Reason codes / VMSS codes / VMSS 29: Bankruptcy/Liquidation/Insolvency
VMSS code 29: Bankruptcy/Liquidation/Insolvency
Official definition and what it means for your removal request.
Definition
The Merchant or Third Party Agent can't fulfill its financial obligations due to potential or actual bankruptcy, insolvency, or suspension of business operations.
What this means in plain language
The business cannot meet its financial commitments—bankruptcy, insolvency, or stopped operations. Visa lists this when the acquirer believes the entity is no longer financially sound.
What you can do
If you were listed under VMSS code 29, you can submit a formal removal request to the PSP or acquirer that added you. They will review your case and, if satisfied, can request removal from the VMSS list. We help you draft and submit that request. See VMSS removal and all MATCH and VMSS reason codes.