Terms and conditions. 1 chargeback: 1. Code. Response M10 Vehicle Rental – Capital Damages. C08 – Goods / Services Not Received or Only Partially Received. Summary of Changes, 13 December 2018REQUEST A DEMO. If they think it does, they assign it a reason code and credit the funds back to the cardholder’s account. 2. Mastercard: Reason Code 4859 Service not rendered. Mastercard also considers some chargeback reason codes to be indisputable. We want to clarify: this doesn’t imply that a transaction ID can reliably prevent chargebacks and fraud. Chargeback reason codes are set by the card networks and used by card issuers to categorize chargebacks. Cause. Discover chargeback reason codes are divided into three categories: service disputes, processing errors, and fraud. the transaction adjustment date for an ATM cash disbursement or PIN-authenticated debit transaction. Reason. Time and Labor. All ACH return reason codes consist of the letter “R” followed by two. All ACH return reason codes consist of the letter “R” followed by two. TC40 data is used to inform banks and card networks when a merchant has an outstanding fraud. Chargeback time limits vary depending on the reason for the dispute. Identity theft and account breaches in which the merchant is the victim, for example, fall under reason codes 01, 02, and 14. 4 Funding Process. As we touched on earlier, chargebacks can happen due to technical errors. This means the. 3 may be able to represent the transaction and reverse the chargeback with the right compelling evidence. Invalid Reasons for a Dispute Updated August 23, 2023. 4: Other Fraud–Card-Absent Environment. If more information is needed, you’ll either receive an Inquiry or a Chargeback. 634. By entering your email, you agree to receive marketing emails from Shopify. FR4 Immediate Chargeback Program. Reason Code North-America: Canada and United States of America; Reason Code: All other countries;. Each bank card network has its owner list of reason codes banks must prefer from. 105. 1. EMV Liability Shift Counterfeit Fraud. Receive the Chargeback. Reason codes vary by card brand. A reason code is an alphanumeric string of text an issuing bank attaches to a chargeback dispute to explain its cause. This extra step can be frustrating for Card Members and lead to lost sales. There are a number of chargeback reason codes that are dedicated specifically to transaction errors. S. In the world of chargebacks, card networks almost always side with cardholders. Once you submit the documentation to Wave, our Disputes Resolution Team will work on the case, and submit the required information to the bank on your behalf. 3 No Authorization. American Express: Reason Code C08 Goods or services. Please note that the most common Chargeback reason code for Allocation disputes is 10. Consider using all the tools available to you—including Visa Secure, card security code (CVV2), and Address Verification Service (AVS). United States. Encrypt transmission of. Cardholders can dispute digital goods transactions of $25 or less (or the equivalent in local currency) if certain purchase controls were not put. Vantage HouseEarly Warning: Reaching a chargeback ratio of 0. Guide to Chargeback Reason Codes Your comprehensive guide to chargeback reason codes, transaction modifiers, time limits, and compelling evidence for the four major card. Message. 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. 101. By entering your email, you agree to receive marketing emails from Shopify. It can protect against criminal fraud attacks, but equally important, it protects you from liability due to fraud and other losses. Discover Chargeback CodesMDR also retired reason code 4840 – Fraudulent Processing of Transactions. But cardholders and merchants have different time limits. If you did not receive the email, open Mave, Wave’s automated chatbot, and. 1. The incorrect amount being charged. However, the 30 day waiting period can be waived if you’ve. Chargeback reason code 4853 can be used to indicate disputes where the cardholder simply claims that the merchant never delivered on what was promised. Learn in detail about the dispute reason codes and documents required for representation. The code can be used in multiple specific situations; when necessary, an additional message will be provided along with the reason code to inform the merchant which particular type of chargeback. EFM MONTHLY CRITERIA NUMBER OF E-COMMERCE TRANSACTIONS FRAUD CHARGEBACK AMOUNT FRAUD CHARGEBACK RATIO BASIS POINTS (BPS) 3DS UTILIZATION (EMV 3DS + DATA. The cashier doesn’t realize that the payment went through and also accepted the debit card. 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. The shorthand description is “Paid by Other Means. C14 – Paid by Other Means. 6). 1. An issuer can initiate a first chargeback when the circumstances of the transaction meet the requirement of a chargeback reason code described in the Chargeback Guide. many chargeback reason codes that exist today. C14. Added the following fields - Store ID, Credit Card Chargeback Reason Code. CB CD (chargeback reason code) Enter the code that identifies the reason that a chargeback was generated for an invoice during receipt entry. 103. It can range from 60 to 120 days from the billing date. United States;. Use clear and consistent billing descriptors. 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. 0: Changed report name from Downloadable Dispute Report to Case Report. 02/10/16 Added Debit Chargeback Reason Codes. Chargebacks911® can help your business manage all aspects of chargeback reason codes, using proprietary technologies and experience. Mastercard Chargeback Reason Code 73: Duplicate Transaction. 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. Responding to Mastercard Reason Code 4853 Chargebacks. You can learn more about each one by visiting the Mastercard Chargeback Guide. Merchants. The time limits for responding to a chargeback also vary based on the card scheme and the chargeback reason code. Always ask for authorization regardless of the transaction amount. Then, they charge the merchant this credit amount to compensate for the bank’s loss, plus a. 18167 US Highway 19 N Clearwater, FL 33764 877. The usual period that card networks will accept chargeback disputes is up to 120 days from the date of the settlement for the charge. How many chargeback reason codes exist? There are 151 reason codes across the four major card networks. Try Shopify free for 3 days, no credit card required. Visa reason code 53 is used for Chargeback for Defective/Not as Described, and reason code 85 is used for Credit Not Processed. ; Resources. 1 Quick Reference Lead. ACH return codes are a type of shorthand for specific information concerning the return, much like the card decline codes or dispute reason codes used by credit card networks. Get your complete guide to the new Visa reason codes, including all the detailed information, chargeback time limits, and other important information you need. Learn the details, the cause, how to respond and how to prevent. Discover chargeback reason code 7030. Dispute Category. The chargeback can be for the total transaction amount or a lesser amount. EXIDRL–IKVFDLIONCFKNQLOFC AMEX CODE A01What stands out about the Discover reason codes list, though, is most of the codes are alphabetically-noted rather than numeric. There are over 80 unique return codes, and each one represents a different type of return. The chargeback system is built around reason codes, but as it turns out, those codes are notoriously inaccurate at showing the true source behind a claim. Dispute Category. C14 – Paid by Other Means. This chargeback will include a description that provides additional information: Digital Goods $25 or Less. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. 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. Reason codes are alphanumeric codes that provide the justification for granting a chargeback. Authorization Reason Codes. Take the time to note the following dispute reason codes for Visa. 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). Also, just like American Express, Discover functions as both a card network and an. 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. MasterCard chargeback reason code 4540. UA01 Fraud – Card Present Transaction. ”. Additionally, Amex uses a fifth "Miscellaneous" category. C02 = Credit not processed. C14 Paid by Other Means C15 Paid by other means/voucher provided C16 Billing out side of US and Canada C17 Card no valid in US C18 Canceled trans/no showTry Shopify free for 3 days, no credit card required. Find every single American Express Chargeback Reason Code, as well as information to help you prevent and win American Express dispute cases. 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. The merchant did not receive any returned merchandise. That said, looking up purchases using this number can make it easier to provide info following an. 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 TRRChargeback reason codes are one piece of evidence you can use to make your case. Fraud (10)& Authorization (11)Here’s how reason codes make it easy for you to check the status of your disputes or chargebacks: Mastercard Chargeback Reason Codes Demystified. Chargeback reason code 75 is issued when a card issuer receives a complaint from a cardholder stating that the name of the merchant that. 1. When one cardholder initiates a dispute with their issuing bank, a. 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. 7. Click on the categories below to view the American Express chargeback reason codes and access tips to help manage each one. A chargeback filed due to buyer’s remorse is a prime case. Timeframe: Under card network rules, a cardholder has up to 120 calendar days from the settlement date to initiate a chargeback (depending on the chargeback reason code). On that note, below are some vendor missteps that could result in Visa reason code 13. Visa uses chargeback reason code 75 to designate chargebacks caused by non-recognition of a credit card transaction by the cardholder. UA05 Fraud – Chip Counterfeit Transaction. Chargeback Code Authorization Errors; A01: Charge Amount Exceeds Authorization Amount: A02: No Valid Authorization: A08: Authorization Approval Expired:. Depending on the reason code, supporting documentation may include: Copies of the order confirmation, invoice, or receipt; Proof of. Merchants who believe they have received an invalid chargeback under reason code 13. 4853 – Cardholder Dispute – Goods or Services Not Provided. Click on the Chargeback Reason Code drop-down menu, the user can change the. 4 Other Fraud Card Absent. The shorthand description is “Goods/Services Not as Described. In this instance, the cardholder claims a misrepresentation of the order they received, such as a defect, damage, counterfeit, or incomplete merchandise. The following are reason codes for the same scenario: Visa: Reason Code 30 Services not provided or merchandise not received. Reason Codes Category 4: Processing Errors. Unauthorized returns (R05, R07, R10, R29, R51): 0. 1 chargeback: 1. Include any terms relevant to the transaction, including return, cancellation and. Authorization. Get your complete guide to Mastercard reason codes, including all the detailed information, chargeback time limits, and other important information you need. As soon as a customer requests a chargeback, their bank will reach out to the business’s bank and give them a heads-up that the chargeback has been requested. Reason Code 12. Administrative returns (R02, R03, R04): 3%. 1. Chargeback Reason Code Quick Reference Guide. Here’s a comprehensive list of Mastercard chargeback reason codes that you might see on your screen: 4807: Warning Bulletin File. This scenario applies when the arbitration was raised by either the. If a chargeback is issued, the cardholder’s bank reverses the fraudulent charge by giving them a provisional credit. Step 1: Identify the Source. The cardholder may be the customer or the someone who lent their card to a friend or relative. 1? Chargeback reason code 11. ”. 1 Merchandise/Services Not Received . Steps to Prevention. One of three things will happen: The issuer rules in your favor: Your representment case validates the original transaction. These reason codes indicate disputes that occur as a result of inaction or wrong action on either party’s part (merchant or cardholder). Friendly fraud. chargeback_settlement: The gross shows negative if the chargeback was resolved in the buyer's favor, and the funds return to the buyer. In simple terms, an Electronic Commerce Indicator (ECI) is basically a 3-D Secure response code. 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. Betty's issuing bank assigned chargeback reason code 10. The business has the chance to refute the chargeback. American Express Chargebacks / 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. C14 - Paid by Other Means. Chargeback codes Last updated: August 16, 2023 Below you'll find a list of chargeback codes along with an explanation of what each one means, covering both. For example, Mastercard has a code which indicates a ‘consumer dispute. See moreAmerican Express chargeback reason code C14 falls under the “Card Member Disputes” category. Time limits vary by card network and reason code, though, so you should look into the specific terms tied to the reason code. Paid by Other Means. If a no-authorization claim is based on merchant activity, there are steps the merchant should take to avoid a recurrence. com. Region Only) 4855 Goods or Services Not Provided. 11/03/15 Updated these MasterCard. C18 – “No Show” or CARDeposit Cancelled. Chargeback Report. Processed a transaction, but the cardholder paid for the same product or service by other means. What stands out about the Discover reason codes list, though, is most of the codes are alphabetically-noted rather than numeric. Card Type Reason Code Reason Text Chargeback Category Preventable Reversible VISA 30 Services Not Provided or Merchandise Not Received Non-Receipt of Goods or Services NO YES VISA 41 Canceled Recurring Transaction Cancelled/Returned by CardholderCode 10. Whether the CID — the four-digit security code on the front of the Card — matches the issuer’s records. Your actions in response to a Reason Code 57 chargeback will depend on the particular circumstances, the most typical of which are listed in the table below: You did process the appropriate credit to your customer’s card account. Using the same link provided above, contact PayPal to report the scam. Please refer to chapter 5 for more information. 4 Updated Discover chapter for April (2012) Enhancements Chapter 2 1. Because it’s so easy for customers to initiate a chargeback, retailers are bound to experience a request at some. A reason code or a chargeback reason code is a string of symbols (numbers and letters). If the CID doesn’t match, merchants generally prompt the Card Member to re-enter it. 0. e. The customer regrets their purchase. Explanation. A truly effective chargeback management strategy must encompass prevention as well as disputing cases of friendly fraud. Download this sample Chargeback Rebuttal Letter. If the cardholder’s bank accepts the dispute, they will reverse the transaction, taking the funds back from the merchant and. 3. In all, there are four major categories of Chargeback Reason Codes. A chargeback happens when a customer requests for a transaction to be reversed. 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. About Us; Careers We're hiring! In The Press; Latest News; Events; Corporate Responsibility; Brand Resources; Contact Us. Codes are not often shared between issuers which means it can be difficult to remember the details of each. Under Visa Claims Resolution, the Visa dispute process is split into two different tracks, each with its own requirements. Let’s say you got a Visa chargeback with reason code 13. Click the Update Chargeback link to edit the chargeback details. Visa chargeback reason codes are used to categorize the reasons for a chargeback. If the order was genuinely not as described, then the cardholder has a case. In 2021, 43 percent of companies identified customer service delays as a top reason for their increase in chargebacks. A08 = Authorization approval expired. The reason code also presents a timeline to fight the chargeback and what evidence is needed to reverse the chargeback. The shorthand description is “Incorrect Account. For example, the dispute reason “Cardholder Does Not Recognize” is denoted under the Discover reason codes system as “AA. For example, Visa reason code 83 is one of the reason codes with several modifiers with which it’s associated. Your chargeback response must include at least one of the following items: Explanation and documentation to refute the cardholder’s claim. 2: Cancelled recurring transaction: VCR Dispute Reason Code 13. The goal is to reduce ‘friendly’ fraud chargebacks, helping sellers protect more of their hard-earned revenue. 1 falls under the “Processing Errors” category. The number one reason a merchant loses a chargeback dispute? Responding too late, followed by not responding according to the bank’s or card service’s specific requirements. Amex Chargeback Reason Code C14: Paid by Other Means Description Cardholder complaints with his card issuer that he was willing to pay for a transaction with the credit card, and he did complete the transaction but at the same time he changed his mind and used other means to pay for the same transaction i. Specifically, these updates only pertain to transactions that are charged back after Oct. C14 Paid by Other Means; C18 “No Show” or CARDeposit Canceled; C28 Canceled Recurring Billing;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. Issue a refund because they don’t accept returns, but they failed to communicate this policy to the customer clearly. Late Presentment Rules: Mastercard. the requested documentation, your account will be debited. Like traditional chargeback reason codes, an ACH return code indicates why the RDFI initiated the transaction reversal request. Chargeback reason code description – An explanation which provides the reason of raising a chargeback by the cardholder. The chargeback is ordered by the bank that issued the consumer's payment card. MasterCard does not have an equivalent reason code. In general, the unauthorized use of a parent’s credit card by a child is not considered a legitimate reason for filing a chargeback, since it is not criminal fraud, and the customer received the purchased goods or services. A customer payment dispute, more commonly called a “chargeback,” happens when a cardholder disputes (challenges) a payment card transaction and asks the card-issuing bank to reverse it. C14: Paid by Other Means: None: Card Member Disputes: C18 “No Show” or CARDeposit Canceled: None: Card Member Disputes: C28: Canceled. Inform the cardholder when you issue the credit. 4. As we touched on earlier, chargebacks can happen due to technical errors. Cardholder-Activated Terminal (CAT) 3 Device. 1. The most comprehensive guide to chargeback reason codes. No two merchants will get exactly the same chargebacks for the same reasons, but there are definite patterns depending on the market you serve. The system does not accept blank as a value, even if it is defined in the user defined code table. Either the acquiring or issuing bank could initiate the. MasterCard: Reason Code 4859 Services not rendered. Once filed, the merchant generally has 20. Managing Reason Code 41 chargebacks. 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. prenotification of chargeback, depending on the chargeback reason code, to the agency requesting additional documentation to properly dispute and remedy the chargeback. “American. Expedited Dispute Resolution forms will not be allowed. The implication is that the merchant is at fault. Now, 10. Once filed, the merchant generally has 20 days to respond to the chargeback. VCR tables (Figures 1 and 2) map the old Reason Code to its new Reason Code. Unfortunately, the final decision in such cases comes down to the issuing bank, and not all. Invalid Reasons for a DisputeUpdated August 23, 2023. Solutions. WEX began issuing chip cards in Q4, 2020. It should ultimately help prevent fraud and unwarranted chargebacks, specifically applying to disputes marked with a Visa reason code 10. Mastercard: n/a This chargeback is caused by Authorization. It depends on the chargeback reason code associated with the dispute. 4 Other Fraud Card Absent. F02. The reason code. Each card issuer follows their own standards for defining reason type, code and its format. 1: Use the corresponding dates from the invoice. Each chargeback reason code has its own set of specific documentation requirements so merchants should familiarize. There are set rules in place for Discover to streamline transaction disputes and chargeback disputes: Customers have 120 days to dispute a transaction. 5%. The process is often troublesome; most times, reason codes do not show the actual basis why customer is disputing a transaction. The time limit for Reason Code 90 is 45 calendar days from the transaction processing date. The codes for each card brand are listed below along with the recommended documentation to provide. Because it’s so easy for customers to initiate a chargeback, retailers are bound to experience a request at. Chargeback time limits vary widely depending on the issuing bank, and the chargeback code or reason. MasterCard does not have a reason code that exactly matches Visa’s 86. Through 2021, we. Here are some chargeback reason codes by card type. com 14. Chargeback Reason Codes List for Mastercard Chargeback Code Chargeback Reason 4801 Requested Transaction Data Not Received 4802 Requested / Required Information Illegible or Missing 4807 Warning Bulletin File 4808 Requested / Required Authorisation Not Obtained 4812 Account Number Not on File 4831 Transaction Amount Differs 4834 Duplicate. Discover: Reason Code 4755 Non-receipt of goods or services. 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 TRR To help simplify things, we’ve compiled a list of chargeback codes used by the four major card networks: Visa, Mastercard, American Express, and Discover. For each reason code, a definition is provided along with the merchant’s actions—or failure to act—that may have caused the chargeback,The situation grows more tenuous when you realize most of those chargebacks were likely the result of friendly fraud. 4853 – Cardholder Dispute – Credit Posted as a Purchase. Chargeback time frames - A specific period during which a chargeback can be raised. This scenario applies when the arbitration was raised by either the Issuer or the Acquirer. According to Nilson, 56% of global card transactions were done on Visa in 2015. ”. M01 Chargeback Authorization. Each of the major card brands, including Visa, Mastercard, and others, have their own system of reason codes. • Chargeback – a message sent via the card brand network to debit the merchant and credit the issuer for a cardholder dispute. 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. Stage #1: Awareness - be aware of the chargeback response time limitWe are writing to dispute the $1980 chargeback with the chargeback reason code 30 Services Not Provided or Merchandise Not Received. So don’t spend another second worrying about chargebacks. Complete Guide to Visa Compelling Evidence Update CE 3. About American Express chargeback reason codes. Whenever a chargeback is initiated, a code is passed through from the issuing bank that gives a reason for the dispute. This means the cardholder claims that they paid for their purchase with a different payment method, but the merchant charged their credit card anyway. For each claim, you must craft your representment to suit the reason code under which the bank filed the chargeback. 00 EUR as a Withdrawal fee. Chapter 5. The victim is given a check to reimburse them for the cost of the purchase. 3. 4 applies to eCommerce, whereas code 10. Each card network maintains reason codes to cover all the disputes that qualify for. C14. For U. New Visa CE 3. Credit 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. Here are the most common: Fraud: When a purchase was made on a credit card without the authorization or consent of the cardholder. 0 hour of labor. Specify the invoice date and net due date to assign to chargebacks. September 2011: 5. Victims apply for a legitimate-sounding work-from-home position, but are required to buy a laptop or other equipment. Learn the details, the cause, how to respond and how to prevent Visa Reason Code 13. In fact, the same thing could be said of other chargeback reason codes, too. The merchant didn’t: Issue a refund for canceled or returned merchandise. In these situations, a merchant’s billing descriptor is simply not recognized by the customer. Merchants who believe they have received an invalid chargeback under reason code 12. Visa chargeback reason codes. EMV Liability Shift Non-Counterfeit Fraud. Card Recovery Bulletin Authorization Visa Code: 11. Here’s a look at the reason codes for the same scenario from the major credit card companies: Visa: Reason Code 30 Services not provided or merchandise not received. The time limits for responding to a chargeback also vary based on the card scheme and the chargeback reason code. American Express: Reason Code C08 Goods or services not received. C14: Paid By. If one member believed the other violated a Visa rule when handling a chargeback, they filed a pre-compliance chargeback for compensation. Cardholder Disputes. Ensure card-present transactions are magnetic stripe read or chip-read. MasterCard chargeback reason codes are a set of four digits beginning with the 48xx. Reason Code 53 Re-presentment Conditions. The following are some examples: Visa Reason Code 13. Card Brand Code Description. Vendors that do not have a well-drafted shipping and order fulfillment policy are susceptible to this category of Shopify chargebacks. Every of the major card brands, the inclusion of Visa, MasterCard, and others, has its acknowledged system of reason codes. 4808: This code can refer to: Account Number Not on File. Reason codes are alphanumeric codes that provide the justification for granting a chargeback. 103. 1: Services not provided or merchandise not received: VCR Dispute Reason Code 13. Depending on the bank, chargeback fees can range anywhere from $20 to $100. Reason. People request chargebacks for all kinds of reasons—some sinister (like friendly fraud), some because the item they bought never arrived. Examples, processing a transaction even after the subscription is cancelled, defective items delivered, non-delivery of sold goods and so on. 2 may be able to represent the transaction and reverse the chargeback with the right compelling evidence. The merchant processed a transaction the cardholder wasn't a part of. The merchandise was as described or was not defective. For those facing a lower chargeback volume, however, alerts might not provide a positive ROI. Dec 6, 2021 — Betty's bank issued the chargeback for $9. MasterCard does not have a reason code that exactly matches Visa’s 86. High-Risk (Excessive): Reaching a chargeback ratio of. NOTE: Domestic Processing Violations are not a covered reason under new Visa chargeback codes. EMV Liability Shift Non-Counterfeit Fraud. Both Visa and MasterCard use special Reason Codes to designate chargebacks resulting from a late deposit of credit card transactions. How to Manage ‘Late Presentment’ Chargebacks. Scenario 2. 4846. This code applies when valid authorization for a transaction was. Modified the matching 68 xG criteria for Refund transaction 04-09-2015 1.