Is your business on the MATCH list or terminated merchant file (TMF) list. If so, you will have trouble acquiring a merchant account with reasonable rates if at all. Unfortunately, any business that appears on the MATCH list is almost guaranteed to be denied a merchant account. And once your business is placed on the list, it can be very difficult to get off even if you were placed on the list by mistake, or corrected the errors that put you there. Thankfully, progressive online payment processors like eMerchantBroker.com (EMB) believe that even businesses on the TMF list deserve the stability and support of an experienced payment processor.
On the MATCH list you’ll find: a merchant’s name, business partners, and principal. But how does one get on the list?
Qualifying acts include:
- A conviction for credit or debit card fraud in any federal, state or county court
- Evidence of counterfeit activities
- Evidence of money “laundering”
- Sufficient evidence that merchant is engaging in fraudulent activities.
- Excessive deposits for transactions without cardholders authorization
- Excessive chargebacks caused by business practices or procedures
If you’ve been place on the TMF list, it will take five years to be removed unless the bank that filed against your business removes it from the list. If you wish to be removed from the list, contact the provider that placed your business on the list and present evidence contesting placement. Sufficient evidence can successfully remove your merchant account from the list.
EMB knows that even good businesses can find themselves on the TMF list. Placement on the list doesn’t mean that your business isn’t viable and deserving of a merchant account with reasonable rates. Our philosophy is simple; unless your business was placed on the TMF list because of an unpaid balance to your previous processor, we will accept your merchant account. Also keep your chargeback rate below 3%. Our application is quick and user friendly. Your business shouldn’t be punished forever for being on the MATCH List. EMB can get your TMF merchant account ready for business with our secure payment gateways. Contact us to set up your TMF merchant account today.