Like traditional chargeback reason codes, an ACH return code indicates why the RDFI initiated the transaction reversal request. 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. Fight; Prevent;. Instead, it needs to be presented as a generic decline. Technical. M01 Chargeback Authorization. The main chargeback reasons look like this: Malicious fraud. 5 Ways I’m Using AI to Make Money in 2023. Reason Code 12. 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: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. Once you receive this notification, you have 11 days to submit a response. These codes are broken down into five different category types: Fraud codes 7 RBI Penalty (Reason Code - 1065/ AC & AT RBI Compensation is settled today on manual basis RBI Compensation is completely automated. It gets worse. The other two chargeback reasons can be traced to very obvious causes — criminal activity and merchant mistakes. If you receive a chargeback under Reason Code 85, you will need to provide evidence that the credit was processed in order to dispute the chargeback. Reasons for a second filing might include the discovery of new information or a change of the reason code. Requested Transaction Information Not Received. Automate Tasks & Streamline Processes Let Midigator remove complexities and improve the efficiency of your chargeback management strategy. Chargeback Reason Codes The Visa chargeback reason codes system underwent a major overhaul in April 2018 as part of their new Visa Claims Resolution (VCR) initiative. Each chargeback is disputed by a specific reason code. 3. Across open networks and include account numbers sent over email, instant messaging, text, or chat. The notification will also specify the terms of the agreement under which Amazon Pay will assist you in handling the chargeback. If you did not receive the email, open Mave, Wave’s automated chatbot, and. 4. Duplicate Processing - 81ECM monitors first presentment chargebacks regardless of reason code or transaction type. . Now, compliance cases go through Visa Resolve Online (VROL). Additional data from Mastercard shows that global chargeback volume reached 615 million in 2021. With the implementation of Visa Claims Resolution, reason code 98 eventually became obsolete. While the updates have been published, they do not go into effect until Oct. These codes are established by the payment brands to categorize the incoming dispute requests by reason. 1 chargeback: 1. In this case, the customer files for the pre-compliance chargeback (aka reason code 98). After the withdrawal, the bank will create a chargeback reason code, meaning why they made the chargeback, and electronically transfer all the. Depending on the reason for the chargeback, your evidence needs to prove you: verified the identity of the shopper. The sales receipt and/or date and amount of the authorization if other than the transaction date. The merchant did not receive any returned merchandise. Reason code 4853 falls under the broad category “Cardholder Dispute,” meaning the cardholder is saying something about the transaction is wrong. A new 4 byte reason code will be used moving forward. 4 Funding Process. According to Nilson, 56% of global card transactions were done on Visa in 2015. What is Visa chargeback reason code 12. Mastercard Chargeback Reason Code 71: Disputed Amount. 4853 – Cardholder Dispute – Credit Posted as a Purchase. At their core, false declines are legitimate transactions that get blocked on the suspicion of fraud without any fraud actually occurring. Braintree Support Articles. . Visa chargeback reason code 75 is filed as an honest mistake. Learn more about Mastercard chargeback reason. The network hasn't wholly disallowed some old codes. ” Currently, merchants can already prevent many 10. The merchandise was as described or was not defective. Download this sample Chargeback Rebuttal Letter. All ACH return reason codes consist of the letter “R” followed by two. 0) Email conversations with the customer; Contracts; Digital usage logsChapter 6: Visa Chargeback Reason Codes; Chapter 7: Chargeback responses; Chapter 8: Chargeback response templates; Chapter 9: Chargeback accounting; Chapter 10: Arbitration; Chapter 11: Fraud filters; How to Create the Best Chargeback Responses. Here is an overview of how the general chargeback process works with most major processors (we’ll get into how Square does it down below) Step 1: A purchase occurs. 98%. Code 10. This provided a number of insights into the typical causes of subscription chargebacks by industry: Computer Software : Cancelled Services was the most common chargeback reason code, which is troubling because these should be easily avoidable disputes. 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. 1UA01 Fraud – Card Present Transaction. Goods / Services Damaged or Defective. Chargeback reason codes are alphanumeric codes established by the major card networks that indicate the reason a chargeback was filed. Unfortunately, it is pretty challenging to prevent friendly fraud. The specific reason for the decline shouldn’t be reported to the customer. This ranges anywhere from roughly 60 to 90 days after purchase. A reason code will be provided. Thanks for following the Chargeback Gurus blog. 3 is an updated version of legacy Visa reason code 72, which was phased out under the Visa Claims Resolution initiative. 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. Non Matching Account Number. ) A no-nonsense summary of evidence that proves transaction is legit. This extra step can be frustrating for Card Members and lead to lost sales. For each reason code, a definition is When you receive a dispute, a reason code will be assigned by the bank who issued the customer’s card. Chargeback reason code description – An explanation which provides the reason of raising a chargeback by the cardholder. UA02 Fraud – Card Not Present Transaction. Because there are many reasons for which customers may file a chargeback, Discover issues an accompanying chargeback reason code with each chargeback. 4807 Warning Bulletin File. This chargeback reason code is also referred to as “Point-of-Interaction” Errors. However, it's advisable to respond to whatever reason code you received from the bank. Additionally, one clearing transaction. Chargeback fees can start at US$25 and go up from there. M01 Chargeback Authorization. A well-structured rebuttal letter should address the chargeback reason code, clearly explaining why the cardholder's dispute is not legitimate and why the funds should be returned to you. ). ) has its own reason code system, so sellers should carefully check the card used for the transaction. 2 Declined Authorization. 1. 1: Use the corresponding dates from the invoice. Values are: Blank: Use the draft G/L date. Card Type Reason Code Reason Text Chargeback Category Preventable Reversible VISA 30 Services Not Provided or. It is subject to change and may not include every currently known dispute reason code. Depending on the specific situation, Mastercard will match authorization response to one of the following merchant advice codes: Mastercard Response Code. 5, and all aspects of chargeback reason codes, with proprietary. Know these five rules to avoid payroll blunders triggering fines, penalties and IRS audits. lost_card. Here are some steps you can take to handle chargeback requests: 1. A chargeback reason code is a 2-to-4-digit alphanumeric code given by the issuing bank tangled in a chargeback. When filing a chargeback, the issuing bank chooses a reason code from the list for the applicable card network. The major card networks have unique reason code systems, and banks use separate tools. ; Help Center Find answers to common questions about Midigator’s technology,. In most cases, disputes need to be filed within 60 days. Try Shopify free for 3 days, no credit card required. This information should be based on the Visa chargeback reason codes assigned to the case. 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. Step 4: Card Network Collects Dispute Information. 32 +0. The Visa chargeback reason codes system underwent a major overhaul in April 2018 as part of their new Visa Claims Resolution (VCR) initiative. Each card network maintains reason codes to cover all the disputes that qualify for. 4853 – Cardholder Dispute – Goods or Services Not Provided. The ECI value tells you what to do next in a 3DS transaction — proceed, reject the purchase, or try again. 4 disputes through Verifi’s Order Insight®, which ChargebackHelp clients are integrated with already under CBH+Deflect . CHARGEBACK REASON CODESIn Merchant News and Info, Credit Card Processing Chargebacks are a part of business life. Major card networks including Visa, MasterCard, Discover and American Express have different reason code systems. Consider Deadlines. At Visa they used to receive reason code 98. 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 authorized face-to-face. Poor order fulfillment: Late order fulfillment or billing for an order before shipping the goods. 4512:Change of Chargeback Reason to an Authorization-related Chargeback Replace ‘Change of Reason within the Cardholder Dispute Chargeback’ with this section. How you respond is determined by the chargeback reason code: Embed This Graphic. ” This code indicates that the cardholder claims the merchant processed a recurring billing transaction after they had submitted a cancellation request or. Now, 10. 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. A08 Authorization Approval Expired. 15% - the number of chargebacks initiated by cardholders due to retailers shipping the wrong product. Visa Chargeback Reason Codes Reason Code: Category: Description: 30: Non-Receipt of Goods or Services: Services Not Provided or Merchandise Not Received: 41: Cancelled/Returned by Cardholder: Canceled Recurring Transaction: 53:. Not only that, but a higher win rate may incentivize banks to conduct greater due diligence before filing a chargeback in the future. “American Express Chargeback Reason Codes | Sift”. 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. The exact time frame will vary based on factors such as the reason code or the card network. The transaction amount and authorization number (ARN. Fraud and chargebacks always result in revenue loss, but they also include fixed-rate fees and other negative consequences. Specify the invoice date and net due date to assign to chargebacks. . Receive the Chargeback. Chargeback reason codes are codes used to categorize the reason for the dispute. Reason codes. 4% of all transactions worldwide are made with EMV chip cards, which has led to a precipitous drop in card-present fraud. Protect cardholder data. 2. France saw a drop of roughly 50% during the same period. The time limits for responding to a chargeback also vary based on the card scheme and the chargeback reason code. . FR4 Immediate Chargeback Program. The reason codes are grouped into several broad. It’s even more frustrating if you don’t understand what the chargeback code means. Chargeback time limits vary widely depending on the issuing bank, and the chargeback code or reason. The way you manage chargebacks depends on your account setup. Reason codes are very crucial to assist. M10 Vehicle Rental – Capital Damages. up under any number of different chargeback . 3. 0 is to make the chargeback process more efficient, transparent, and fair. 3: Goods or services were not as described: C31: RM: 13. Check with the issuing banks to determine what time limits may apply to you. There are tricks you might use to circumvent an undesirable authorization message, such as not requesting authorization at all, or making multiple attempts on a declined card. 65% with at least 75 total disputes. When a customer decides to dispute a charge made to their debit or credit card, it is referred to as a chargeback. If they think it does, they assign it a reason code and credit the funds back to the cardholder’s account. The most popular type of disputes of the chargeback category. 80. Chargebacks911® can help your business manage risk from Visa chargeback reason code 10. 4 spec (Section 8. There are several types of chargeback reason codes that can be used, including the following: 1. Automated Clearing House return codes, reasons, and details. When a cardholder disputes a charge, their issuing bank will review the transaction and decide if. 2 Added chapter providing information about the DiscoverMasterCard chargeback reason code 4540. 4854 Cardholder Dispute—Not Elsewhere Classified (U. By understanding the reason behind the chargeback, you can gather the necessary evidence to support your case effectively. Chargeback. Responding to a chargeback request. 15, 2021. 77. Clerical There are over 80 unique return codes, and each one represents a different type of return. Unauthorized returns (R05, R07, R10, R29, R51): 0. The following is an inside and out diagram of reason codes for Visa, MasterCard, Discover & Amex alongside their depiction. Chargeback Reason Code. instead of chargeback reason codes Chapter 3—Dual Message System Chargebacks, Overview, Chargeback Message Reason Codes, First Chargeback: MTI 1442 Removed all references to chargeback message reason code 4802—Requested/Required Information Illegible or Missing as announced in Global Security Bulletin No. 98 First Chargeback. 4841 Canceled Recurring or Digital Goods Transactions. A chargeback can happen when a customer initiates a transaction dispute. The third digit indicates the specific reason within that category. Let’s say you got a Visa chargeback with. But cardholders and merchants have different time limits. 7. In that way, winning one dispute may help prevent the next chargeback to come after it. 1 The reason code also presents a timeline to fight the chargeback and what evidence is needed to reverse the 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. 1 Card Recovery Bulletin or Exception File. Reasons a customer may initiate a chargeback include: Ordering a product and not receiving it. The chargeback process starts when a customer (or, less frequently, their issuing bank) challenges a transaction as invalid. Your first step is to identify the chargeback reason code, which is a kind of shorthand that indicates why the transaction is being disputed. This is a code taken from the card scheme’s published list, which identifies why the issuer filed the dispute: Visa Chargeback Reason Codes. 02/10/16 Added Debit Chargeback Reason Codes. This may be done by either the merchant or the issuing bank. Others require banks to wait for a certain period before they can issue a chargeback. The shorthand description is “Cancelled Recurring Transaction. In the world of chargebacks, card networks almost always side with cardholders. First Chargeback failed: Reason Code 4837 not allowed under “issuer auths, they own” chargeback rules: 100001: 400: INVALID_REQUEST:Here is an overview of how the general chargeback process works with most major processors (we’ll get into how Square does it down below) Step 1: A purchase occurs. A chargeback is a reversal of funds following a debit or credit card purchase, set in motion when the customer files a dispute over the charge with their bank or credit card provider. UA06 Fraud – Chip and PIN Transaction. Chargeback reason code 4837: No Cardholder Authorization applies in situations where customers claim a card transaction was unauthorized, but do not feel the issue can be resolved through the merchant. This code helps you identify the exact cause of the dispute. The process is often troublesome; most times, reason codes do not show the actual basis why customer is disputing a transaction. Step 2: Customer initiates the chargeback. In this instance, the cardholder claims a misrepresentation of the order they received, such as a defect, damage, counterfeit, or incomplete merchandise. It gets worse. 9% and 100 chargebacks per month], you can get into the excessive chargeback program, which can cause penalties of up to $50 per chargeback. The chargeback can be for the total transaction amount or a lesser amount. Whether the CID — the four-digit security code on the front of the Card — matches the issuer’s records. 4808: This code can refer to: Account Number Not on File. Description of Change Where to Look • Require cardholder letter, email or Expedited Dispute Form in first chargebacks for Cardholder Disputes reason codes involving2. g. FR6 Partial Immediate Chargeback Program. Which fraud reason codes will be included in EMV Liability Shift? How are Lost/Stolen transactions affected? A. Across open networks and include account numbers sent over email, instant messaging, text, or chat. The customer regrets their purchase. 3? Visa chargeback reason code 13. How many chargeback reason codes are there? Among the four major credit card networks, there are a total of 151 reason codes. 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. United States. Below are some examples of more common reason codes. Clearing. A false decline on a credit card or debit transaction occurs when a legitimate card purchase is rejected by mistake. If you accept credit cards, you accept that some customers will request refunds. There are a variety of issues that can serve as the root causes of a chargeback, ranging from fraud to improper card processing to dissatisfaction with the quality of the goods or services provided. A risk department can accurately analyze what the issue is with their merchant by seeing the individual reason code,” Cirone explained. 4. 8% with at least 1,000 total disputes. Below are some examples of more common reason codes. GraphQL Docs & Tools. There are four primary phases to a Visa dispute: After Visa adopted VCR processes, most card networks altered their dispute cycles to be more in line with that used by Visa. • Section 4: Chargeback Reason Codes—Contains detailed information on the reason codes for the most common types of chargebacks that merchants receive. Kristen Walters. Most Common Chargeback Reason Codes #3: Order Significantly Not as Described. If your chargeback ratio is high [i. Terms and conditions. For that matter, fraud prevention tactics such as AVS and CVV can be bolstered by adding advanced safeguards like 3D secure, automated transaction scoring, fingerprinting, and device ID tools. Acquirer Use of Message Reason Code 7623. Laundering: The merchant carried out transactions without a legitimate cardholder’s involvement. Chargeback guarantees usually carry some fine print—they may only cover certain chargeback reason codes, or only cover costs up to a certain dollar amount. Time Frames by Chargeback Type and Reason Code. Additionally, evidence suggests merchants win more than 30% of chargeback disputes. How many chargeback reason codes exist? There are 151 reason codes across the four major card networks. Visa Chargeback Life Cycle. Card issuers and card networks deem certain chargeback codes to be nearly indisputable by merchants, and as a result, a merchant can be charged a fee of up to $500 by card networks for submitting a dispute of such chargebacks. Check with the issuing banks to determine what time limits may apply to you. STEP #7: Bank Review & Decisioning. 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. Visa Claims Resolution is a Visa-specific platform that seeks to declutter and streamline the consumer dispute and chargeback resolution process. These may impact the dispute time limits. CHARGEBACK REASON CODESChargebacks. The 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. 4: Other fraud: Card-absent environment: VCR Dispute Reason Code 13. By evaluating the accompanying chargeback back reason code, you can pinpoint the problem and adjust your operations to avoid future chargebacks for the same reason. The assigned chargeback reason code outlines why a customer submitted the dispute. Please note that the most common Chargeback reason code for Allocation disputes is 10. 1? Visa chargeback reason code 12. You’ll put that reason code, the transaction amount and authorization number, and state that the. Consider using all the tools available to you—including Visa Secure, card security code (CVV2), and Address Verification Service (AVS). Nevertheless, you must respond to the chargeback based on the given code. Issuers will not have the ability to submit lost/stolen fraud chargebacks for chip-on-chip (contact or contactless) AFD transactions. These codes are notoriously inaccurate; in fact, first-party fraud is predicated on reason codes being inaccurate. If one member believed the other violated a Visa rule when handling a chargeback, they filed a pre-compliance. com Europe. When a cardholder makes a purchase, but regrets it later, they may file a chargeback to recoup their money. You can learn more about each one by visiting the Mastercard Chargeback Guide. American Express chargeback reason code C02 falls under the “Card Member Disputes” category. A reason code is an alphanumeric string of text an issuing bank attaches to a chargeback dispute to explain its cause. 4: “Other Fraud. Adventures In AI. For details on how to receive notifications of chargebacks, accept or dispute them, and submit evidence to. 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. Learn about the different chargeback reason codes and what they mean. Mastercard: Reason Code 4859 Service not rendered. . In both instances if the Merchant wishes to withdraw from an arbitration case, Visa will charge the amount of 500. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. What is Visa chargeback reason code 13. UA05 Fraud – Chip Counterfeit Transaction. Chargeback reason American Express reason code Discover reason code Mastercard reason code Visa reason code; Cancelled subscription: C28: NF: 4841: 13. 98: Other: Good Faith Collection: 99: Other:Dispute Reason Code: A specific code associated with the reason given by the buyer for initiating the chargeback. Both EFM and ECM measure compliance at the MID level. 634. Mastercard issuers use merchant advice codes to respond to authorization requests, and as a communication tool with merchants regarding a cardholder's account. Thus, the easiest way to prevent chargeback reason code 75 from being. To help merchants understand the underlying issue of each chargeback, American Express has created specific chargeback reason codes to help business owners interpret chargebacks. These chargebacks will show up under reason codes that will, on first glance, appear legitimate. With that said, you still need to understand the reason codes with any chargebacks from Amex. Visa Chargeback Reason Codes; MasterCard. 3. By entering your email, you agree to receive marketing emails from Shopify. Discover: Reason Code 4755 Non-receipts of goods or services. For most cardholders, the easiest way to dispute a charge is to contact their issuing bank through their preferred customer service channel. 3 No Authorization. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. com Europe. Description of Change Where to Look • Require cardholder letter, email or Expedited Dispute Form in first chargebacks for Cardholder Disputes reason codes involvingA chargeback reason code is a 2-to-4-digit alphanumeric code given by the issuing bank tangled in a chargeback. A reason code is an alphanumeric code that explains the reason behind the dispute. The terminal action codes are in Table 122 of the 4. Automate Tasks & Streamline Processes Let Midigator remove complexities and improve the efficiency of your chargeback management strategy. 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 . Discover chargeback reason code 7030. Next, you can log in to your PayPal account and click on Open Cases in the Resolution Centre. Some payment service providers like PayPal and Stripe have their own reason codes as well. 3 may be able to represent the transaction and reverse the chargeback with the right compelling evidence. processed the transaction correctly. In these situations, a merchant’s billing descriptor is simply not recognized by the customer. Here’s a comprehensive list of Mastercard chargeback reason codes that you might see on your screen: 4807: Warning Bulletin File. See moreChargeback reason code 98 was used to describe any exception that fell into that category. About American Express chargeback reason codes. 4853 Cardholder Dispute. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. 6:. The following are reason codes for the same scenario: Visa: Reason Code 30 Services not provided or merchandise not received. Visa Chargeback Reason Codes. It depends on the chargeback reason code associated with the dispute. Mastercard Chargeback Reason Code 70: Chip Liability Shift. But first, here are the two most common types of consumer chargeback fraud. This code tells you why the customer or bank initiated the dispute. MASTERCARD. What stands out about the Discover reason codes list, though, is most of the codes are alphabetically-noted rather than numeric. Reason codes are very crucial to assist. Chargebacks911 can create a customized solution to fit your specific business. many chargeback reason codes that exist today. [1] Sift. For best results, your chargeback win rate should be as close to 100% as possible. 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. The process is often troublesome; most times, reason codes do not show the actual basis why customer is disputing a transaction. Some credit card companies also include a short phrase describing the code and chargeback. If you're contesting a chargeback, you'll need solid evidence. Reason. 2. What Are Chargeback Reason Codes? Chargeback reason codes identify the general reason behind a chargeback. The payment was declined because the card is reported lost. However, you’re not alone; they create headaches for many players within the Mastercard ecosystem. Pre- Compliance Chargebacks & Reason Code 98 Explained Chargeback Gurus 773 subscribers Subscribe Share 459 views 2 years ago Ready to see how. The exact time frame will vary based on factors such as the reason code or the card network. ” 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. The length and structure of Reason Codes changed from a current two-digit code to four to six digits that contains decimal(s) point(s). Chargeback /Dispute; Merchant Response. Fee Collection failed: Fee Collection with reason 7611 has max amount of 15. Read the Chargeback Advice letter carefully. 634. M49 Vehicle Rental – Theft or Loss of Use. Some Mastercard reason codes (4808, 4870, and 4871) proceed directly to arbitration if the issuer does not accept the merchant's representment. ; Resources. At the same time, the average chargeback costs $191, with merchants bearing more than two-thirds of the financial impact. Discover Chargeback Reason Codes Explained. The scammer claims to be from the bank, and is seeking to confirm a specific transaction, which the victim denies. Updated: Valid values updated. While there are many chargeback reason codes, all chargebacks fall into one of three categories:The chargeback period, or the time limit for filing a chargeback, depends on the card scheme and the chargeback reason code. We’ll send you a notification, request for relevant information, and temporarily hold the transaction funds. 2 – EMV Liability Shift Non-Counterfeit Fraud 10. If one of your customers issues a chargeback through their bank, you have the chance to dispute it and win back the funds. The customer is claiming that this purchase was not authorized. Be sure you understand the cardholder’s claim. For example, suppose a cardholder filed a case about an order processing issue, and you disputed the chargeback. 0 and its benefits; Difference between current and. Specify the default reason code that you want the system to assign when you enter a chargeback amount. A02 No Valid Authorization. 9% with at least 100 total disputes. Visa chargeback reason code 75 is filed as an honest mistake. UA02 Fraud – Card Not Present Transaction. 11. Assemble Your Evidence. This list was generated 5/4/2022.