If you’re a high risk business, you may find it difficult to get approved for a merchant account for this or that reason. However, knowing what your high risk processor will require from you, you can take the right steps so that not to get refused. Below you can read the main reasons why your
Former merchant account holders are often taken by surprise when their application for a new account is rejected because they have apparently been added to the MATCH list. They, therefore, result in scrambling to find out what this list is all about. If you are reading this now, chances are, you are one of these
If your business is on the terminated merchant file (TMF) list or MATCH list, it will be nearly impossible to find a credible payment processor to handle your account. The MATCH list is managed by MasterCard and lists businesses and owners whose credit card processing privileges have been terminated. Why is this list so crucial?
If you wind up on the Terminated Merchants File (TMF) list, it can feel like the end for your business. This list is a compilation of merchants whose accounts have been closed because they ended on bad terms with a bank processor. Once placed on the list, your business and others related to your business
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