A TMF merchant account gives you the ability to accept payments at your business even if you have been placed on the MATCH list. The key with obtaining payment processing at this stage is finding a reliable high risk merchant account provider that has the options you need.
What Is A TMF Merchant Account?
In short, TMF stands for Terminated Merchant File. It’s a general ruling by credit card providers that for one reason or another you did not qualify for payment processing. More than that, it’s an indicator to other ecommerce merchant account providers that you may not qualify in the future.
Nonetheless, if you are able to resolve the issues that lead to your terminated file, then there should be hope for you to accept payments. After all, how are you going to run a successful company without having the basic capability of accepting credit cards?
