Payout Reversal Reasons

This document outlines the possible reasons for payout reversals in the Tazapay system. When a payout is reversed, one of the following reason codes will be provided:

Payout Reversal Reason Codes

Reason Code	Description
PR1001	Invalid Or Closed Beneficiary Account
PR1002	Incorrect Beneficiary Details
PR1003	Account Not Eligible For Cross-Border Credits
PR1004	Dormant Or Restricted Account
PR2001	Sanctions Or Screening Failure
PR3001	Unclaimed Or Expired Payout
PR3002	Beneficiary Declined Payment
PR0001	Other

Account-Related Issues (PR1xxx)

PR1001 - Invalid Or Closed Beneficiary Account The beneficiary's account is either invalid or has been closed. The payout cannot be processed to this account.

PR1002 - Incorrect Beneficiary Details The beneficiary details provided (such as account number, routing information, or personal details) are incorrect or do not match the account.

PR1003 - Account Not Eligible For Cross-Border Credits The beneficiary's account is not configured to receive cross-border payments or international transfers.

PR1004 - Dormant Or Restricted Account The beneficiary's account is either dormant (inactive for an extended period) or has restrictions that prevent it from receiving payments.

Compliance Issues (PR2xxx)

PR2001 - Sanctions Or Screening Failure The payout failed compliance screening checks, such as sanctions lists or anti-money laundering (AML) regulations.

Beneficiary Action Issues (PR3xxx)

PR3001 - Unclaimed Or Expired Payout The payout was not claimed by the beneficiary within the specified timeframe and has expired.

PR3002 - Beneficiary Declined Payment The beneficiary has actively declined or rejected the payment.

Other Issues (PR0xxx)

PR0001 - Other The payout was reversed for reasons not covered by the specific codes above. Additional details may be provided in the transaction notes.