Reason Code 4846 – Correct Transaction Currency Code Not Provided/Currency Error (Europe)
DESCRIPTION
Why did I receive this chargeback?
The cardholder claims you didn’t give the option to pick a currency or you used POI currency conversion incorrectly.
TIME LIMIT
How long can the issuer wait to file a chargeback?
The maximum amount of time that can pass between the transaction processing date and the chargeback processing date is 90 calendar days.
FIGHT
What compelling evidence is needed to respond?
Your chargeback response must include at least one of the following items:
- Proof the correct transaction amount and currency code were used
- Proof the merchant specified a currency indicator on the transaction receipt
PREVENT
How can I avoid this chargeback in the future?
- Don’t automatically apply dynamic currency conversion to transactions. Give customers the option to select the service if they are interested, but don’t require its use.
- Have systems in place to manage multiple currencies. Make sure staff are trained on procedures.
