If your merchant service provider abruptly shuts down your account, you may be on a match list.
A match list, or TMF, is a list compiled and managed by credit and debit card providers like MasterCard and Visa, containing information about business owners whose accounts have been terminated in a given period, usually five to seven years, for several reasons.
Being on a match list makes your credit card processing efforts through traditional payment processors hard, leading to lost sales and the decline of your business.
If you are on a match list, you need a reliable payment processing provider who will accept your business and help you get back on track.
There are many different reasons you and/or your business could be on the Match list. Payment providers are required to list businesses that could pose a threat to other banks or providers.
Some reasons include, but are not limited to;
Being on a match list is not permanent. Banks add and remove names if they have a reason, although this decision can be difficult. Therefore, you need a match list credit card processing provider with the knowledge and experience to help you.
At Group ISO, we know that businesses in high risk industries need access to reliable and affordable payment processing solutions. Our clients get access to top-notch payment processing services, with 24/7 support, at competitive prices.
Furthermore, we have relationships with several banks and trust our products to ensure that our clients’ businesses guard against fraud, mitigate chargebacks, and offer a customer experience that banks have confidence in.