Chargeback Reason Code 71: Declined Authorization

Unfortunately, many chargebacks are caused by merchant error. Visa chargeback reason code 71 is the perfect example (Visa chargeback reason code 74 is another). Criminals and friendly fraudsters don’t cause these profit losses;

Chargeback Reason Code 57: Fraudulent Multiple Transactions

Each chargeback is accompanied by a numeric reason code. MasterCard and Visa chargeback reason codes very, but each credit card network maintains a list to help merchants understand what caused the disputed.

Reason Code 30: Services Not Provided or Merchandise Not Received

A reason code is assigned to each chargeback issued. It describes exactly why the dispute was filed. Since all the card networks have their own set of reason codes,

*UPDATE 2-18-15*

The payment processing industry is constantly evolving and changing. New technologies and policies can quickly make previous practices outdated.
As of April 2013, Visa has discontinued the use of Visa chargeback reason code 60.

Chargeback Reason Code 53: Not as Described or Defective Merchandise

Chargebacks are designed to give card users peace of mind while buying services and merchandise with their credit cards. Visa chargeback reason code 53 is one example of the explicit ways in which chargebacks protect consumers and ensure accountability of merchants.

Chargeback Reason Code 41: Canceled Recurring Transaction

Each of the credit card networks have their own set of chargeback reason codes. These reason codes are used to explain the cardholder’s grievance and help the merchant understand what led to the chargeback.

A Detailed Description of MasterCard and Visa Chargeback Reason Codes

Each chargeback is accompanied by a reason code. These numeric codes differ by card network, but all theoretically serve the same purpose: to describe the motivation behind the transaction dispute.

Chargeback Reason Code 74: Late Presentment

By analyzing chargeback reason codes, merchants are able to see patterns in their management efforts. For example, there are several Visa chargeback reason codes that result from transaction processing errors.

Chargeback Reason Code 76: Incorrect Currency or Transaction Code, or Domestic Transaction Processing Violation

Chargebacks that result from processing errors are costly and unnecessary. Visa chargeback reason code 76 is just such an example: a merchant doesn’t communicate properly or makes a simple processing mistake.

Chargeback Reason Code 62: Counterfeit Transaction

In general, the Visa reason codes are pretty easy to understand. The titles aptly describe what went wrong with the transaction. However, some aren’t as self-explanatory as others.