Terminated Merchant File
Is your terminated merchant file making it difficult
for you to get approved for a merchant account?
Contrary to popular belief, a terminated merchant file does not mean
it’s impossible to get approved for a credit card merchant account.
There is no doubt that it makes the task significantly much more
difficult, but if you choose the right company,, it’s still possible to
get your merchant account approved. A terminated merchant file, also
called a TMF or MATCH file, is essentially a blacklist created by
acquiring banks in order to steer clear from merchants or principals
that have been problematic in the past. Once on this list, getting
approved for your high-risk merchant account domestically or
internationally can take years. That is assuming the merchant account
request gets approved at all. Nobody wants to find their name or company
on TMF (terminated merchant files), but in the event that you are
already on this list, Painless Processing may be able to help.
How terminated merchant files work
The best way to avoid all of the difficulties that terminated merchant
files bring is to stay away from high risk industries.. We at Painless
Processing understand that this may not be an option for you and want to
help you obtain your merchant account regardless if you are in TMF
status.. In most cases, merchants on TMF’s are not even able to gain
approval from international banks. Being placed on the terminated
merchant file database essentially puts you in a blacklist that can
affect you for your entire life. When you take into consideration the
credit crunch that is affecting the entire globe, banks want to stay
away from taking unnecessary risks to avoid losses.
In the event
that you’ve been placed on a terminated merchant file blacklist,
Painless Process is your salvation and hope.. Even though all U.S.
processing banks will most probably deny your request, you still have a
chance at getting your credit card merchant account approved abroad with
our support. As you may have learned already not just any international
bank is willing to take on such a “risky” account. It takes knowledge of
the international banking system, as well as relations with specific
banks to get your high risk merchant account approved. Fortunately, our
team of experts here at Painless Processing has partnerships with banks
all around the world. In addition, we can connect you with the right
processing bank that would be most likely to accept your type of
high-risk merchant account. Whether you have had an escort, e-cigarette,
travel, or gambling merchant account, we have the connections and
experience to get your merchant account request approved.
Being put on a MATCH file isn’t the end of the
If you have had the misfortune of being placed on a MATCH file, also
known as a terminatd merchant file, you probably know by now how
difficult and aggravating the loss of the ability to process payments
can be.. Most likely, the loss of income is causing you to lose business
and is affecting your livelihood.. Our merchant account experts at
Painless Processing have dealt with clients in the past that have been
placed on terminated merchant files. Because of our experience working
with international banks, as well as the relationships we have built
with them, we can make sure that your TMF credit card merchant account
request gets approved. Don’t think that there is no way out. Contact us
at Painless Processing today to find out how we can help.