On the TMF List? No Problem

Dec 30, 2015

If your business is on the terminated merchant file (TMF) list or MATCH list, it is next to impossible to get a merchant account with reasonable rates. That’s because most payment processors use the list as justification to deny merchants, and won’t give merchants the chance to explain their positioning on the list. As a result, most small businesses on the MATCH list are consistently denied accounts no matter the reason. Fortunately, there are online payment processors like eMerchantBroker.com (EMB) that don’t care about the TMF list, and offer a full suite of services.

Why is the MATCH List So Dangerous?

When a merchant’s name is placed on the list, their business partners, and principal are also placed on the list. Most businesses are placed on the list because of the following acts:

  • Too many deposits for transactions without authorization from cardholders
  • Evidence of counterfeit activities
  • Evidence of money “laundering”
  • High chargebacks volumes due to procedures or business practices or procedures
  • Sufficient evidence that merchant is engaging in fraudulent activities.

The EMB Difference

So what makes EMB different from the other payment processors out there? EMB believes that good businesses deserve a second chance to be successful. Our policy is to consider any business placed on the TMF list for a merchant account, if the business does not have an unpaid balance from their previous processor. Unlike banks and other traditional entities, we don’t worry about a merchant’s past credit history, risk level, or experience. As long as you keep your charge back rate under 3%, we can carry your account and even get your business off the TMF list.

The application is easy and user friendly. Your business has the right to fair rates and professional oversight. Don’t settle for offshore payment processing or for paying astronomical rates. EMB can get your merchant account up and running in less than 48 hours. Don’t let previous failures keep you from fulfilling your dreams. If your business has the will to succeed, EMB has the tools to make it happen. Contact us to set up your TMF merchant account today.

Let us help you get a high risk merchant account today!

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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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