Frequently Asked Questions

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What does "late presentment" mean?

“Late Presentment” is a reason code description for three of the four card brands (reason code 12.1 for Visa, 4842 for Mastercard, and LP for Discover). It indicates that the merchant has not properly deposited the transaction amount within the card network’s acceptable time frame and a chargeback will be issued as a result.

Chargeback Reason Codes

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