Do you have a business on the terminated merchant file (TMF) list or MATCH List? This list was created by MasterCard to keep track of all business owners whose credit processing services have been terminated by previous providers. This list is supposed to protect future payment processors from fraudulent businesses. But merchants can appear on the list for a variety of reasons that aren’t malicious. Unfortunately, the MATCH list is viewed as a blacklist by banks and other credible payment processors. In addition, merchants placed on the list can have a long and arduous battle when trying to get off the list, even if they were placed there in error. Information on the MATCH list may not be up to date or even confirmed by the acquiring bank that placed the merchant on the list. And once a merchant is on the list, it can be very taxing to get a new merchant account from another bank.
How Can I Get On the List
A merchant’s name, business partners, and principal are placed on the MATCH list. There are a few ways that merchants can find themselves on the TMF list.
Disqualifying 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”
- Excessive deposits for transactions without cardholders authorization
- Excessive chargebacks caused by business practices or procedures
- Sufficient evidence that merchant is engaging in fraudulent activities.
EMB knows that everyone makes mistakes. Just because your business is placed on the TMF list, doesn’t make it illegitimate. EMB’s philosophy is simple; if your business wasn’t placed on the list due to an unpaid balance to your previous processor, EMB will accept your merchant account.
To get a TMF merchant account with us, your business must keep its 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 merchant account open and profitable with our secure payment gateways.