If you have discovered that you are on the MATCH List and have a million questions, you are not alone. Being placed on the MATCH List can have devastating consequences for you, your business, your business partners, your family, and your future. As MATCH List removal experts, we have compiled the most commonly asked questions from people when they are first placed on the MATCH List. Keep reading to learn more about the MATCH List, how you may have gotten on it, what to do now, and most importantly, how to get off the MATCH List.
MATCH stands for Member Alert to Control High-Risk Merchants. The list is a powerful national database that contains information about merchants and their principals whose credit card processing privileges have been terminated for cause. MasterCard Worldwide created and maintains the MATCH list, which is also commonly referred to as the Terminated Merchant File (TMF).
It exists because it serves as an industry blacklist that identifies merchants whose payment processing services have previously been terminated for certain enumerated reasons. Acquirers consult this list when evaluating whether to take on a merchant’s business. For acquirers, Mastercard Alert To Control High-risk Merchants (MATCH) lets an acquiring partner look up whether another acquiring partner has terminated a merchant in the past and the reason for said termination, to help with an onboarding decision.
More benefits of The MATCH List for acquirers include:
While the MATCH List serves a great purpose for acquirers to weed out companies they might not want to work with, the results can be devastating to businesses. Some of the reasons a business gets placed on the MATCH List may not even be due to any fault of their own.
The 13 reason codes are as follows, according to Mastercard themselves:
It is impossible to find out who, specifically, has placed you on the MATCH List. However, credit card processors are generally the ones who place merchants on the MATCH List. This is because credit card processors are in charge of monitoring accounts and they can easily detect if one of the above codes has been violated.
Once your business information, personal information, business partner’s information, and associate’s information have been entered into the MATCH List database, they will remain there for a period of five years. After five years, all of this information will be “aged out” and erased so that you can go back to business as usual. However, waiting this long period of time is very unrealistic for most businesses. If you suspect you’ve been placed on the list in error and can prove that you can follow all the security codes, you may be removed early.
It is possible to still run your business while on The MATCH List, however, it may be difficult. This is because you won’t be able to use your merchant account. That means you won’t be able to process credit cards, which is the primary way that people choose to pay for things. Some options include:
If you cannot wait five years to become automatically removed from The MATCH List, you can attempt removal early. If you believe you have been placed on the list in error, have become a victim of identity theft, or otherwise believe you can prove your security compliance, you may have a good chance of early removal. This is a difficult process, and the experts at TFM Law can help you.
If you have found yourself on the Match List, we can help you. The Law Offices of Theodore Monroe focuses on litigation and counseling in the areas of payments, credit card processing, e-commerce, direct response marketing, and Federal Trade Commission enforcement. Last year the firm got 100% of the people who came to us off the MATCH list.
Theodore F. Monroe, Founder of TFM Law, has successfully:
Before opening his firm, Mr. Monroe practiced law with Crosby, Heafey, Roach & May (now Reed Smith LLP) and Lewis, D’Amato, Brisbois & Bisgaard (now Lewis, Brisbois, Bisgaard & Smith), where he defended numerous accounting and law firms in professional liability actions, and insurance carriers in bad faith actions.
Before becoming a lawyer, Mr. Monroe worked as a forensic accountant at Coopers & Lybrand, which provided him with a background in forensic accounting and financial analysis that is unique among litigators in Los Angeles. Mr. Monroe studied at Duke University Law School, achieved a BS with Honors, Accounting, University of Kentucky, and is a member of the California State Bar and the Kentucky State Bar.
For more information on The MATCH List and to start your removal process today, visit us at howtogetoffmatch.com