Can a Business Continue Processing Payments if it's on the MATCH/TMF List?
Getting added to the Terminated Merchant File (TMF), also known as the MasterCard Alert To Control High-risk Merchants (MATCH) list, can seem like a death sentence for any business. The TMF is a list maintained by the credit card processing industry that keeps track of business and business owners whose merchant accounts were terminated for excessive chargebacks, participation in fraudulent activity, money laundering, or similarly severe account misuse. Generally, placement on the MATCH list prevents merchants from processing credit cards through all major domestic banks until they are either removed from the MATCH list or they find a processor willing to take a risk on them. Luckily, however, there are a few merchant account providers that can enable TMF/MATCH businesses to accept credit cards. These providers specialize in high-risk business types and can help business owners open accounts through offshore banks if necessary.
To help you find a processor for your previously terminated business, we've put together the following list of the best merchant accounts for TMF/MATCH merchants. The companies on this list offer e-commerce solutions, MOTO processing, internet marketing tools, and other useful services for operating your high-risk business. They are also known to provide low-commitment contracts with transparent pricing and quality customer service. In addition to these processing solutions, these companies also tend to offer excellent supplementary services and can help with things like inventory, business management, and even marketing. To find the right provider for your TMF/MATCH company, be sure to research each processor's products and features and compare pricing and terms.
How to Select the Best TMF/MATCH Credit Card Processor
When selecting a credit card processor for a TMF/MATCH business in the USA, there are several factors to consider.
Reputation
It's crucial to select a credit card processor with a solid reputation, particularly for businesses in the TMF/MATCH industry. A processor with a history of poor customer service or high rates of chargebacks could negatively impact your business's standing with the credit card companies and financial institutions. You can consider our review on this website, by simply searching for the processor in the search bar at the top of this page.
Chargeback Management
As a TMF/MATCH business, chargebacks are a significant concern, and it's essential to work with a processor that provides robust chargeback management tools and support. Look for a processor that offers dispute resolution assistance, chargeback alerts, and fraud detection and prevention tools.
Industry-Specific Expertise
Select a processor with experience working with businesses in the TMF/MATCH industry. These processors understand the unique challenges and risks associated with this industry and can provide tailored solutions to meet your needs.
Compliance
Compliance is essential for TMF/MATCH businesses, particularly with regard to regulations such as the Payment Card Industry Data Security Standard (PCI DSS). Choose a processor that has a strong track record of compliance and can help you maintain your own compliance.
Credit Card Processing Rates and Fees
Finally, consider the rates and fees charged by each processor. Look for a processor with transparent pricing and competitive rates, particularly with regard to chargebacks, which can be costly for TMF/MATCH businesses.
Some credit card processors that may be a good fit for TMF/MATCH businesses include PaymentCloud, Durango Merchant Services, and Square. However, it's crucial to do your research and evaluate each option based on the specific needs and priorities of your business.
Top Picks of Merchant Services for Terminated Merchant Files
#1 PaymentCloud
Top Merchant Service for Terminated Merchant Files
Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high-risk business types. The company's products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. PaymentCloud is a good option for TMF/MATCH merchants in all industries.
PaymentCloud provides a dedicated account rep to all new merchants for the life of the account. The company has not received any negative complaints on consumer forums, and it customizes its pricing according to each merchant's business type and processing history. The BBB does not maintain a profile for PaymentCloud at this time, but CPO gives the company an “A.”
Why PaymentCloud is the Best Payment Processing Solution for TMF/MATCH Products
If you are a business owner selling TMF/MATCH products, you know the challenges of finding a reliable payment processing solution. TMF/MATCH stands for Terminated Merchant File and is a database of merchants who have had their credit card processing privileges terminated due to high levels of chargebacks and fraud. As a result, it is extremely difficult for businesses selling TMF/MATCH products to find a payment processing solution that meets their needs. However, PaymentCloud is an excellent option for business owners in this situation.
TMF/MATCH Expertise
PaymentCloud is a company that specializes in high-risk merchant accounts, which includes businesses selling TMF/MATCH products. They understand the unique needs and challenges of this industry and have the expertise to provide effective solutions. PaymentCloud has relationships with several banks that are willing to work with high-risk merchants, including those selling TMF/MATCH products. This ensures that businesses can accept credit card payments from customers buying TMF/MATCH products without any issues.
Customized Payment Solutions
PaymentCloud understands that every business is different and has unique payment processing needs. They provide customized payment solutions that cater to the specific requirements of each business. This means that businesses selling TMF/MATCH products can get a payment processing solution that fits their needs and ensures smooth transactions. PaymentCloud offers a wide range of payment processing services, including credit and debit card processing, ACH processing, and eCheck processing, among others. They also offer chargeback prevention and mitigation services, which is essential for businesses selling TMF/MATCH products.
PaymentCloud is an excellent payment processing solution for businesses selling TMF/MATCH products. With their expertise in high-risk merchant accounts and customized payment solutions, they provide businesses with the tools they need to accept credit card payments from customers buying TMF/MATCH products.
For more information, visit the PaymentCloud website or call (888) 506-7859.
eMerchantBroker
Top Rated for TMF/MATCH Credit Card Processing
eMerchantBroker.com is a Los Angeles, California-based company that offers high-risk e-commerce processing solutions including TMF/MATCH merchant accounts. The company's products include ACH processing, an online payment gateway, merchant cash advance, and a chargeback management system to help merchants dispute and resolve chargeback claims. eMerchantBroker.com places an emphasis on providing credit card processing for MATCH merchants.
eMerchantBroker.com offers custom pricing for each merchant and maintains a low complaint rate relative to its size and merchant portfolio. Our review of eMerchantBroker gives the company an “A” rating overall and the BBB assigns the company a rating of “A+.”
EMerchantBroker: A Best Choice for TMF/MATCH Payment Processing
As a small business owner who sells TMF/MATCH products, finding a credit card processing service provider that can accept payments from customers buying these products can be a challenging task. However, eMerchantBroker provides the perfect solution for small business owners who need to accept credit card payments from customers purchasing TMF/MATCH products.
Expertise in High-Risk Businesses
One of the reasons why eMerchantBroker is an excellent option for TMF/MATCH payment processing is their experience in dealing with high-risk businesses. TMF/MATCH products are often classified as high-risk due to the possibility of chargebacks and fraud. eMerchantBroker has a proven track record of providing reliable payment processing services to high-risk businesses, making them a trusted partner for small business owners in need of TMF/MATCH payment processing.
Advanced Fraud Detection and Prevention
eMerchantBroker offers advanced fraud detection and prevention tools to protect businesses from fraudulent transactions. This is crucial for small business owners who sell TMF/MATCH products, as these products are often targeted by fraudsters. eMerchantBroker's cutting-edge technology ensures that businesses are protected against fraudulent activities, thereby reducing chargebacks and increasing the likelihood of successful transactions.
Offers Competitive Pricing to Assist Small Businesses
eMerchantBroker provides competitive pricing for their TMF/MATCH payment processing services, allowing small business owners to save money on payment processing fees. This is particularly important for small businesses that operate on tight profit margins. eMerchantBroker's cost-effective payment processing solutions, coupled with their exceptional customer support, make them the ideal choice for small business owners in need of TMF/MATCH payment processing services.
eMerchantBroker is a top-notch choice for small business owners who sell TMF/MATCH products and need to accept credit card payments from customers. With their expertise in high-risk payment processing, advanced fraud detection and prevention tools, and competitive pricing, eMerchantBroker is the perfect partner for small businesses in need of reliable TMF/MATCH payment processing services.
For more information, see the eMerchantBroker website or call (877) 301-3442.
Additional Options
Host Merchant Services
Host Merchant Services is a Newark, Delaware-based merchant account provider that is able to provide merchant accounts for previously terminated merchants. Host's products and services include point-of-sale solutions, online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, merchant cash advance, and offshore merchant accounts. Host Merchant Services specializes in e-commerce businesses and provides a free website and email address to interested merchants. Host is a good option for merchants who may have been placed on the TMF list in the past but are currently operating in traditionally standard-risk industries.
Host Merchant Services has received only positive feedback on public forums, with most reviewers singling out the company's customer service for praise. Host offers custom pricing to all of its merchants, but most merchants will enjoy transparent pricing and the ability to cancel service without penalty. The Better Business Bureau gives Host an “A+” rating, and CPO also gives the company an “A+.”
TMF/MATCH Payment Processing: Why Host Merchant Services is a Top Option for Small Businesses
As a small business owner selling TMF/MATCH products, finding a reliable credit card processing service that can handle your unique needs can be a challenge. However, Host Merchant Services (HMS) is an excellent option for businesses looking for TMF/MATCH payment processing solutions.
Expertise in TMF/MATCH Processing
HMS has a team of experienced professionals who specialize in TMF/MATCH payment processing. They understand the complexities of the TMF/MATCH database and can help ensure that your business remains in good standing while processing TMF/MATCH payments. This expertise can save you time and money while providing peace of mind.
High Approval Rates
HMS has a reputation for high approval rates, which is crucial for businesses selling TMF/MATCH products. With HMS, you can be confident that you'll be able to accept credit card payments from customers who are buying TMF/MATCH products, even if they have been declined by other processors.
Competitive Pricing
HMS offers competitive pricing for TMF/MATCH payment processing services. With no hidden fees or long-term contracts, you can trust that you're getting a fair deal. Additionally, HMS offers a price match guarantee, so you can be sure you're getting the best value for your money.
Exceptional Customer Service
At HMS, customer service is a top priority. Their team of professionals is available 24/7 to provide support and answer any questions you may have. With HMS, you can trust that you'll receive exceptional service every step of the way.
Host Merchant Services is an excellent option for small businesses looking for reliable TMF/MATCH payment processing solutions. With expertise in TMF/MATCH processing, high approval rates, competitive pricing, and exceptional customer service, HMS is a top choice for businesses looking to accept credit card payments from customers buying TMF/MATCH products.
For more information, visit the Host Merchant Services website or call (888) 591-9026.
Frequently Asked Questions: TMF/MATCH Merchants Credit Card Processing
Terminated Merchant File (TMF) or Member Alert to Control High-risk (MATCH) are lists that banks and processors maintain. If a merchant is considered risky or had their merchant account terminated for a variety of reasons, including excessive chargebacks, fraud, or illegal sales, they might end up on these lists. Once listed, it can be challenging to get a new merchant account.
The best way to find a suitable merchant account if you're a TMF/MATCH-listed merchant is to look for providers that specialize in high-risk accounts. These providers are accustomed to working with businesses that have been added to these lists and have strategies in place to mitigate the associated risks.
Key features to consider when choosing a high-risk merchant account provider include:
1. Experience with high-risk accounts.
2. Comprehensive fraud protection measures.
3. Transparent and reasonable pricing.
4. Strong customer service.
5. An easy-to-use payment gateway that integrates with your website.
6. High chargeback dispute success rates.
High-risk merchant accounts generally come with higher fees due to the increased risk taken on by the provider. These can include higher transaction fees, setup fees, monthly minimums, and reserve requirements.
Merchants can be removed from the list after five years, or earlier if the adding entity removes them. However, the process isn't simple and typically requires resolving the issue that led to the listing in the first place, which could involve paying outstanding bills, reducing chargeback ratios, or addressing legal issues.
Operating without a merchant account is generally not advisable as it limits your business's ability to accept credit or debit card payments. It is often better to work with a high-risk merchant account provider while you resolve the issues that led to your MATCH listing.
No, not all high-risk merchant account providers can cater to TMF/MATCH merchants. Some may only work with certain types of high-risk businesses, while others may be equipped to deal with a wide range of high-risk categories. It is essential to discuss your specific situation with any potential provider to ensure they can cater to your needs
In some cases, TMF/MATCH merchants might be able to use alternative payment solutions like e-wallets, cryptocurrency, or ACH (Automated Clearing House) transfers. However, these options may not be suitable for all businesses, especially those that rely heavily on card payments.
Yes, as long as the TMF/MATCH merchant can secure a high-risk merchant account or alternative payment solution, they can continue to accept payments online.
Yes, there are different types of providers that cater to various sectors. Some specialize in certain high-risk industries, while others offer more general services. It's essential to choose a provider experienced in dealing with businesses similar to yours.
Charles
I am writing to express my profound thanks for your thorough and insightful article on “Best Merchant Accounts for TMF/MATCH Merchants”. As a business owner dealing with the challenges of being on the TMF/MATCH list, your guide has provided me with crucial understanding and direction.
Your comprehensive breakdown of each merchant account, their specific benefits, potential drawbacks, and distinguishing features, was extremely informative. The way you distilled this complex topic into easily digestible sections, with clear and concise writing, made it accessible for readers like myself.
Your focus on key aspects such as processing fees, chargeback policies, customer service quality, and security measures provided a well-rounded view of the options available to us. Your insights into the implications of being on the TMF/MATCH list and the way different providers handle these high-risk accounts were particularly helpful.
It’s clear that a considerable amount of research, time, and expertise went into this article. Your dedication to shedding light on this often overlooked and misunderstood area of merchant services is greatly appreciated. You have simplified the task of finding a suitable provider, empowering me to make an informed decision.
Thank you once again for your invaluable contribution to this field. Your work is sincerely appreciated.