chargeback reason code rg. MasterCard - 4855 Goods conversely Services Not Provided If they think it does, they assign it a reason code and credit the funds back to the cardholder’s account. chargeback reason code rg

 
 MasterCard - 4855 Goods conversely Services Not Provided If they think it does, they assign it a reason code and credit the funds back to the cardholder’s accountchargeback reason code rg  According to Nilson, 56% of global card transactions were done on Visa in 2015

Use clear and consistent billing descriptors. Fraudulent Activity. Unfortunately, a variety of factors—including the rapid growth of eCommerce and online fraud—rendered the reason code system unreliable. The separation of the Return ReasonCredit card chargeback reason code: Type: Varchar; Unique: No; Blanks: Yes; Max length: 64 characters; Unique identifier which distinguishes the nature/reason of credit card chargeback reported. chargeback management with an easy to use online system. ECM monitors first presentment chargebacks regardless of reason code or transaction type. And we know banks and credit cards. Each of the major card brands, including Visa,. Time Limit in Calendar Days. Credit card authorization is a notification given by a credit or debit card issuer (i. For defective or “Not as Described” reason codes. There are over 80 unique return codes, and each one represents a different type of return. Like traditional chargeback reason codes, an ACH return code indicates why the RDFI initiated the transaction reversal request. These codes are given by the card issuer at the point of time that the customer disputes a given transaction. Merchants can fight back against invalid chargeback debit card claims through representment. While it would be difficult to place a transaction. 3. chargeback real reason. For more details feel free to contact Chargeback Expertz at +1 (888) 901-8653 and get hold of an expert. The most popular type of disputes of the chargeback category. Please refer to Annexure — B for details. Goods / Services Damaged or Defective. underlying your chargeback. The Authorization chargeback reason codings system underwent a major overhaul on April 2018 as part of their new Visa Claims Decision (VCR) initiative. Visa uses chargeback reason code 75 to designate chargebacks caused by non-recognition of a credit card transaction by the cardholder. There are several types of chargeback reason codes that can be used, including the following: 1. When used at the point of sale, the transaction is. 0. Know these five rules to avoid payroll blunders triggering fines, penalties and IRS audits. The shorthand featured is “Non-Receipt of Wares, Services, or Cash. Join; Contact; 866-999-3758 Schedule my demo Solutions. After the withdrawal, the bank will create a chargeback reason code, meaning why they made the chargeback, and electronically transfer all the. All ACH return reason codes consist of the letter “R” followed by two. Cause. The Visa chargeback reason codes system underwent a major overhaul in April 2018 as part of their new Visa Claims Resolution (VCR) initiative. Card networks send these codes to merchants to indicate why a chargeback has been filed. The American Express chargeback process begins with Amex issuing a chargeback, along with a reason code to explain the dispute to the merchant. Amazon Pay will send you a notification email when you get a chargeback, which will include details such as the order number and reason code. S. Investigate suspicious orders. Ethoca alerts can prevent chargebacks before they hit your bank account. EMV has been a mostly global standard since 2004. Spot these types of chargebacks using. processed the transaction correctly. Paymentology will submit the chargeback using the appropriate chargeback reason code. However, Visa is the largest card brand in both the United States and the world. 4 Funding Process. Step 2: Customer initiates the chargeback. Technical. When filing a chargeback,. Across the four major credit card networks (i. , as a result of a legitimate purchase of the Driving Manual from our online store drivingmanual. Chargeback Reason Codes Page 1 of 5 Card Type Reason Code Reason Text Chargeback Category Preventable Reversible MASTERCARD 4802 Requested/Required Item Illegible or Missing Request for Information YES YES MASTERCARD 4803 Documentation received was invalid/incomplete Request for Information YES YES Chargebacks. Removed Visa Chargeback Code 60. To track discounts by tax rate area, use discount reason codes that are the same as the tax rate area code. Also, just like American Express, Discover functions as both a card network and an. When the customer disputes a charge, the issuing bank then begins the chargeback process. 1. What are the odds a merchant will “win” the chargeback dispute? The true odds depend on the strength of the compelling evidence and the chargeback reason code itself. 4. When a cardholder makes a purchase, but regrets it later, they may file a chargeback to recoup their money. ” This code indicates that the cardholder claims the merchant did not deliver the goods or services they paid for. Contact us here or call us at 1. Reason Codes Category 1: Authorization. 634. Additionally, one clearing transaction. A chargeback cannot be filed for at least 10 days after the date of a reservation, cancellation, or return. To help merchants understand the underlying issue of each chargeback, American Express has created specific chargeback reason codes to help business owners interpret chargebacks. The charge you submitted did not receive a valid authorization approval code for the amount of the charge. The process is often troublesome; most times, reason codes do not show the actual basis why customer is disputing a transaction. 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. The ECI value tells you what to do next in a 3DS transaction — proceed, reject the purchase, or try again. Visa Chargeback Codes — removed retired codes. Preventing Mastercard Reason Code 4837 Chargebacks. The reason code helps categorize the chargeback for the card network and issuing bank, and it also tells the merchant how they can fight the chargeback based on the corresponding reason for the. This reason code is used when the cardholder claims that their card was used fraudulently without their permission. ” This code indicates the merchant waited too long to finish processing a transaction, and the account was no longer in good standing when the transaction was completed. 3 –. For Visa: Reason Code 30; For MasterCard: Reason Code 4855; For Discover: Reason Code; For American Express: Reason Code 155. United States. If a no-authorization claim is based on merchant activity, there are steps the merchant should take to avoid a recurrence. The network hasn't wholly disallowed some old codes. Merchants have 20 business days from the notice date to respond to such a notice, before Discover processes a chargeback. 102. 1 – Merchandise/Services Not Received; Mastercard Reason Code 4853 – Goods or Services Not as Described or Defective; American Express Reason Code C05 – Goods/Services Canceled; However, some reason codes are highly specific and apply only to a certain type of product, such as: Visa Reason Code 13. 1: Services not provided or merchandise not received: VCR Dispute Reason Code 13. 3. Specify the default reason code that you want the system to assign when you enter a chargeback amount. The shorthand description is “Transaction Not Recognized. Every chargeback has a reason code associated with it. This reason code is accompanied by a fraudulent reason code (UA). As we touched on earlier, chargebacks can happen due to technical errors. A chargeback happens when a customer asks their card-issuing bank to reverse a transaction. Visa Reason Codes 13. 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. 4846 — Incorrect Currency Code. Every chargeback is filed with a reason code that identifies the given reason for the dispute. Reason codes are just what they sound like, an identification code used to categorize why a transaction is being refuted by the card holder. ), confirming that the cardholder has enough funds or available credit to cover a transaction they're making with their card. Your contact details won't be shared, an email and SMS will be sent to you for ongoing communications. MasterCard - 4855 Goods or Services Not Provided. FR2 Fraud Full Recourse Program. What are chargeback reason codes? Issuers send chargebacks to the merchant’s acquiring bank with a reason code to communicate what caused it. 0 rule changes take effect April 15,. “Visa has 28 different reason codes. Using the same link provided above, contact PayPal to report the scam. txt) or read online for free. What Are Chargeback Reason Codes? Chargeback reason codes identify the general reason behind a chargeback. Spot these types of chargebacks using. Because it’s so easy for customers to initiate a chargeback, retailers are bound to experience a request at. Specifically, it has introduced a Compelling Evidence requirement for disputes falling under the Visa CE/30 chargeback reason code. 60 due to merchandise, fees, overhead, and other sources of loss. Across open networks and include account numbers sent over email, instant messaging, text, or chat. Discover - RG Non-Receipt of Goods, Services, or Cash. For instance, if the customer claims unauthorized purchase, your letter should cite evidence, such as an IP address matching previous purchases, to support. ONE reason code is an alphanumeric code selected from a fixed list by the issuing bank to indicate the reason of cardholder gave for requesting a chargeback. com Discover chargeback reason code RG falls under the “Services” category. chargeback real reason. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. Fight; Prevent; Recover;. See full list on chargebackgurus. Removed these Discover Chargeback Codes: AL, CA, IC, IS, NC, SV, U03, UNR. Discover uses unique codes to explain those reasons to merchants. 08. Chargeback Reason Codes 85 and 4860 may be caused because the merchant: Did not issue a credit. Visa chargeback codes are broken up into four categories: Fraudulent activity; Authorization issues; Processing errors; Customer disputes; Fraudulent activity Visa Reason Code 13. Both EFM and ECM measure compliance at the MID level. “Visa has 28 different reason codes. Your actions in response to such a chargeback will be determined by the particular circumstances, the most typical of which are described in the table below: If: Then: The transaction was cancelled and credit issued. 4853 – Cardholder Dispute – Goods or Services Not Provided. This gives them more of an incentive to keep their customers happy, which means they usually side with cardholders during a dispute. These codes explain the reason why the chargeback was filed, and the reason. ”. Transaction unauthorized make up 30% is all. These are only a handful of common Visa chargeback reason codes. The major card networks have unique reason code systems, and banks use separate tools. Then they instruct the merchant’s acquiring bank to reverse the transaction and withdraw the funds from the merchant account. 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. There are plenty of reasons as to why this would happen, hence the many. Consider Deadlines. Stage 1: First Chargeback. 2, which specifically deals with transactions billed by other means. Visa’s 22 chargeback reason codes will be merged into client disputes – fraud, authorization, processing errors, and four guidelines. Proof that the cardholder rejected your attempt to correct the quality. This may include: Transaction receipts; Merchant credentials; Customer authorizationChargeback Reason Codes > Chip Liability Shift > Issuer Chargeback > Chip Liability Shift Program for Domestic and Intraregional Transactions Chapter 5—Compliance Case Filing Incorporated the changes announced in “AN 1677—Revised Standards—QuestionableThe Takeaway. 3: Goods or services were not received: C08: RG: 4855: 13. What are Chargeback Reason Codes? Chargeback reason codes are issued by the bank when a customer files for a chargeback. In the case of Reason Code 80, the emphasis falls on best practices for processing key-entered transactions and we have written in detail on that subject before. Based on the information provided, Paymentology will investigate the transaction being disputed. Visa ® has launched the CE 3. . • 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. Discover Chargeback Reason Codes Explained. EFM MONTHLY CRITERIA NUMBER OF E-COMMERCE TRANSACTIONS FRAUD CHARGEBACK AMOUNT FRAUD CHARGEBACK RATIO BASIS POINTS (BPS) 3DS UTILIZATION (EMV 3DS + DATA. A Visa chargeback reason code is a number that identifies the reason why a cardholder disputed a transaction that led to a chargeback. Mastercard: Reason Code 4859 Service not rendered. Valid Values/Format: 22 - First Chargeback Handling Fee. Today. Merchants who receive a chargeback for a transaction placed with an American Express card may encounter reason code FR2, which indicates an unauthorized charge that the cardholder does not believe they should be responsible for paying. A transaction event code, or T-code, is a five-character alphanumeric string, such as T0001. This code tells you why the customer or bank initiated the dispute. Discover chargeback reason code 7030. However, the 30 day waiting period can be waived if you’ve. 10. The merchant did not receive any returned merchandise. Common Chargeback Reason Code . This category of fraudulent chargeback is represented with the following reason codes: AMEX - C08 Goods/Services Not Received or Only Partially Received. If you choose to fight the chargeback, Amazon Pay will charge you a $20 Disputed Chargeback Fee. In the case of Reason Code 80, the emphasis falls on best practices for processing key-entered transactions and we have written in detail on that subject before. Each of the major card brands, including Visa, Mastercard, and others, have their own system of reason codes. False Declines and False Positives: Issues arising from improper transaction reviews. ) A no-nonsense summary of evidence that proves transaction is legit. These may impact the dispute time limits. This code collects all the. 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. As an eCommerce merchant, you may think these chargeback codes can answer the motivation behind a chargeback. MasterCard and Visa each have their own chargeback codes. Not only that, but a higher win rate may incentivize banks to conduct greater due diligence before filing a chargeback in the future. Less than 20% of merchants noted a slight decline in Visa chargebacks after VCR, while over 55% reported no decline in chargebacks. Chargeback reason codes are alphanumeric codes established by the major card networks that indicate the reason a chargeback was filed. Reason codes vary by card brand. When a customer who's enrolled with 3-D Secure from their bank initiates a purchase, the tool will deploy during the checkout. Code 4807: Fraudulent Card-Present Transaction. False declines lead to missed legitimate purchases, while false. Dec 6, 2021 — Betty's bank issued the chargeback for $9. Chargeback Reason Coded by Network - 2023 Guide. About American Express chargeback reason codes. 4 Fraud – Card-Absent Environment. The usual period that card networks will accept chargeback disputes is up to 120 days from the date of the settlement for the charge. For card-absent transactions, use all Visa tools, including AVS, CVV2, Visa Secure, and more, to reduce instances of fraud. In order to identify the reason a customer disputed a charge, it can be helpful to examine the reason code on the chargeback. Availability Date: October 24th, 2021. What Are Chargeback Reason Codes? Chargeback reason codes identify the general reason behind a chargeback. Reason Code Reason Code North-America Reason. Disputes & Chargebacks. The Chargeback Reason Codes specifies the fraud, expired card, defective merchandise, differ amount and many others. 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. Looking for Discover chargeback and dispute reason codes? Check this database—Midigator has tips to prevent & fight chargebacks based on reason codes. Protect stored cardholder data. France saw a drop of roughly 50% during the same period. Retrieve thine complete guide to the new Visa reason codes, including all the elaborate information, chargeback time limitation, and other important information to need. If the order was genuinely not as described, then the cardholder has a case. First Chargeback failed: Reason Code 4837 not allowed under “issuer auths, they own” chargeback rules: 100001: 400: INVALID_REQUEST: First Chargeback failed: Reason Code 4863 not allowed for authorized CAT transactions: 100001: 400: INVALID_REQUEST: First Chargeback failed: Reason Code 4863 not allowed for. Betty's issuing bank assigned chargeback reason code 10. 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. American Express Chargeback Codes (2023) American Express functions as a card network and an issuing bank. When a customer who's enrolled with 3-D Secure from their bank initiates a purchase, the tool will deploy during the. Thus, the easiest way to prevent chargeback reason code 75 from being. These reason codes indicate disputes that occur as a result of inaction or wrong action on either party’s part (merchant or cardholder). For example, Visa reason code 83 is one of the reason codes with several modifiers with which it’s associated. For U. Technical. Fraud. Chargeback reason code 4853 can be used to indicate disputes where the cardholder simply claims that the merchant never delivered on what was promised. Reason codes are very crucial to assist. Reason Code: A code used to provide additional information to the receiving clearing member regarding the nature of a chargeback, subsequent presentment, [. Other Fraud—Card Present Environment. An invalid chargeback is defined as an unnecessary or non-compliant payment dispute — a chargeback that shouldn’t have happened. When customers are unhappy with a transaction but cannot resolve. 1001 - Cardholder does not recognize the transaction. 103. 3. Chargeback of this Reason occurs (Non-Receipt of Goods or Services). Depending on the specific situation, Mastercard will match authorization response to one of the following merchant advice codes: Mastercard Response Code. 3 falls under the “Consumer Disputes” category. May 2011: 5. The goal is to reduce ‘friendly’ fraud chargebacks, helping sellers protect more of their hard-earned revenue. If one member believed the other violated a Visa rule when handling a chargeback, they filed a pre-compliance chargeback for compensation. 2. EXPERT WITNESSES | CERTIFIED CYBER INVESTIGATORS | BEST OF BREED FORENSIC TOOLS & SOFTWARE. Invent - UA02 Fraud – Card Not Present Transaction. Please note that the most common Chargeback reason code for Allocation disputes is 10. The claim often, but not always, involves automated teller machines (ATMs). Visa has recently announced changes to its chargeback rules. 1, which covers duplicate processing errors, and 12. 3? Visa chargeback reason code 13. Contact ChargebackHelp and we can have you sleeping better at night by improving your dispute protection in very short order. Last updated: October 15, 2019 . American Express: Reason Code C08 Goods or services not received or partially received. 10. QUE: Quebec tax. American Express: Reason Code C08 Goods or services. To represent a chargeback, you need to resubmit the transaction and include a rebuttal of the cardholder’s claims and documented evidence that proves your case. Be transparent about your products. Also, remember that the time frame for your response includes any processing required by the acquirer. At their core, false declines are legitimate transactions that get blocked on the suspicion of fraud without any fraud actually occurring. Both EFM and ECM measure compliance at the MID level. 1 = EMV-Liability Shift counterfeit. Consider using all the tools available to you—including Visa Secure, card security code (CVV2), and Address Verification Service (AVS). 4 Fraud – Card-Absent Environ. Administrative returns (R02, R03, R04): 3%. Find - RG Non-Receipt of Goods, Company, or Coin h. Duplicate Processing - 81Here are some numbers on chargeback reason codes: 30% - the number of chargebacks that result from transactions made with a stolen card. Reason Code North-America: Canada and United States of America; Reason Code: All other countries; Fraud. These four distinct. When used at the point of sale, the transaction is. This may be done by either the merchant or the issuing bank. 3 applies when a cardholder claims a charge—made in a card-present environment—was. Discover uses unique codes to explain those reasons to merchants. Visa requires processors and banks use to this system for multiple tasks, including challenging initial chargeback results. 1: goods not received. A new 4 byte reason code will be used moving forward. com. 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 Airline cancelled the original ticket; That credit for duplicate charges was completed or multiple<br />. What is Chargeback Reason Code 30? For Visa: Reason Code 30; For MasterCard: Reason Code 4855; For Discover: Reason Code RG; For American Express: Reason Code 155; Overview: The Cardholder or authorized person did not receive the merchandise or services at the location agreed with the merchant by the agreed date. The major card networks have unique reason code systems, and banks use separate tools. We are writing to dispute the $1980 chargeback with the chargeback reason code 30 Services Not Provided or Merchandise Not Received. The only viable strategy for preventing chargebacks having to do with processing errors is training staff on proper card acceptance procedures. If you set up AAI item RKDxxx (where xxx is the reason code), the system uses the account that is associated with the AAI item. 0 initiative to update compelling evidence requirements for dispute reason code 10. The use of this reason code indicates that the cardholder does not recognize the transaction as it appears on their bank statement. Chargebacks typically occur when a customer is dissatisfied with a purchase and requests a refund from their card issuer. Visa also overhauled its system of chargeback reason codes. 10. While a lot goes into this process, here’s a basic rundown of debit card dispute regulations for merchants: #1 | Examine the Claim. . 2. Card authorization refers to the actual notification received by a merchant. A risk department can accurately analyze what the issue is with their merchant by seeing the individual reason code,” Cirone explained. 100- 140 standards- , and will be removed in future releases. It is important to identify and understand the root cause and take the necessary steps to dispute the chargeback. American Express chargeback reason code C42. 4. The reason codes are grouped into several broad. 99. 4. Each code corresponds to an issue or problem. This may include: Transaction receipts; Merchant credentials; Customer authorizationChargeback Reason Codes > Chip Liability Shift > Issuer Chargeback > Chip Liability Shift Program for Domestic and Intraregional Transactions Chapter 5—Compliance Case Filing Incorporated the changes announced in “AN 1677—Revised Standards—QuestionableThe Takeaway. Once you receive this notification, you have 11 days to submit a response. This Chargeback Reason Code has to do with all. Every of the major card brands, the inclusion of Visa, MasterCard, and others, has its acknowledged system of reason codes. . Visa - 10. Lack of proper chargeback reason codes. However, the disputes themselves are still categorized by the issuing bank based on the card network issuing the card. Removed these Discover Chargeback Codes: AL, CA, IC,. However, Shopify has whittled down these 100+ reason. 2: Cancelled recurring transaction: VCR Dispute Reason Code 13. e above 0. Each card. Reason Code 53 re-presentments must be. This gives them more of an incentive to keep their customers happy, which means they usually side with cardholders during a dispute. The following is a full list of Chargeback Reason Codes for the card schemes that Zai supports. Each chargeback has a chargeback reason code assigned to it, which is a two-digit number that corresponds to the reason the customer is disputing the charge. The cardholder claims either that the merchandise was never. . Mastercard Chargeback Reason Code 71: Disputed Amount. Reason Code. Chargeback reason code 11. This reason code is used when the cardholder claims that their card was used fraudulently without their permission. That's because the cited reason code may only sometimes reflect the genuine motivation behind it. Visa’s process introduces four dispute categories and associated numerical labels (Fraud – 10, Authorization – 11, Processing Errors – 12, Consumer Disputes – 13) under which the renamed reason codes will be placed. 4 – Counterfeit. 3: Defective/Not as. 4 –. What Are the Different Chargeback Reason Codes? There are over 100 chargeback reason codes. Discover reason codes. For more details feel free to contact Chargeback Expertz at +1 (888) 901-8653 and get hold of an expert. As we touched on earlier, chargebacks can happen due to technical errors. 0: Changed report name from Downloadable Dispute Report to Case Report. 3: Defective/Not as Described MerchandiseThe 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. A Product Not Delivered chargeback means the customer believes they did not receive the goods or services they purchased. Breakdown your chargeback data by some of the variables you collected in step #2: marketing source, product type, issuer BIN, customer’s country, reason. The reason for the dispute was false or inaccurate. Friendly fraud is challenging for merchants because it’s tough to diagnose. M49 Vehicle Rental – Theft or Loss of Use. A credit card chargeback is when a bank returns money to you because a credit card charge was fraudulent or you bought something online that wasn’t delivered or was. Chargeback response template for Real Wares Not Received chargeback. Technical. Following the prompts that pop up, inform PayPal of every detail, and include the screenshots of the conversations you had with the scammer. & Fighting Chargebacks? demo experience. However, they don’t address the reason why that chargeback was issued in the first place. During this process, the representative of the institution examines the reasons’ list. 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 Services MasterCard;45 Days from the central processing date of the transaction120 Days from the central processing date of. Updated Disputes/Chargeback Policy Coming April 2024What are chargeback reason codes? Mike Conway 2021-03-04T20:56:54+00:00. This means the cardholder claims that they received goods or services that were substantially different from what the merchant described. 3. Updated: Valid values updated. Also, to fight against the card not present frauds, the merchant needs to have proper security applications. However, the codes are often insufficient to get to the root cause and prevent future chargeback occurrences. A chargeback also cannot be filed more than 540 days beyond the point at which the interaction began. 105. For perspective, the next highest. • Section 4: Chargeback Reason Codes—Contains detailed information on the reason codes for the most common types of chargebacks that merchants receive. Across open networks and include account numbers sent over email, instant messaging, text, or chat. 3 is an updated version of legacy Visa reason code 72, which was phased out under the Visa Claims Resolution initiative. FR4 Immediate Chargeback Program. 2 – EMV Liability Shift Non-Counterfeit Fraud 10. View Our Full List Here. A chargeback reason code may display a chargeback related to fraud, processing errors, consumer disputes, or. A reason code is how banks categorize the reason for a chargeback. The merchant should. The card not present chargeback come in as codes 10. Below are some examples of more common reason codes. And according. Issuers must not initiate a chargeback for magnetic-stripe (POS Entry Mode value of 90 or 02) transactions on non-chip enabled cards. If a customer makes a chargeback request on the basis that he or she has not authorised the transaction, the customer's bank will charge the transaction back to the merchant’s bank. It is subject to change and may not include every currently known dispute reason code. This provided a number of insights into the typical. 3. However, it is important to note that this reason code is based on the reason given by the customer to their bank. Chargeback Reason Codes Visa. The chargeback transfers funds from the acquirer to the issuer. How many chargeback reason codes exist? There are 151 reason codes across the four major card networks. In order to identify the reason a customer disputed a charge, it can be helpful to examine the reason code on the chargeback. Dispute Category.