What is a MATCH or TMF List and What Does it Mean to Merchants?

Feb 20, 2015

Hopefully you are reading this without having the misfortune of experiencing a termination of your merchant file. However, if you have just been informed of being added to the Terminated Merchant File (TMF) or MATCH list, then this information should help you understand what it means for you and how to get off of the list as quickly as possible.

First of all, don’t feel too badly about being added to the list. You’re not the only merchant who has been caught completely off guard by this. Unfortunately, most merchants are completely unaware of the situation until they have submitted an application for a new account elsewhere and find out that they have been declined.

This list goes by a couple of different names. It is called either a Terminated Merchant File (TMF) or MATCH (Member Alert to Control High-Risk). Terminated Merchant File was the term used the most in the past, but MATCH has become more commonly used as of late.

MATCH, created and managed by MasterCard, is essentially a database. It houses information about businesses and/or their owners whose credit card processing privileges have been terminated. Some of the reasons why a termination might occur include: too many chargebacks, money laundering or participating in fraudulent activities.

If you have received a “reason code”, you can find the meaning on the MasterCard website. If you have had the misfortune of being placed on the list, you can remain in the system for five years. This then leads to the question of how to get back off of this list.

If you were erroneously added to the file, you will have to meet with the bank that added you to the list. They might agree to have your name removed or change some of the file details. If your name on the list was caused by too many chargebacks, this issue can be corrected over time.

Once all of the chargebacks are rectified and no further chargebacks have been made, you can be removed from the list. If you have tried everything possible and you are still at a loss as to what to do. Your last option may be to seek legal counsel.

If you have found yourself in a bad situation, a high risk merchant account may be a great option for you. Many businesses and industries are labeled “high risk”, making it difficult for them to receive funding from traditional financial systems. Fortunately, providers like eMerchantBroker not only offer high risk merchant accounts, but they also make the process fast, simple and hassle free.

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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