TMF List Doesn’t Mean the End of Your Business

Aug 31, 2015

Is your business on the terminated merchant file (TMF) list? The TMF list is also known as the MATCH List. It is a system created and managed by MasterCard. It is mostly a list of businesses and owners whose credit card processing privileges were terminated. Why is this list important? Acquiring banks use the list to screen potential applicant merchant accounts to see if they have been terminated in the past. These same banks also have the power to add or remove merchants from the list.

Unfortunately, the MATCH list can act as a blackball list essentially keeping anyone on it from being eligible to acquire a merchant account from a credible payment processor. The real travesty of the list is that the information is often not verified or confirmed by the acquiring bank that places the merchant on the list. The merchant’s name, principal, and any business partners are all recorded on the MATCH list. And once a merchant is on the list, it is extremely difficult to get off the list to obtain a new merchant account from another bank.

If you want to open a new TMF merchant account, the acquiring bank searches the merchant applicant on the MATCH system, and can contact the prior bank who placed the merchant on the list. From there they can decide if they want to accept or decline applications.

eMerchantBroker isn’t phased by this. They know that many honest business owners can wind up on the TMF list. But this doesn’t mean the end of your business. There are a variety of reasons why you can wind up on the TMF list. You may have suffered from a higher than average chargeback rate, or chargeback sums may have been left unpaid. EMB specializes in providing merchants on the TMF list with merchant accounts with only one requirement – there are no unpaid balances owed to your previous processor.

The application is simple and user friendly. Unlike with the bank and other financial institutions, EMB doesn’t judge your business based on credit history or risk status. Don’t let your previous business trouble discourage you. eMerchantBroker can get you can get you on the road to recovery with their 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 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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