The cardholder’s bank received a notice from the cardholder claiming that the terms of the sale were misrepresented.
The terms of sale were misrepresented for a transaction involving the following merchant types such as:
The merchandise or services were not misrepresented.
Provide documentation to prove the terms of sale were not misrepresented or for investments evidence that there are no funds to withdraw.
The merchandise or services were misrepresented.
Accept the dispute.
You have already processed a credit or reversal for the transaction.
Provide documentation of the credit or reversal; include the amount and the date it was processed.
The cardholder no longer disputes the transaction.
Provide a letter or email from the cardholder that states they no longer dispute the transaction.
How to avoid this dispute in the future
For more information, please see Dispute Management Guidelines for Visa Merchants.
Acquirer's approach or timelines may be different and you should adhere with your current Acquirer's process. Not all disputes apply to every country/region, please check with your acquirer for further information.