MasterCard Chargeback Reason Code 4847

Emily Vuitton1 Comment

MasterCard Chargeback Reason Code 4847

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

Use the Chargeback App to respond to MasterCard Chargeback Reason Code 4847.

The Chargeback App determines acceptable evidence based on network rules and can automatically gather the evidence needed to win by integrating to your payment services and sales platform.

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One Comment on “MasterCard Chargeback Reason Code 4847”

  1. Pingback: Floor Limit Chargeback Reason Codes | Chargeback

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