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Thread: question for RC 4842 "Late presentment"

  1. #1
    Junior Member mom1979 is on a distinguished road
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    question for RC 4842 "Late presentment"

    Dear members of the Forum,

    I am acquirer side
    We have financial loss from this chargeback.

    We received CB for several transaction worth USD 40,000.00 under RC 4842 with message "account closed"

    This CB right Because the period between the transaction date and the collection date more than 7 days

    The merchant taking all the money in his account
    The merchant is the reason for this delay,
    The entry mode for all transactions are magnetic stripe read 90

    Now, we did not have representment right in chargeback rule but we have financial loss from this chargeback and our merchant.

    Do you believe that there is a rule or law that could help me in reducing the loss?

    I hope the owners of experiences help me

    Thanks



  2. #2
    Junior Member usbbellek5 is on a distinguished road
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    Thank you for sharing. an interesting topic. + rep

  3. #3
    Junior Member flowen58 is on a distinguished road
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    a useful study. Thank you.

  4. #4
    Junior Member junesby22 is on a distinguished road
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    subject to a hard but successful. + rep

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