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.
