Finding out your merchant account has been closed is a serious setback, but it doesn’t have to be a permanent one. MATCH List is occasionally referred to as Terminated Merchant File. Terminated Merchant File (TMF) by NMA. You’re following the rules, and as far as you know, doing everything right. If so, you will have trouble acquiring a merchant account with reasonable rates if at all. Even if you’ve never been on the dreaded Terminated Merchant File (also known as MATCH) list, you need to take measures to ensure that you don’t end up on it. But TMF is more of a broad term that relates to any terminated merchant file, whereas the MATCH list refers specifically to the database that’s. Excessive. Terminated Merchant Files. Non-compliance. Software and E-Books. The key participants in this model are the acquirer, payment facilitator, and sponsored merchant. Open Search. Terminated Merchant File Garya. The MATCH List Is a Blacklist. Payment Gateway Processor:. TMF Terminated Merchant File is another term, which is coined by Visa is just a synonym of MATCH. Inquire against the MATCH database. Being placed on this list means that your merchant account has been terminated. TMF, MATCH file, and GNF: One of the most challenging things a merchant faces is going on the blacklist by the credit card companies, such as Visa/ Mastercard. The MATCH system is often referred to as the Terminated Merchant File (TMF). The Terminated Merchant File (TMF) is a database of merchants that financial institutions have marked as high-risk. Merchant Account: An account with an acquiring bank that enables a business or other organization to accept credit cards. The terminated merchant file (TMF) or TMF HIGH RISK MATCH list is used by credit card companies to screen potential merchants. Just like setting up an original or new merchant account, opening a replacement merchant account is a process but a more involved one. In addition, noncompliance can lead to your company being placed on the Visa/ MasterCard Terminated Merchant File (TMF). • Cannot be listed on the Terminated Merchant File (TMF), or similar files. It’s also referred to as a Terminated Merchant File (TMF). The TMF list is used by credit card processors to determine whether they should provide a merchant with a merchant account. Cliq is a merchant account provider that previously operated under the name CardFlex. Table of Contents Visa Global Acquirer Risk Standards: Visa Supplemental Requirements vi Visa Public 1 October 2018 Notice: This is VISA PUBLIC information. Merchants belonging to the MATCH often face more difficulty in obtaining a merchant account or payment processor. We also have a 24/7 open toll-free number +1 (727) 330 – 3944 for the users. If you’re on it then this sends up a red flag to banks that you’re a credit risk. We are the leading High Risk Merchant Account provider. The impact of chargebacks on a business’ bottom line is significant. A terminated merchant file ( TMF) is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. • Cannot act as a sponsor for another Payment Facilitator. CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. Know the Ways of Getting off the MATCH list. The Terminated Merchant File (TMF) is a list of business owners with flagged merchant accounts. Today, the terms “MATCH list” and “TMF list” are still used interchangeably, even though the TMF list no longer applies. The problem with this is, once you are on the TMF list, you will most likely *not* be able to get approved for another merchant account, and it is very difficult to be removed from. Payment processors check MATCH for each new potential account to mitigate their own risk and keep their business safe. • Cannot act as a sponsor for another Payment Facilitator. There are several reasons why you as a merchant can get blacklisted or MATCH’d. 60 just to take the money. You must meet the eligibility requirements in our . Being listed on the TMF match list can make it difficult for merchants to obtain new merchant accounts or payment processing services, as it. [2] The terminated merchant files are shared among processors and act as blacklists, where merchants with high. Card networks, how as Visa and Mastercard, operate databases known since Terminated Merchant Files (TMFs) that contains information about book that have been closed according credit card processors around aforementioned world for high chargebacks or violate of card type rules. And get hold of an expert for the resolution of the issues that you are facing. Check to ensure your name or the name of your business does not appear on the MATCH list. post Search Terminated Merchant; Download Visa Merchant Screening Service API Reference Termination Inquiry APIs. The Terminated Merchant File is shared among processors and acts as a blacklist, where merchants with high risk accounts or excessive. Some of the coded reasons provided by MasterCard as to why you could be listed as a Terminated merchant account are explained below. (888) 846-8901 info@attorneygl. Previously Terminated Merchants. If so, you will have trouble acquiring a merchant account with reasonable rates if at all. A lot of providers now offer month-to-month billing. Frozen or Terminated Merchant Account. While MasterCard created and maintains the MATCH list, all financial institutions, including Visa, Discover, and American Express, rely on it to. API. Since 1994, BankCardLaw has built relationships and achieved business – saving results in electronic payments and merchant credit card account matters. What’s even worse is the fact that once added into TMF, merchant service provider can refuse merchant’s request to open a new merchant. Code:Merchant expressly agrees and consents to such reporting if Merchant is terminated for any reason requiring listing on the MATCH file. With the MATCH list, Mastercard combined a list with the TMF listing (Terminated Merchant File), so each list is utilized. ”. Merchant Processing Agreement. Luckily there are ways to avoid terminal credit card machine leasing. Contract Type. Credit card processors throughout the world have shut off the. Both lists include data related to merchant accounts and function in a similar fashion. kassius79 • 2 mo. PCI Compliance RequirementsAfter weeks of fueding, they placed my company on the Match List/ Terminated Merchant File (TMF). Merchants on the list are identified via terminated merchant files (TMF). You are blacklisted in the Terminated Merchant File (TMF). Terminated Merchant Files (TMF) and the MATCH List. Laundering. You might show up on the TMF list if you had a merchant account closed on you for any reason, if you were reportedly difficult for your customers to contact, processed outside your. To obtain a TMF merchant account, businesses must begin by filling out EMB’s simple online application. Card networks, such as Visa and Mastercard, operate databases known as Terminated Merchant Files (TMFs) that contain information about accounts that have been closed by credit card processors around the world for high chargebacks or violations of card brand rules. The primary reason why your business may end up in the terminated merchant file is due to excessive and repetitive. What is a Terminated Merchant File? Terminated Merchants Files or MATCH 101 In the world of business, it becomes imperative for those involved in the. Search for: Latest Articles. . These lists are used by acquiring banks to identify. The best solution is to avoid the early termination fee (ETF) before entering a merchant account agreement. Apply to a direct merchant account and use Authorize. What a horrifying concept! This should really get a lot more press around here. How Merchants Get On the List. As mentioned, this ID is used to identify the merchant without exposing their email to web crawlers. Ask questions. Payment capture comes after authorization; at this point, the payment is effectively "settled," and the transaction is over. Msg#:655571 . Here are steps that you should follow to go through this process successfully: Inquire about the reason for termination of your account: Any prospective processor. A merchant account termination was the last thing on your mind. This makes it very difficult to get a merchant Match file is like a blacklist that banks can cross-check when they take on a. [1] In the case of Mastercard and American Express it is known as the MATCH list. It contains information about merchants and their principals whose credit card processing privileges have been terminated for cause. The terminated merchant file is basically a list of all merchant accounts that have been banned from doing any type of credit card processing in any way shape or form. they account holder will usually be placed on the Terminated Merchant File (MATCH list) which prevents them from getting another merchant account unless they clear. Steps to Take After Your Merchant Account is Terminated. When a merchant account is terminated due to some reason, themerchant gets added to the MATCH list or Terminated Merchant File (TMF). Related Clauses. Merchants whose merchant accounts fall under the. There are some ways to get one off the MATCH list. Each merchant on the list receives a numerical code that indicates the reason for them being on it. Once on this list, getting approved for your high-risk merchant account domestically or internationally can take years. Wednesday, October 18, 2023. The terms “Terminated Merchant File (TMF)” and “MATCH list” are often used interchangeably, but they’re a bit different. . I received an email that my application could not be processed due to association with cannabis, why?The Visa TMF (Terminated Merchant File) match list is a database maintained by Visa that contains information about merchants who have been terminated or flagged for violating Visa's rules and regulations. He offers clients a wealth of experience including more than 28 years of professional services dedicated to handling electronic payments cases, terminated merchant file or TMF MATCH cases and emergency management of distressed. Related to TERMINATION AND COMBINED TERMINATED MERCHANT FILE. This list is handled by MasterCard and acts as a resource for all the acquiring banks to identify businesses that have had their merchant. Your name/business can be removed as soon as a week after the payment has been received. When you apply for a merchant account, the bank will check to see if you are on the Terminated Merchant File (TMF). TMF (Terminated Merchant File) is a list of merchants who have been terminated by their acquiring bank or payment processor due to fraudulent activities, excessive chargebacks, or violations of the card network’s rules and regulations. The MATCH system or Member Alert to Control High-Risk (Merchants) is a MasterCard® database of merchants and their principals whose merchant accounts were terminated for cause. MATCH List and Terminated Merchant File (TMF) Oct 11, 2022. Description. When applying for a new merchant account, I was told that I was denied for being on the Terminated Merchant File, or now I believe it's referred to as the MATCH (Merchant Alert To Control High-Risk) list due to excessive chargebacks from a business I ran for two years from 2016-2018. When filing a UCC-3, only make one change at a time. Being listed on the TMF match list can make it difficult for merchants to obtain new merchant accounts or payment processing services, as it. Mastercard combined the MATCH list with the TMF listing (Terminated Merchant File), making the lists interchangeable. Mobile Banking, Commerce 8 y. If you come across it, just know that it’s the. Furthermore, in this article, we will. This information has been aggregated into the file known as the MATCH List (Merchant Alert To Control High-Risk). Is your business on the MATCH list or terminated merchant file (TMF) list. . All positive MATCH responses are thought about “possible matches” because the search mechanisms can not guarantee a real and exact match with absolute. Businesses unfortunate enough to make this list are essentially blackballed by many financial institutions. The best solution is to avoid the early termination fee (ETF) before entering a merchant account agreement. And, not be over-dramatic here, this can be one of the worst things that can happen to a merchant. It contains information about merchants and their principals whose credit card. especially those added to the terminated merchant file (TMF) or flagged with a member alert to control high-risk merchants. What Is The Dreaded TMF File. Businesses, especially high-risk businesses , are placed on the MATCH/TMF list by engaging in fraudulent activity, defaulting on debt, accumulating too many chargebacks, or. Here’s a list of those codes and what they mean: 01: Account Data Compromise. The. A payment capture is the legally binding point at which transactional funds move from a cardholder's account into a merchant’s account. The MATCH system is technically a MasterCard system but the banks are the ones that add/remove merchants from MATCH. The Terminated Merchant File (TMF) (also called the "MATCH File" or "Match List") is a digital file (database) containing information about merchants, and merchant business info, who have had their merchant account services terminated - essentially the TMF is the merchant processing industry's blacklist. Clause: Terminated Merchant File. High-risk merchant account providers frequently receive more than their fair share of criticism from merchants due to the additional challenges of serving the high-risk community. If you have been placed on Terminated Merchant File (TMF) or Member Alert to Control High Risk Merchants (MATCH), we can help. If an acquiring bank terminates the relationship with a merchant, then one should not be put on the list. The MATCH system is also known as the. Rating: 1. The Terminated Merchant File (TMF) list may have brought your business to a screeching halt, but EMB offers full-service TMF merchant accounts that can get you up and running again in as little as 48 hours. Email : amslv@cox. This might be a piece of equipment, a vehicle, property, or even a blanket. Merchants and businesses that wind up on Terminated Merchant Files or Match lists don’t all deserve to be there. A few weeks later, I had signed up for two new merchant processing accounts and Steve had sent me $1,000. In particular, processors are required to:. Most high-risk merchant accounts are terminated within the first three months of their existence. If you have been placed on Terminated Merchant File (TMF) or Member Alert to Control High Risk Merchants (MATCH), we may be able to help depending on the reason you were placed on the list for. Formerly referred to as the Terminated Merchant File (TMF). Drug Related Crimes. ago. It is very similar to the Terminated Merchant File, an older system that is falling out of favor and being replaced by MATCH. 9% + $0. Code 01: Comprise of account data: if you unintentionally or unknowingly facilitated by whatever means, the use or disclosure. It has gradually replaced the Terminated Merchant File (TMF), an older system that is being phased out. shall not include the Person set forth on Schedule 2. If the chargeback ratio by transaction gets too high, acquiring banks tend to close their clients’ accounts and put them in the TMF (Terminated Merchant File). That way, they won’t obtain. According to reports, this is the highest growth rate in a decade and is nearly two times more. The BBB does not maintain a profile for Payment Cloud currently, but CPO gives the company an “A”. Terminated Merchant File and Match File. These lists help financial institutions know if they’re about to partner with a merchant who is: This can create a high risk of financial loss, which is best avoided. MATCH, or Member Alert to Control High-Risk, is a tool created and managed by Mastercard for use by credit card processing companies to screen potential merchants before signing them up for s merchant account. 2. The TMF is an international database managed by Mastercard that catalogues businesses and owners whose merchant accounts have been terminated. In the world of business, it becomes imperative for those involved in the merchandising/retail end of businesses to have knowledge of the merchant terminated file (TMF). We specialize in assisting merchants that have been terminated and had their merchant account or payment system closed, High risk merchant services and terminated merchant consulting specialists. ” This stands for Mastercard Alert to Control High Risk Merchants. A terminated merchant file ( TMF) is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. Moreover, merchant accounts can be added to a Terminated Merchant File database. When a processor considers signing an agreement with a merchant, it must first check MATCH for information on whether the merchant was terminated by another processor. Unfortunately, it looks like your website, hanami. A quick Google search will show you just how many problems PSPs give. We understand the complexities in high risk merchant processing very well. The MATCH list is essentially a blocklist for credit card processing. If your business is on the Terminated Merchant File (TMF) or “MATCH” file, that does not mean you are completely black listed from ever getting a merchant account again. Besides, legal issues can be created for assisting criminal organizations. MATCH is operated by MasterCard; TMF is operated by Visa. The Terminated Merchants File (TMF) or match file is basically a list of merchants that have had their merchant accounts closed down by their processing bank on negative terms. that tracks merchants who have had their merchant accounts terminated due to a variety of high-risk factors. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. The Terminated Merchant File (TMF) has a sole purpose of preventing listed merchants from creating new merchant accounts with different acquirers, using credit card processors and using Visa merchant services. Ask questions. It is. What is the MATCH list? On the surface, it sounds like something positive. Approvals of future applications for merchant. Terminated Merchant File Sample Clauses. Tiered pricing usually offered to bad credit merchants. Both lists operate similarly and contain information about merchant accounts. This stands for Member Alert to Control High-Risk Merchants, and it keeps track of businesses with a credit card processing account that’s been terminated by an acquiring bank. This will provide acquirers with the opportunity to develop and review enhanced or incremental. It is regarded as a national database related to merchants and their principal owners whose accounts have been terminated for this or that reason. Did some research, and VISA and Mastercard does have a blacklist called TMF (Terminated Merchant File)which is now called MATCH. Merchants on the MATCH or TMF (terminated merchant file) list; Merchants selling over 10% to international clients;. [2] The terminated merchant files are shared among processors and act as blacklists, where merchants. Created by Mastercard, this list is composed of businesses who have had their. 7% increase from $576. The TMF (Terminated Merchant File) list is a database of businesses that have previously had a merchant account terminated by a processor or bank. Why is this list important? Acquiring banks use the list to screen potential. The simple way of putting it is that the file. 7:59 pm on Oct 11, 2005 (gmt 0) Does anyone know how long you remain on the TMF. Merchant will also immediately cease requesting Authorizations. How are merchants listed in the. A MATCH listing, or a TMF (Terminated Merchant File) means you have previously had a processing agreement terminated. Search. This list was initially created by MasterCard to help ISOs and acquiring banks in their underwriting process. When a merchant is placed on the list, the merchant’s name, principal, and business partners are all recorded on the MATCH list. Those deemed high-risk are placed on the list and so prevented from processing credit card payments or doing future business under any other name. Today, MATCH is a program maintained by MasterCard International and used by Visa USA (and, as of recently, by American Express), to identify merchants that acquirers have terminated for specified. Acquiring Banks consult this list when determining whether or not to extend a merchant account to a given business, and in most cases these banks. Generally speaking, no processor will provide an. One of the largest card brands, Visa, operates a database called the TMF List, which stands for Terminated Merchant Files. Abbreviation is mostly used in categories: Dealer Merchant Accounting Card Business. Whether you are. This list keeps track of businesses with a credit card processing account that’s been terminated by an acquiring bank. All payment processors must check these databases when accepting a new user,. merchants may have found themselves on the Terminated Merchant File (TMF). Search. As a result, the banks tend to take a look at the reputation maintained by business entities before offering merchant accounts to them. You will find that when you call Mastercard, you'll be given the runaround, and the ball rolls much slower. In this situation, we will not be able to. Terminated Merchant File (TMF) Terminated Merchant Print (TMF), other known how Member Alert To Control High Risk (MATCH), contains names of merchant and associated persons. This warns potential service providers that this merchant is extremely risky. A high-risk merchant account is a label your payment processor has given your business. When acquirers add a merchant to the TMF, it marks that business as a risky venture, warning other acquirers from doing. If you have trouble securing a traditional account why not go for one of the High Risk Merchant Accounts or one of the Offshore Merchant Accounts available. In order to protect themselves, many merchant account providers refer to a list known as the Terminated Merchant File (TMF) list when considering new clients. Closed because of high. The MATCH system is often referred to as the Terminated Merchant File (TMF). However, merchant service providers. There’s a big TMF (Terminated Merchant File) list processors refer to when signing on new accounts for cross-referencing – to protect themselves, of course. To check if you're on the Terminated Merchant File (also known as MATCH), you can reach out to the major credit card companies, such as Visa, Mastercard, American Express, and Discover, to inquire about your merchant status. #3. Failure to Pay Final Bill – Another reason for being listed on the TMF, if you have failed to pay your final bill, it could be as simple as mending your fences with the company by taking care of your debt. In addition, noncompliance can lead to your company being placed on the Visa/ MasterCard Terminated Merchant File (TMF). This ID is assigned to you automatically, once you open a PayPal account. Beyond your financial records, tax history, and credit score, some underwriters will also run a business search on your name and your. Entire payment processors must check diese databases when. Rating: Excellent. Terminated Merchant File. To change: To add your location to the store locator search click the checkbox under the Opt-In column. 75. Dynamic merchant search: Designate regions/countries and use multiple fields to determine possible matches; Principal owner search: Add and search for information about up to five principal owners per merchant inquiry; Terminated merchant inquiry: Inquire about a merchant to find out if they have been previously added to MATCH The Visa® merchant aggregation model covers all commerce types, including the face-to-face and e-commerce environments, and helps to increase electronic payment acceptance for merchants. Reporting is mandatory if the merchant is terminated for credit or debit. Payment brands use MATCH—Member-Alert-To-Control-High-Risk—or Terminated Merchant File (TMF), a database of previously terminated merchants, to control merchant access to the payments system. I have been put in a circlular go no where file. Match List of Merchant Accounts. If your business is on this list, you’ll likely not be able to open a merchant account for a minimum of 5 years. Just got blackballed by MATCH by MasterCard : r/personalfinance. What Is The Terminated Merchant File Mar 19, 2018 Crypto Currency In The Payments Space Jan 28, 2018 Small Business Payments In 2018 Jan 15, 2018 Marijuana Laws | Walking the Fine Line Weed. Based on the information provided, the acquirer will decide whether or not to approve the new merchant account application. 4 billion. An acquiring bank maintains a merchant’s bank account and, as a. 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. . In short, MATCH resembles a “blacklist” that financial institutions can use to cross-check you and board you as a new merchant. Businesses on the MATCH list have had merchant accounts terminated previously or deemed a significant risk for payment processors. Being on TMF makes it very difficult for a merchant to find another servicer willing to process. So my last processor made the rash decision to place a tmf file (terminated merchant file) on my account. The MATCH list is the same as the Terminated Merchant File (TMF), an older, more generic term. Have been added to the list by mistake (SRP, Rule 11. At Mastercard, this database is called the MATCH list as described above. An acronym for the Member Alert to Control High-Risk Merchants, MATCH is a powerful national database. Payment processors check MATCH for each new potential account to mitigate their own risk and keep their business safe. A merchant account for terminated merchants allows businesses continuity even if they were previously put on a TMF by a credit card processor. Merchant accounts can be difficult to obtain and can be suddenly closed down for a variety of. Card-issuing banks and merchant service providers have access to the MATCH list (also see Terminated Merchant File). Exclude Keywords. Instead, the card associations use a file called the MATCH file. The TMF contains information about merchants that have breached their agreements with financial institutions, resulting in the… The client was terminated by PipeLine Data for excessive chargebacks and was listed on the TMF file. If you’re on it, this means that another bank has. Should Merchant do so, Bank or NP may immediately terminate this Agreement, have all funds placed into a Reserve Account pursuant to Section 15 below and be placed on the “Combined Terminated Merchant File” as required by the Rules. Quite simply, the MATCH (Member Alert to Control High Risk Merchants) record compiles information on companies and their owners. One of the serious consequences merchants face when they have excessive chargebacks is having their account terminated and being added to the Member Alert to Control High-Risk Merchants (MATCH) list. Landing. An acronym for the Member Alert to Control High-Risk Merchants, MATCH is a powerful national database. This blacklist is famously known as. Fastest application process: Soar Payments. When applying for a new merchant account, I was told that I was denied for being on the Terminated Merchant File, or now I believe it's referred to as the MATCH (Merchant Alert To Control High-Risk) list due to excessive chargebacks from a business I ran for two years from 2016-2018. Search. Main page; Contents; Current events; Random article; About Wikipedia; Contact us; DonateObligees considering termination should keep in mind that the law does not favor forfeiture; as such, a terminating obligee will put itself in a better position to successfully call upon the surety and, ultimately recover its losses, if it does not terminate the contractor hastily and without a record that reflects the merits of the termination. Email : [email protected] simple answer: chargebacks. Your business is present on the Terminated Merchant File (TMF), also called the MATCH File, indicating your credit card processing privileges have been terminated elsewhere; Many business owners aren’t even aware of the last one until they apply for merchant services and are denied based on their presence on the list. The TMF list is an older term that’s not used much today. Billing and Collection Customers; Receivable Files Complete; Complete Servicing File; Client. e. Merchants listed here often find it difficult to obtain a merchant account, and should take steps to avoid being added to the list. If caught, any funds that are in the pipeline to be paid from prior transactions will be frozen during an investigation. An occurrence that results, directly or indirectly, in the unauthorized access to or disclosure of Account data. 17(a)(ii) of the BMO Xxxxxx BIN Sponsorship Agreement or any merchants of such Person. Categories. Billing and Collection Customers; Receivable Files Complete; Complete Servicing File; Client. You can also be put on a file of terminated merchants. Merchant accounts (read businesses) that partake in fraudulent practices, receive excessive chargebacks or consumer complaints, or unintentionally facilitated, by any means, the unauthorized disclosure or use of account information may find themselves on the Terminated Merchant File (TMF) or MATCH (Member Alert to Control High Risk. American Merchant Systems (represents 25+ different processing sources (US based banks, domestic banks, domestic merchant accounts, offshore banks, offshore merchant accounts, third party processing, ACH Check Processors, check guarantee services, check conversion services, and ATM. Define Terminated Merchant. The Terminated Merchant File (TMF) is an older list relaunched as MATCH. Whenever possible, it’s best for a merchant to avoid freezes and terminations altogether. The purpose behind MasterCard creating this list was to “identify a potentially high-risk merchant before entering into a merchant agreement”. Filter & Search. 4), or 3. As a result, other processors will know about all this, thus it’ll become more challenging for you to get approved for another merchant account. Closed because of changes in Risk policy at the bank. Aliu also agreed to comply with "Payment Network Regulations" and acknowledged that if he violated those regulations Elavon was required to report him to the "Terminated Merchant File" known as MATCH. MATCH is the rebranded version of an older, more aptly named list, the Terminated Merchant File (TMF). Formerly known as the Terminated Merchant File (TMF), the MATCH list contains information about businesses whose card. TMF stands for terminated merchant file, whereas the MATCH list stands for Member Alert to Control High-Risk Merchants. For most companies, that’s enough to put them out of business. Ogden and BankCardLaw in 1994. Unfortunately, any business that appears on the MATCH list is almost guaranteed to be denied a merchant account. MERCHANT EXPRESSLY ACKNOWLEDGES that a Combined Terminated Merchant File ("CTMF") is maintained by Visa and MasterCard containing the business name a. Dictionary. Terminated Merchant File list . How to Prevent Merchant Account Holds and. Signing up with the wrong processor greatly increases your chance of landing on the. *. The MATCH (Member Alert to Control High Risk Merchants) record was developed by Mastercard as a way of compiling info on business and their owners regarding if their merchant accounts have been terminated. Mastercard created the MATCH list, a file of high-risk merchants that banks and payment processors use to identify merchants they may not want to do business with. 3. Explore The Alternatives. MATCH list. You can contact Merchant Stronghold for details related to TMF or MATCH. The merchant was found to be violating one of. The effective termination date or; The date it received the termination notice by the merchant. Furthermore, if you have any questions about the information or you need help or securing a high-risk merchant accoun t give us a call at +1 888-253-9692. Landing. Two common, non-illegal causes for a high-risk merchant to wind up on these lists are failure to pay the final bill and high chargeback rates. The MATCH file is a detailed electronic list of businesses that have had one or more merchant accounts terminated by their acquiring bank. The merchant’s name will also be added to the shared Terminated Merchant File (or TMF). 08/15/2023. Her company was circling the drain at the time, and one of the last acts, was to refund about $5000 in credit card charges to customers on orders she could not fill. It is also known as a TMF or the MATCH list. Being on the MATCH list shows that your business caused so many problems that your Merchant Account was terminated and. The. The list is an extensive database of merchants with accounts that have been terminated or deemed very high-risk for payment processors within the last five years. As a result, businesses may end up with closed merchant accounts. Search titles only By: Search Advanced search…The Terminated Merchant File (TMF) list may have brought your business to a screeching halt, but EMB offers full-service TMF merchant accounts that can get you up and running again in as little as 48 hours. net as a gateway. Card networks, such as Visa and Mastercard, operate databases known as Terminated Merchant Files (TMFs) that contain information about accounts that have been closed by credit card processors around the world for high chargebacks or violations of card brand rules. Unfortunately, any business that appears on the MATCH list is almost guaranteed to be denied a merchant account. Furthermore, if you have any questions about the information or you need help or securing a high-risk merchant accoun t give us a call at +1 888-253-9692. In order to be removed from the terminated merchant file MATCH list, a merchant must contact a former provider and request removal. And once a merchant is on the list, it can be very taxing to get a new merchant account from another bank. You should know from the bank how to get off the MATCH or TMF. If a merchant’s chargeback ratio reaches a specific level, the merchant may be subject to monthly penalties and extra chargeback costs until the problem is resolved. Introduction to Terminated Merchant File (TMF) or MATCH List. Accepting credit and debit cards is vital to your sales and revenue! Green Pay has worked with many merchants on these lists and we have. What Is the Mastercard MATCH List? The MATCH list keeps track of merchants deemed to pose an unacceptable level of risk. According to a chargeback report, the projected costs of chargeback for 2023 are estimated at $117 billion, with around $79 billion as merchant losses. • Cannot be listed on the Terminated Merchant File (TMF), or similar files • Cannot act as a sponsor for another Payment Facilitator • Excluded merchant types (but may be signed under direct acquiring agreements): Internet pharmacies, Internet pharmacy referral sites, and outbound telemarketers High Risk Internet Payment Facilitators1977 Taylor TY520M (52,000# capacity at 48” load center) Diesel 2 stage mast 15’ tall and lowered 96” forks New Paint 96” forks Hour meter: 5,760 Good running older 52k at 48” LC forklift! Note: Mast is detached for shipping! $96,500 + Freight You Tube Machinery Videos Sell Us Your Surpl. The terminated merchant file is basically a list of all merchant accounts that have been banned from doing any type of credit card processing in any way shape or form. I made a call with the client to the merchant security department and they simply said that the account was closed for excessive chargebacks, and that there was no. As many of you know, getting a tmf is a death sentence for merchant stores like mine because pretty much any processor you try to apply to in the future, sees this tmf file, and won't touch you with a ten foot pole. TMF used to. • Must be located within the acquirer’s jurisdiction. If you’re already classified as a high-risk merchant and you still have to deal with multiple chargeback fees, your merchant account might be frozen or terminated. Blog / MATCH list. If the issue persists, the. How to Stay Off the MATCH File June 4, 2008 Posted by Michael Brooks in Chargebacks, Industry Compliance, Risk and Fraud Management. PaymentCloud: Payment Cloud is a good option for TMF/MATCH merchants in all industries. Merchants with high-risk accounts or many chargebacks are on the list and can’t use different credit card processors to open a merchant services account. One of the best ways to avoid a hold or freeze is to communicate with your merchant account provider as soon as you think there might be a problem. 2. Credit card processing companies use a terminated merchant file (TMF) to check out potential merchants before giving them a merchant account. Open Search. This list, which resembles McCarthy’s black list during the cold war, is a stop-all flag that credit card processing companies in America abide by. Moreover, you may have difficulty opening a new merchant account if you’re account is terminated and listed under Terminated. When your electronic payments acceptance is at – risk and the life of your business hangs in the balance. Please contact us at 1-800-930-4476 and we can find out if you’re eligible for a merchant account. Transaction laundering can lead to rather hard consequences for legitimate online retail businesses. 8. Being on the MATCH list won’t cause you to lose any. ” There are, in fact, precisely 14 listed reasons that a merchant can get tagged with one of these designations. One-Stop Solution From 5 Star Processing.