Terminated Merchant File – What You Need To Know

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Terminated Merchant File – What You Need To Know


More commonly known as MATCH list these days, Terminated Merchant File (TMF) is utilized by credit card processing companies to ward off merchant accounts that are deemed to have problematic histories. MasterCard International, Visa USA, and American Express are the most popular credit card companies that use TMF.

Here’s what you need to know about TMF:

  • Merchant accounts can be placed on the list for any of a number of reasons, including violations on terms agreement, and chargebacks, credit/debit card fraud conviction, fraudulent collusive activity, counterfeit transactions, identity theft, among others.
  • If you do not take the necessary steps to remove your account from TMF, you can be in the list up to 5 years.
  • To remove your account from the list, you just need to pay your balance dues.
  • If in case the listing is due to chargebacks, you will need to wait about 6 months or until all the possible chargebacks have been cleared. In case of mistake, you just need to explain your story; rectifying will help remove you from the list.
  • Can you still get a merchant account? The short answer is YES; the longer answer is that it might be more difficult as those who consider your application usually require you proof that you no longer owe any funds to the prior processor.
  • Those merchant account providers that specialize in the high-risk industry give you better chances to be accepted.

The conclusion

To be included in the Terminated Merchant File or MATCH list can be a drawback to your business. In fact, it is considered by many as a death sentence. Therefore, strive so that your business will not be included in such list. That means you need to be honest and scrupulous at all time. And, in case your business is a high-risk account, it is recommended that you find a merchant account provider that specializes in your account type.

Contact Swipebox today at (720) 277-0648 for high risk merchants card processing inquiries.