Chargeback Reason Code
Chargeback Reason Codes are alphanumeric identifiers major card networks provide to classify the justification behind a chargeback. Each code specifies the nature of the dispute, guiding merchants on the type of evidence required to contest the chargeback.
These codes serve as a communication bridge between issuing banks, merchants, and card networks, streamlining the chargeback resolution process. Understanding the specific reason code associated with a chargeback is crucial for merchants aiming to address and potentially reverse disputed transactions effectively.