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In a nutshell, chargeback alerts are notifications sent to merchants to inform them of a pending chargeback on a transaction. These alerts provide an opportunity for the merchant to proactively address the issue before it escalates into a formal chargeback. By avoiding the chargeback, the merchant can avoid the fees and higher chargeback ratios that could negatively impact their relationship with …

A terminal ID number, often abbreviated as TID, is a unique identifier assigned to a specific point-of-sale terminal or card reader. This number is essential for processing credit and debit card transactions, as it allows financial institutions and payment processors to track and manage each transaction originating from that particular terminal. The terminal ID ensures that all transaction informa…

An issuer decline code is provided by an issuing bank to a merchant, indicating the rejection of a credit card transaction. This means that the issuer has halted or blocked the transaction. The specific code gives a brief reason for why the issuer turned down the purchase. There are many reasons for an issuer to decline a transaction. Common reasons include suspected fraud and insufficient funds i…

Discover chargeback reason codes are specific numerical identifiers that help define the reasons for a cardholder’s dispute over a transaction. These codes categorize Discover card chargebacks into various types, such as fraudulent transactions, service problems, or processing errors. By doing so, they facilitate efficient dispute resolution for merchants and cardholders alike. Each reason code co…

American Express chargeback reason codes are a collection of identifiers used to classify different chargeback situations, reflecting the disputes raised by cardholders against sellers. These codes are vital for organizing disputes and determining the necessary next steps. Each chargeback is assigned a unique 3-digit alphanumeric code by Amex, pinpointing the reason for the dispute. Each major car…

Mastercard chargeback reason codes consist of a series of identifiers utilized to categorize various chargeback circumstances, which represent the disagreements raised by cardholders against merchants. These codes play a crucial role in organizing disputes and guiding the subsequent actions required. Each chargeback is linked to a distinctive 4-digit alphanumeric code provided by the cardholder’s …