Payment Processing Solutions Available to Merchants on TMF List

Nov 30, 2015

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.

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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