Terminated Merchant Account / TMF / Match List
A TMF merchant account also known as a terminated merchant file merchant account or a match list merchant account is the worst thing that can happen to an online business. If your merchant account comes under “terminated merchant file” it means that your account has been blacklisted. This may happen due to several reasons some of which are under the control of the merchant and some, which are not. If the bank ends the contract with the merchant on negative terms, it is most likely that the account would be terminated. The most common reason for which an account is terminated is when the merchant fails to pay the dues of the bank. The dues might be in the form of the termination fees, the monthly, six monthly or the yearly fees to the bank, or settlement of any past transactions. If the merchant fails to make any of these payments, they are deemed to be black listed. Another reason for the account being black listed if there is an unusually high rate of chargeback. No matter what the reason for the chargeback is, it is not really easy to convince the bank that it was the fault of the customer resulting in the merchant’s account being suspended. Other reasons can be processing fraudulent transactions and breaching the merchant accounts terms and services in any other way. Once an account has been blacklisted, it is virtually impossible to get back on the bank’s list and you are unable to get an account from any other bank. Without a merchant account, you are not able to process the transactions and accept payments and hence getting your online merchant account blocked can be fatally harmful for your business. We, at Advanced Merchant Systems understand that it is not always the fault of the merchant for which their account is terminated. We therefore help you to set up an account again as we know how vital a smoothly running online account is to your business. We help businesses who have had their online merchant accounts blacklisted by helping them get an offshore account. We first analyze the situation of your business and might ask for various documents that can help us understand the critical points. We then offer you solutions based on the best of our knowledge and skill and the practicality. Once you go through the quotes and the rates that we provide you, you can make a decision that will suit you the best. With Advanced Merchant Systems you can be assured that you would be out of this fix sooner than you expected and that too at a surprisingly nominal fees.
Introduction to Terminated Merchant File (TMF) or MATCH List
The worst that can happen to an online business is a termination of its merchant account. When a merchant account is terminated due to some reason, themerchant gets added to the MATCH list or Terminated Merchant File (TMF). Merchants whose merchant accounts fall under the TMF category or have been blacklisted get their application for new accounts declined by all the providers.
So, it’s always better to stay informed and prevent authorities from placing you on the MATCH list. Here are the answers to questions that you may have about Terminated Merchant File (TMF) or MATCH List: