TMF Merchant Account Provider

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TMF Merchant Account Provider

We work with many TMF Merchant Account Providers across the globe. It is necessary to understand what is a TMF record or What is a Match List. Startup and Experienced companies often use many modes to accept payments. In a few cases, Processors close the accounts of some of these merchants. There can be many reasons behind the termination of the account. A common reason for account closure is excessive chargebacks. Sometimes merchant account providers list these merchants on the TMF/Match List. Credit card brands maintain the TMF and Match list. After the Match listing these entrepreneurs may not get accounts for 5 years. The merchant account application gets rejected for credit card solutions by acquiring banks. These type of business owners face many challenges in getting a merchant account. The good news is that there are many alternative options available. These are especially beneficial for TMF merchants. Our advice is that you should work with a TMF Merchant Account Provider that offers ACH and Echeck. ACH and echeck processors can offer tmf merchant processing services as they do not process credit cards.

What Is The TMF?

The Terminated Merchant File (TMF) – Credit card processing companies prepare a list of blacklisted merchants. This file relates to merchants who violated the merchant account agreement. These merchants usually cannot accept credit cards for at least five years. Merchants must read and understand the credit card processing agreement. Proper understanding of the agreement can help the merchant to avoid blacklisting.

Why Merchants Get listed On The TMF Or Match List?

Various reasons can get a merchant listed on The Match or TMF list. Few of these critical reasons are.

  1. Excessive chargebacks.
  2. Merchant Account Agreement Violation.
  3. Fraudulent Activities.
  4. Money Laundering.
  5. Selling Products That Are Illegal.
  6. Mis-representation of the business model.
  7. Prohibited Pharmaceutical Product Sales.
  8. Transaction Laundering.
  9. Using Threat tactics to generate sales.
  10. Use of Non-Registred URL for sales generation.
  11. Compromising the cardholder’s information.
  12. Exceeding Monthly Volume and Largest Ticket Size

How TMF Affects Merchants In Getting A Credit Card Processing Accounts?

The TMF/Match database helps the processor to understand the applicants reputation. They check the credit score, but TMF/Match listing makes a negative impact. Merchants with a bad credit score can still get an account. Merchants listed on TMF may find it impossible to get approved. In the card processing industry, each provider has the access of the updated TMF/Match List. They know very well why the merchants got listed in the TMF list. So somehow it will create a challenge for a merchant in the approval process.

How To check If The Merchant Is On The TMF List?

The TMF/Match lookup is only shared with PSPs or acquiring banks. Only these institutions can let the merchants know about the TMF/Match status. Most of the times this information is not passed to the merchant by the PSP. It is confidential information for most credit card processors.

How Can TMF Merchant Account Provider Help?

Business owners can place the application for offshore aggregated payment processing solutions. If the merchant is on the Match List then they will not approve a credit card processing account. Some foreign processors onboard TMF merchants after five years of listing. Depending upon the reason of TMF listing, processors can take the executive decision. In simple terms, they analyse each application in detail. These merchants can find ACH processors as the best TMF Merchant Account Providers.

How To Get Rid of TMF/Match?

First of all, It is almost impossible to get rid of the listing on the TMF/MATCH list. Processors list the merchant on Match because of fraudulent activities or agreement violation. If the businesses wants to make a removal request, then only the PSP that initiated the listing can help. Merchants can also contact any reputed bankcard industry attorney. The attorney may file a suit to request removal. Most of the times the removal can only happen if the listing was because of an error. The listing can create a negative impact for five years. After five years the PSPs can have a fresh look at the application.

How Can Quadrapay Help TMF Merchants?

Quadrapay is a merchant service reseller company. It offers help to merchants in finding many modes of payment processing. Services include Credit Card Merchant Accounts, ACH and Echeck Payment Processing. TMF merchants can use ACH/Echeck payment processing solution for the US transactions. These solutions are very reliable. The transaction rate of ACH and Echeck is quite less than the high risk card payment solutions. ACH for TMF merchants may come with the fees equal to high-risk merchant accounts. The terms and conditions for these merchants may also be a bit more strict. We recommend merchants to read and understand the merchant account agreement before signing. If you need more information about how TMF Merchant Account Providers can help then email us. Our email is [email protected].