Have you heard about the TMF match list? A lot of businesses face the issue of big processors like Square and Stripe terminating their accounts with little to no notice and very little explanation, leaving them to find a new processor for their company suddenly.
This is often because the processor has determined that the business they are serving is selling items that are prohibited in one way or another. This is solely up to the discretion of the processor, and oftentimes they don’t properly vet their clients before approving them for an account in the first place.
They also reserve the right to change a payout schedule and suspend payouts to a merchant’s bank account at their discretion. The big-name processors often do a poor job of explaining their terms and conditions upfront, and they don’t have easily accessible customer service to process hold or termination disputes. In the worst cases, these inconsistencies often result in businesses finding themselves on the TMF match list.
If your account is terminated, you’ll need to find a new payment processor, and fast. Unfortunately, this will be more difficult now that your company might be listed on the terminated merchant file (TMF), also known as the MATCH (Member Alert to Control High-Risk) List, a list maintained by MasterCard to help easily identify high-risk merchants to other payment processors.
T1 Payments specializes in high-risk businesses ranging from CBD/Hemp and Vape companies to MLMs. It’s your best response to finding your merchant account frozen, terminated, or on the TMF match list. With services like chargeback prevention and fraud protection, T1 Payments is able to help you get back to business fast and stay in business. T1 provides flat fee merchant accounts and offers comprehensive account monitoring, reporting, and support to help high-risk merchants mitigate chargebacks, fraud, and other business risks. Our customer support team members are the best in the business and are available 24/7. It’s important to work with a processor who puts your needs first and makes it their priority to keep you off the TMF match list, online, and processing.