They are a small family business that makes their own skincare products and one product contained CBD/hemp oil so their processor just abruptly cut them off and put them on the MATCH list. Any help would be great!I can see why you would be frustrated. Any advice would be appreciated. Payment cards are increasingly becoming the primary way consumers pay for goods and services; not being able to take payments this way could mean the end of your business. I was fortunate to find loop holes for my last employer who was put on it, for 7 reasons. I always run into dead ends! (e) Seller or any person owning or controlling Seller’s business is listed in one or more databases of terminated or high risk Sellers maintained by the Card BrandsNote this section is couched in permissive terms–i.e. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. We’re interested in hearing from you. Understand all the reasons you might be put on the list, and do your best to avoid them.
Hire a lawyer only if it makes financial sense.The third and last reason you can be taken off the MATCH list is if you were put on the list because you were not PCI compliant but have since To get off the list, the most important information you’ll need is a letter or certificate of validation from a Mastercard certified forensic examiner declaring that you are now PCI compliant. Every one of these acquirers would have a right to place you on the MATCH list.Lastly, whether you’re a business user or an individual user, you fall under the PayPal User Agreement. Even if such a system is operational, it may be restricted to organizations and their bankers / banking systems. Also we changed the company name and also the new tax id.. Again we got the same response from the providers.
Some of them are experienced in getting people off the MATCH list and, with that experience, probably can tell you right away your odds of getting off the list.If a high-risk processor can’t help you, a lawyer might be able to. WHAT TO DO??
Do I face risk in this circumstance?We sold our business and the new owner was to handle this as part of the purchase agreement and did not. Good luck, happy to help if ii can.. RoxHI, I am so sorry I have not been able to respond to anyone.
Aka Visa/MC Code of Conduct board etc. This means that, as long as the bank doesn’t know who you are, they can’t check you against the MATCH list.
If there’s a change of ownership will this flag up on match?Adam, it’s possible. So we changed to a new company and during the first two weeks of service on July 4th we had chargebacks. The fraudulent account must have been written for a small annual volume because there was no hard credit check on my merchant. Which mainly deals with Online technical Support.Do you know if PayPal files to the MATCH system? Specifically if they deactivate you for processing too many prepaid debit cards?Square does report to the TMF, though I am not positive if processing too many prepaid debit cards will get you on the list. None of our members \ owners were associated with another business that might have used this domain and violated MC policies before. I was put on by first data.
But, I need a merchant account any recommendation on a company. It’s happened to me. For example, if a seller conducts a few hundred high-value transactions each month, just three or four chargebacks could be enough to tip the scales.Even if you are listed in the TMF, it’s not always the end of the world. During the holiday and transition from one merchant to the other based on rates…. I have some personal contacts that help to facilitate this. AMEX submitted a removal request ten days ago and my client is still on the list.My company has just been the victim of a major Nigerian scam possibly totaling $80k and my merchant account with firstdata has been terminated as well as there were $45K in chargebacks to my business checking account. Each month, MATCH automatically purges any Merchant information that has been in the database for five years.So, the five years rule is pretty automatic. You’ll also need the following:The information is to be submitted to a specific Mastercard email (What if you’re not on the MATCH list by mistake and you can’t wait five years to age off the list? These bad acts are listed in a table in Note Code 06 is reserved for future use and Code 08 is for failing a Mastercard audit program, both of which are left off our table.According to Mastercard (SRP, Section 11.2.2), an acquiring bank is If your acquiring bank (through your processor) terminates its business relationship with you for other reasons, then you would/should not be put on the list.There are only three ways to get off the MATCH list:According to Mastercard’s Security Rules and Procedures, Rule 11.2.6:Merchant records remain on the MATCH list for five years.
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terminated merchant file