09-07-2021, 02:15 AM
Chargeback Reason Codes in Card Payments
Covering the usual types of reason codes in payment chargebacks, what they represent, and what merchants should do
1.5 hours on-demand video
Description
THE CHARGEBACK WAY OF LIFE
You may know that a merchant (or their bank, the acquirer/merchant bank), chargebacks are a nightmare.
In short, a credit card owner claims they should obtain their money back due to something that went wrong in a transaction.
Fraud, disputes over the goods, authorization errors, and many other types come in here.
Chargebacks represent difficult obstacles for both acquiring and issuing bank.
Each chargeback is usually represent by something called the "reason code", which (unsurprisingly), states the reason for that chargeback.
Therefore, for any payment professional that deals with credit card transactions, knowing the usual reason codes is essential.
Naturally, these change depending on the credit card company. But there are general patterns.
In this course, you are going to learn about the most common types of chargeback reason codes.
https://www.udemy.com/course/chargeback-reason-codes/?couponCode=42E36BB51B593CD89A22
Enjoy!
Covering the usual types of reason codes in payment chargebacks, what they represent, and what merchants should do
1.5 hours on-demand video
Description
THE CHARGEBACK WAY OF LIFE
You may know that a merchant (or their bank, the acquirer/merchant bank), chargebacks are a nightmare.
In short, a credit card owner claims they should obtain their money back due to something that went wrong in a transaction.
Fraud, disputes over the goods, authorization errors, and many other types come in here.
Chargebacks represent difficult obstacles for both acquiring and issuing bank.
Each chargeback is usually represent by something called the "reason code", which (unsurprisingly), states the reason for that chargeback.
Therefore, for any payment professional that deals with credit card transactions, knowing the usual reason codes is essential.
Naturally, these change depending on the credit card company. But there are general patterns.
In this course, you are going to learn about the most common types of chargeback reason codes.
https://www.udemy.com/course/chargeback-reason-codes/?couponCode=42E36BB51B593CD89A22
Enjoy!