credit card mocks 02 39

Mastercard Reason Code 4850 Installment Billing Dispute

Disputeโ€‹

Mastercard

Card Issuer Name

4850

Reason Code

Other

Category

Claim

The cardholder claims that they received an incorrect installment charge.

Cause

  • The transaction in question wasn’t an installment.
  • The merchant processed an incorrect installment amount.
  • The merchant processed the transaction prematurely.

Response

Cardholders and issuers have 120 days to file a dispute related to the claim against the merchant.
Merchants have 45 days to respond to the claim in dispute.

Steps to Prevention

  • Countercheck the installment transaction amounts before processing.
  • Train the staff to be accurate.
Justt

Written by

Justt

Apply for this position

Justt
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.