How to get a merchant account when your on the TMF list

Sep 19, 2013

The TMF list, better known as the Terminated Merchant File, is not necessarily the end of the line for a merchant account. First, you must identify if you deserve to be on the TMF list, and if you don’t, then you have some major work ahead.

First things first

You will need to return to the scene of the crime, more or less. You’re going to have to contact the bank or merchant account servicer that you had and find out what and why you have been placed on the list. After that, many things can happen.

If you have too many chargebacks from customers, you’re going to need to clear all that up, along with anything else you left dangling. If you really want a new merchant account or start this one up again, you are going to need to walk a tight line of honesty to return to the good graces of the bank or servicer.

If a code is the only thing showing up on your report when you start your investigation, you can go here- It shows a list with the codes that will help identify what has happened.

Getting away from the list

It’s not going to be easy. Much like purgatory, you have a lot of work ahead of you, and things are going to get hot. You will need to follow their guidelines and jump through some hoops. You may even get your account back, or apply for a new one. The waiting will be the worst; after all, you just spent a whole lot of time clearing things up. They more than likely will deny you, but if they do, you still have options.

Meet with them and go over everything. Maybe ask for some stipulations for you to follow. Maybe ask for a six-month probationary period, or raise the percentage rate you pay to them for a short-term period. Whatever it is, if you REALLY want this merchant account, you are going to have to work for it.

There are others

Even if you follow the rules and the old account can’t be resuscitated, there are still merchant accounts out there to be had like The High Risk Guys. Be wary and do your investigation on any account that you are looking into. You don’t want to be a victim of fraud. Which is exactly what the bank or servicer was trying to prevent, to begin with.

Watch yourself

So if you have a merchant account, take care of it. If you are having issues, it would behoove you to work extra and keep it. You really don’t want to end up on the TMF list. And you are already working hard to run your business and keep income coming in.

Follow the rules and keep things up and up. Fraud is not something you want to be accused of and if you land on the TMF list, that is exactly what you will be fighting against. Good luck with your choices.


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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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