Reason Code

A code used to provide additional information about a transaction and (typically) a rejection or change in status.

This code is a identifier used in the payment industry to categorize and provide explanations for specific transaction-related events or occurrences. Reason codes are utilized to communicate the underlying causes or explanations for various transaction outcomes, such as chargebacks, declines, or other payment-related issues. They serve as a reference point for both merchants and financial institutions, assisting in the analysis and resolution of transaction disputes, errors, or discrepancies.