Description of Reason Code 4847
Exceeds Floor Limit - Not Authorized and Fraudulent Transaction
Insights from Rules and Regulations
This chargeback occurs when we are not able to verify that an authorization code was obtained for the transaction at the time of the original sale. In addition, the cardholder states they did not participate in the transaction. The Chargeback may be reversed by supplying information such as the method and date a valid authorization code was obtained, as well as any documentation proving the cardholder did participate in the transactions, or evidence that a credit was issued.
How to Win Reason Code 4847
Milton's hunting store has a floor limit of $10.00. A customer purchases supplies from him at a total of $10.00. The customer leaves quickly before Milton is able to have him sign the receipt. The customer disputes the charge based on exceeding the floor limit.
Transaction Modifiers applicable to Reason Code 4847
Additional Information About Reason Code 4847
Reason code is categorized: MasterCard