What is the TMF Listing?
The Terminated Merchant File (TMF) or MATCH (Member Alert to Control High-Risk) is a list that merchants may be added to if their merchant accounts are terminated. Many merchants discover they're on this list only after being declined for a new merchant account.
TMF Payment Processing
Being added to the TMF listing doesn't mean the end of payment processing options. There are still TMF payment processing solutions available, such as ACH payment processing for MATCH listed merchants.
Key Points:
- Many merchants are unaware they're on the TMF list until applying for a new account.
- The list is known as either Terminated Merchant File (TMF) or MATCH (Member Alert to Control High-Risk).
- MATCH has become the more commonly used term recently.
MATCH Listed Merchant Account
Even if you're on the MATCH list, there are still merchant account options available. ACH or echeck processing is particularly suitable for merchants who have been put on the MATCH list.
Reasons for TMF Listing:
- Chargebacks
- Fraudulent actions
- Money laundering
You can find the exact reason for your TMF listing via the MasterCard website if you have received a "reason code". Once on the list, you typically remain in the system for five years.
TMF List Removal
To remove your name from the TMF list:
Contact the bank that added you to the TMF listing.
They might agree to remove your name entirely or change some file details.
If chargebacks caused your listing, rectifying all chargebacks and avoiding new ones may help in removal.
If all else fails, you may need to seek legal counsel.
Solutions for TMF Listed Merchants
If you find yourself on the TMF listing or are looking for a MATCH listed merchant account, high-risk merchant account providers like PayKings offer solutions. These providers offer high-risk merchant accounts and make the process simple, fast, and hassle-free.
Many businesses and industries labeled as "high risk" struggle to receive credit card payment processing from conventional financial institutions. However, specialized providers can help these businesses start accepting payments quickly, sometimes in as little as six hours.
Remember, being on the TMF list is not the end of your ability to process payments. There are options available, and with the right provider, you can continue to operate your business effectively.