12.3 – Incorrect Currency

By September 18, 2018Reason Code, Visa

Dispute Condition Code



Why did I get a dispute with Visa reason code 12.3?

You mismanaged dynamic currency conversion—you either applied DCC after the cardholder declined it or you didn’t give the cardholder the chance to opt-out. Or, the currency you used to process the transaction doesn’t match what you sent through VisaNet.

How long can the issuer wait to file a dispute with Visa reason code 12.3?

The maximum amount of time that can pass between the transaction processing date and the dispute processing date is 120 calendar days.

What do I need to fight a dispute with Visa reason code 12.3?

  • If a dynamic currency conversion transaction was processed correctly, provide documentation that proves either the cardholder actively chose DCC or that DCC wasn’t applied to the transaction.
  • If you processed the transaction in the correct currency, provide documentation that proves the transaction currency.
  • If you have already processed a refund for the transaction in question, provide documentation that proves you have credited the cardholder’s account.
  • If the cardholder no longer wishes to dispute the transaction, provide documentation that proves the issue has been resolved.

How can I avoid a dispute with Visa reason code 12.3 in the future?

  • Don’t automatically apply DCC 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.

More VISA Reason Codes


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