete, and issuers have been instructed to use code 4834 instead. 5%. Encrypt transmission of cardholder data. MasterCard’s Corporate Purchasing Department Account Program does not have rights for the following message reason codes: 4835 — Card Not Valid or Expired. Card networks send these codes to merchants to indicate why a chargeback has been filed. How do you use reason codes? A chargeback often has a reason code associated with it. 4841: Cancelled/Returned by Cardholder: Canceled Recurring Transaction: 4842: Processing Error: Late Presentment: 4846:Chargeback message reason code 4853 is used to generate a cardholder dispute chargeback. Reason Code 85: Credit Not Processed; And for the MasterCard users, the reason codes are: Reason Code 4841: Cancelled Recurring Transaction; Reason. • 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. Reason Code Reason Description; 4841: Cancelled Recurring Transaction: A recurring transaction was processed after it was canceled or that the cardholder's account was closed. When a customer who's enrolled with 3-D Secure from their bank initiates a purchase, the tool will deploy during the. If the dispute is deemed valid, the bank or credit union proceeds to issue a chargeback to the merchant. These are only a handful of common Visa chargeback reason codes. Time Limit. Chargeback reason codes; Chargeback Reason Codes. 4834 - Duplicate Processing. Chargeback Reason Codes Page 2 of 5. Consider using all the tools available to you—including Visa Secure, card security code (CVV2), and Address Verification Service (AVS). 4841: Cancelled Recurring Transaction: 4842: Late Presentment: 4846: Correct Transaction Currency Code Not Provided:Transaction Authorized. 4841 – Cancelled Recurring or Digital Goods Transactions. This code is used when a cardholder claims that a fraudulent transaction occurred in a face-to-face environment, such as a retail store. An Overview of Chargeback Reason Codes. 4846 — Incorrect Currency Code. 496 Improper Use for Acquirer's Second Presentment. 634. 4841. Chargeback time limits vary depending on the reason for the dispute. Reason Code 30: Services Not Provided or Merchandise Not Received Reason Code 41: Cancelled Recurring Transaction. Click on the Chargeback Reason Code drop-down menu, the user can change the. Visa has 3 separate reason codes that are related to Cancellation and Return Chargebacks. In fact, 91. 6: Duplicate processing/Paid by other means. This chargeback will include a description that provides additional information: Digital Goods $25 or Less. What is Visa chargeback reason code 13. Chargeback Reason Codes; BIN Lookup; ROI Tool; Company. A reason code or a chargeback reason code is a string of symbols (numbers and letters). Be sure you understand the cardholder’s claim. 4854 – Cardholder Dispute – Not Elsewhere Classified. 4860 – Credit Not Processed. Reason codes differ by card brand (Visa, Mastercard); a complete list can be found here. 4853: Services not. In that way, winning one dispute may help prevent the next chargeback to come after it. 1 for Visa, 4842 for Mastercard, and LP for Discover). 4841: Canceled Recurring or Digital Goods Transactions: 4842: Late Presentment: 4846: Currency Errors: 4849: Questionable. Additional data from Mastercard shows that global chargeback volume reached 615 million in 2021. 120 Days. The chargeback is ordered by the bank that issued the consumer's payment card. mastercard-reason-code-4841. Jan 2020_Chargeback Reason Code Encyclopedia - Free download as PDF File (. June 26, 2023. MasterCard time limits vary depending on the applicable reason code. Issuers are currently allowed to use reason code 4841, however, this code will soon be eliminated. This summary reflects changes effective since the last update of this publication. most common reason codes for recurring merchants include: 7. See full list on chargebackgurus. Check the chargeback reason code. 4831 - Transaction Amount Differs. Receiving a damaged product. To win a chargeback dispute as a merchant, you must have evidence that is compelling enough to persuade the cardholder’s bank to reevaluate the case. The terminal action codes are in Table 122 of the 4. Check with the issuing banks to determine what time limits may apply to you. Generally, the issuer can apply for first chargeback for applicable transaction within decided time frame for the chosen Chargeback Services with Reason Code. Chargeback reason code 11. Blog. Unlike other. S. To apply for the Chargeback, the issuer must submit the First Chargeback or 1442 Message with the application Reason Code. Card included in the bulletin. Despite concerns about increased friction, every merchant should deploy 3-D Secure at checkout. 2. Read on for the complete guide to dealing with chargebacks. Most commonly the payer is a consumer. In simple terms, VCR introduced five definitive changes to the dispute resolution process: The timeframe for merchant response was shortened from 45 days to 30 days. Cardholder Dispute — Not Elsewhere Classified (U. Post Views: 841. 4841. Reason codes are important to help merchants address recurring. 4837 - No Cardholder Authorization 120 Days. However, Visa is the largest card brand in both the United States and the world. eCommerce Travel Crypto Gaming SaaS Gambling Ticketing. Each chargeback claim is given a reason code, which helps explain to merchants the reason for the dispute. June 30, 2023. Time Limit. Others require banks to wait for a certain period before they can issue a chargeback. 4841 Canceled recurring transaction; 4842 Late presentation; 4846 Correct transaction currency code not provided;Reason codes for the chargeback with detailed explanation of what it means, how to dispute the chargeback, and how to avoid future disputes. 4841 – Cancelled Recurring or Digital Goods Transactions. Chargeback reason codes. RR - Retrieval Request MID - Merchant Identification number PA - Pre-arbitrations NOTE: PayPal often cites reason codes from card• Chargeback – a message sent via the card brand network to debit the merchant and credit the issuer for a cardholder dispute. The Mastercard chargeback reason codes were condensed down in 2016, like the process that Visa just underwent with Visa Claims Resolution. This reason code is accompanied by a fraudulent reason code (UA). Each card network maintains reason codes to cover all the disputes that qualify for. 1. Some 90% of merchants said “cardholder abuse of the chargeback process” was a leading concern for their business. Author: Isaac Lambert. 6). Mastercard Chargeback Reason Code 73: Duplicate Transaction. Reason codes are alphanumeric codes that provide the justification for granting a chargeback. MasterCard uses reason code 4842 for late presentment chargebacks if the cardholder’s account is permanently closed and the acquirer presents transaction after one of the predetermined time limits. 3: Goods or services were not received: C08: RG: 4855: 13. Canceled Recurring or Digital Goods Transactions. S. But friendly fraud is much more ambiguous. A chargeback is a return of money to a payer of a transaction, especially a credit card transaction. It indicates that the merchant has not properly deposited the transaction amount within the card network’s acceptable time frame and a chargeback will be issued as a result. 4841 – Cancelled Recurring or Digital Goods. 497 Intra-European Message Reason Code 4841-Canceled Recurring or Digital Goods Transactions. RECOVER YOUR LOST REVENUE RECOVER YOUR LOST REVENUE PAGE 4 REASON CODES THE IMMEDIATE COST OF THE CHARGEBACK In addition to losing the revenue from the sale and the cost of the product, fees charged by the issuing bank can be as high as $125 per chargeback. Chargeback fees make up a big chunk of the total costs, so we’re going to take a. Because it’s so easy for customers to initiate a chargeback, retailers are bound to experience a request at. 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. The issuing bank collects evidence from the customer and categorizes the chargeback using the appropriate, card network-specific, reason code. None, although there is a $0. Chargeback Reason Codes 85 and 4860 may be caused because the merchant: Did not issue a credit. 4. M01 Chargeback Authorization. The Sift Digital Trust & Safety Platform does what other fraud tools can’t, patented technology delivers. Reason code 83 represents a chargeback categorized as. The chargeback reason code. . Region. Code 10. In most cases, the bank chooses a course of action based on information the cardholder provides. 4841. 7: Defective goods and services: C32: RM: 13. A chargeback happens when a customer requests for a transaction to be reversed. Visa has recently announced changes to its chargeback rules. Create an Unearned Discount. Chargeback reason codes. Cardholder Dispute — Defective Merchandise / Not as Described. Time Limit in Calendar Days. 4 Message Reason Code 4841—Cancelled Recurring Transactionfor Maestro. Mastercard Chargeback Reason Codes | Sift MasterCard Chargeback Reason Codes MasterCard uses four main categories to organize its reason codes: Authorization, Card. Corresponding Retrieval Reference Numbers mapped for the same Card Number and ARN in Chargeback application. [noun]/* kə • stə • mər • di • spyo͞ot/. 2. 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:Chargeback reason codes are what tell a merchant why a customer is disputing a charge. With that said, you still need to understand the reason codes with any chargebacks from Amex. The client will send this dispute to Paymentology’s Global support team via email – support@paymentology. Products. Acquirer Use of Message Reason Code 7623. 4545. 120 Days. Thus, all deduction activities with the same deduction activity code might have the same chargeback reason code. Technical. The transaction amount and authorization number (ARN. While creating the reason codes, the bank asks the customer about the reason for dispute and then assigns a code. 04/09/14 Discover: DC, U02. Reason codes for the chargeback with detailed explanation of what it means, how to dispute the chargeback, and how to avoid future disputes. ‍ Authorization. A reason code is how banks categorize the reason for a chargeback. Specify the default reason code to. processed after it was canceled or that the cardholder's account was closed Mastercard: Consumer disputes. If a dispute has a strong enough basis to warrant a chargeback, Discover will send a chargeback notice to the merchant along with the reason code for the chargeback. What are chargeback reason codes? Mike Conway 2021-03-04T20:56:54+00:00. In the case of friendly fraud, that reason could be completely invalid and. Fraud. ; Help Center Find answers to common questions about Midigator’s technology,. Description: Reason code for applying handling fee. 1 EMV Liability Shift 10. Try Shopify free for 3 days, no credit card required. and the last 4 digits of the card number. 76 . 3: Goods or services were not as described: C31: RM: 13. 4841: Canceled Recurring or Digital Product Transaction: 4860: Credit Not Processed: 4855: Goods or Services Not Provided: 4849. Either way, the end result is an unauthorized transaction that results in a chargeback. 4853. 1 Mastercard chargeback reason code 4849 falls under the “Fraud” category. This means that it will require merchants to provide evidence supporting their claim that a transaction was authorized by the cardholder. For your reference, here's a list of chargeback reason codes for Visa, Mastercard, Discover, and Amex. 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. 60. It should ultimately help prevent fraud and unwarranted chargebacks, specifically applying to disputes marked with a Visa reason code 10. Download PDF . MasterCard uses four main categories to organize its reason codes: Authorization, Cardholder Disputes, Fraud, and Point-of-Interaction Errors. Chargeback Guide. for chargeback reason code 4863 (Cardholder Does Not Recognize). A chargeback reason code is a 2-to-4-digit alphanumeric code given by the issuing bank tangled in a chargeback. Once you know why a chargeback happened, you can start building a case to address the claims that were made. Not remembering the original purchase. You’ll put that reason code, the transaction amount and authorization number, and state that the. 4840 - Fraudulent Processing of Transactions. 1 Acquirer Use of Message Reason Code 7623. 2:. 4837 - No Cardholder Authorization 120 Days. 7 downloads 2 Views 352KB Size. Proven Chargeback Management Solutions | Chargeback Expertz. The chargeback initially results in the debit or credit card charge being reversed and the funds that you received for the payment being returned to the customer. Be transparent about your products. This situation is represented by Visa reason code 41, MasterCard reason code 4841, American Express reason code 4544,. American Express . People request chargebacks for all kinds of reasons—some sinister (like friendly fraud), some because the item they bought never arrived. 4846:. These symbols stand for reasons why a financial institution may file a credit card chargeback from their client’s name. REASON CODE CATEGORIES. Solution. 1 Chargeback reason American Express reason code Discover reason code Mastercard reason code Visa reason code; Cancelled subscription: C28: NF: 4841: 13. The shorthand description is “Questionable Merchant Activity. If the chargeback is in the customer’s favor, the bank reverses the transaction and debits the business’s acquiring bank instead of crediting itThe most common chargeback reason codes are fraudulent charges, unauthorized transactions, and products not received, however, there are dozens of different chargeback reason codes for cardholders to choose from. Chargeback reason codes Jérôme Alimondo Cohen /token 30 March 2023 13:46; National Visa, national and international MasterCard. 4546. Every of the major card brands, the inclusion of Visa, MasterCard, and others, has its acknowledged system of reason codes. 4841 - Canceled Recurring Transaction 120 Days. It’s important that you include a copy of your customer terms and conditions in order to prove that the customer knew what to expect from the outset. September 2011: 5. Transaction A recurring: transaction was. 10. Reason codes vary by card brand. These numeric codes vary via card. Issued the credit but did not deposit it with its processing bank in time for it to appear on the cardholder’s next statement. Choose the representment amount. ”. Blog Read helpful tips, industry insights, and articles to create the most effective chargeback management strategy. 4841: Canceled Recurring or Digital Goods Transaction. Response to retrieval request: Based on the information provided, the acquiring and issuing banks resolve the dispute, if possible. MASTERCARD. That cardholder used service or received goods after the alleged cancellation date, or that merchandise was shipped before cancellation date. Mastercard Chargeback Reason Code 70: Chip Liability Shift. 4853 – Cardholder Dispute – Digital Goods Purchase of $25 or Less. Reference these when rebutting cardholder disputes at your small business. Click the Update Chargeback link to edit the chargeback details. Specifically, it has introduced a Compelling Evidence requirement for disputes falling under the Visa CE/30 chargeback reason code. While the format of chargeback reason codes varies depending on the card network, all codes are. . 4. But, merchants should be aware that, eventually, everyone will be required to use the new designations. 496 Two or More Previous Fraud-related Chargebacks. . Criminal Fraud. Mastercard Reason codes fall. Total views 100+ Dr. . There are multiple situations in which this can occur. The price of Order Insight alerts varies, but is often $8-$10 per deflected chargeback. 4853 – Cardholder Dispute – Credit Not Processed. The Visa chargeback reason codes system underwent a major overhaul in April 2018 as part of their new Visa Claims Resolution (VCR) initiative. View the entire list of Mastercard reason codes below or search our database for specific insights. As we explained in a previous article, even though the subscription billing business model yield increased revenue for merchants, they are not without significant drawbacks. Cancelled Recurring Transaction. 4854. Values are: Blank: Use the receipt G/L date. All Cancelled re- 41 4841 Due to rules changes there is no valid defence to occurring, Credit. Visa ® has launched the CE 3. Visa chargeback reason code 75 is implemented when there is a transaction listed in. This ranges anywhere from roughly 60 to 90 days after purchase. Each chargeback reason code has its own set of specific documentation requirements so merchants should familiarize. All chargebacks start with a customer making a purchase in person, in an app, or online. 90 Days. MasterCard time limits vary depending on the applicable reason code. 4853 – Cardholder Dispute – Goods or Services Not as Described or Defective. non_receipt: The buyer claims they didn't get the goods or services. For more information on these and other updates, check out our complete chargeback reason. 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. If the cardholder is using the chargeback process incorrectly — a practice commonly referred to as “friendly” fraud — the information provided to the bank. Fine Period - month 1 1 Acquirer receives Excessive Fraud Activity Notification 2. 3: Not as described or defective merchandise: VCR Dispute Reason Code 13. In some cases, errors can be resolved and reversed, but there is no equivalent to chargeback representment when it comes to ACH. Mastercard chargeback reason code 4831 falls under the “Point-of-Interaction Error” category. Time Limit in Calendar Days. The fraud might have done accidently, while the consumer set out with intention to get something free. Mastercard Chargeback Reason Codes Demystified. 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. Reason Code. 4841: Canceled recurring transaction : 4842: Late presentation : 4846: Correct transaction currency code not provided : 4847:Read the Chargeback Advice letter carefully. Unfortunately, the final decision in such cases comes down to the issuing bank, and not. Protect stored cardholder data. Mastercard chargeback reason code 4842 falls under the “Point-of-Interaction Error” category. [MasterCard Reason Codes 4853, 4855, 4859; Visa. You cannot effectively fight chargebacks until you identify which of these three things is actually responsible. If a criminal manages to defeat the technology and complete an online purchase, Mastercard will shift liability away from the merchant and onto the issuer. Below is an. 4808. Click on “report a problem” and select the transaction in question. 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. Older time limits for disputes vary based on reason code; in many cases buyers have 120 days after a purchase to file a chargeback. Now we are very familiar with the word ‘Chargebacks’ from the expert at Chargeback Expertz. Step 1: Identify the Source. Each Chargeback type corresponds to a Reason Code that identifies the dispute type. This code indicates that the cardholder claims not to have agreed to a currency conversion that took place. 16, 2021. 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 TRRBelow you will find the reason codes for the dispute events Chargeback, Request for Information (RFI), and Notification of Fraud (NOF). The following message reason codes designate chargebacks resulting from fraud-related issues: Reason Code Response Time Frame 4837 No Cardholder Authorization 4840. 2: Cancelled recurring transaction: VCR Dispute Reason Code 13. 0. 08. You double and triple check your customer service records to see if the customer wrote in about the shipment (they haven’t), you check the tracking. Mastercard chargeback reason code 4853 falls under the “Cardholder Disputes” category. Reason codes are alphanumeric codes that provide the justification for granting a chargeback. Visa requires processors and banks use to this system for multiple tasks, including challenging initial chargeback results. 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. For example, some reason codes offer cardholders over a year to file. See Full PDF Download PDF. For example, the dispute reason “Cardholder Does Not Recognize” is denoted under the Discover reason codes system as “AA. ACH disputes pertain to various parties involved in an ACH transaction, which is an electronic funds transfer facilitated. 4 applies to eCommerce, whereas code 10. Merchants can find a. Reason Code: Numeric: Code for the chargeback request (see below). Chargebacks from all three categories can show . Consumer Disputes. Review your credit card processor’s policies to understand its chargeback dispute process. Lack of proper chargeback reason codes. 3: Card-Present Environment:. It depends on the chargeback reason code associated with the dispute. After the issuing bank’s unsuccessful attempt to identify the transaction for the cardholder, the chargeback process begins. 1/2/2020. 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. There are over 80 unique return codes, each representing a different return type. Cardholder returned merchandise, but merchant did not process credit properly [MasterCard Reason Codes 4841, 4853; Visa Reason Codes 41, 53, 85;. GraphQL Docs & Tools. 3? Visa chargeback reason code 13. Chargeback Reason Codes Reason code are the first key to understanding the root causes . 4841: Canceled Recurring or Digital Goods Transactions : 4854: Cardholder Dispute—Not Elsewhere Classified (U. Bank of America issues both Mastercard- and Visa-branded cards, so the exact requirements may vary depending on the Mastercard reason code or Visa reason code . It’s important to look up the code to understand why a transaction, good, or service was disputed in order to properly present a solid case to win the chargeback. 6: Credit not. 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. In the distribution industry,. Chargeback reason codes and what do they mean? Visa Chargeback Reason Codes. It is associated with a chargeback reason code, and it is specific per Card Scheme. These mandates often involve changes to the transaction process, the addition or removal of certain chargeback reason codes, or changes to the various phases and deadlines involved in the chargeback process. It. But research by Javelin found that merchants dispute 43% of all chargebacks and succeed at 60% of those disputes. message.