Merchant Stronghold

       TMF, MATCH file and GNF: One of the most challenging things a merchant faces is going on the blacklist by the credit card companies, such as Visa/ Mastercard. This blacklist is famously known as “TMF or MATCH” list. This makes it very difficult to get a merchant account anywhere around the globe, especially, if it is a  high-risk merchant account . Second to that is being put on the GNF list, which is Group Negative File. However, it is not as severe but has its own consequences. Match file is like a blacklist that banks can cross-check when they take on a new business. The match is a system created and managed by MasterCard. It is a database that contains information about businesses, which have gone through the phase of a fraud or a chargeback and has been terminated for many reasons. TMF Terminated Merchant File is another term, which is coined by Visa is just a synonym of MATCH. GNF, Group Negative File, is First Data’s internal list of businesses that they have had an

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CBD Merchant Account:   CBD abbreviated as Cannabidiol, is a chemical compound from the Cannabis plant. It’s a naturally occurring substance that’s used in products like oils and edibles to impart a feeling of relaxation and calmness. Unlike its cousin tetrahydrocannabinol (THC), which gives a person high when consumed. That is the reason CBD business is considered as a high- risk  business and if the  account  gets approved, the  merchant  would be given a high- risk  payment  gateway . However, CBD is not psychoactive. The laws concerning the consumption and sale of cannabis and related products such as CBD and hemp oils in several states in the US are undergoing a drastic change. Despite the legalization, many  merchant account providers  are reluctant to place an approval for these High- Risk  Merchants of CBD, as they fear there would be another change perhaps soon. Steps For A Merchant Account: The CBD falls into the grey area depending upon its cultivation and extraction.

Chargeback  Guide:  A  Merchant  in a high- risk  business always prioritizes  chargeback  if he cares about his business. Because a  chargeback  percentage decides whether he would still be in the online business or get a red card from  merchant   account  service providers. Navigating the  chargeback process  is painful and time-consuming for any  merchant . Chargeback , if you may not know is a  return  of funds into the buyer’s bank  account , a  line of credit  or  credit card . In other words, a  chargeback  is a demand by the  credit card   issuer  from the retailer to make-up for the loss on a disputed  transaction . All  chargeback  disputes begin when a  cardholder  files a dispute on a  transaction  with their  issuing bank . (Usually, a  cardholder  has 45-180 days to dispute a  transaction  depending on the card association). The  issuing bank  then reviews the claim and determines its validity, which takes anywhere from 2-6 weeks. Visa gives issuing banks up to good 3

Online Payment Risk:   Payment  risk  is considered as a loss if a  merchant  or a company handles a high volume of payments and they fail to comply with the contract. The blockage of the payments as a source of fraud can be bounced back on the company. The truth is that every payment method involves  risk . If you run an online business and process payments on your website, there is a  risk  involved. The major ones are a fraud and operational risks. There are many types of operational risks: Inadequate and Failed Information Systems Fraud and   Chargebacks Processing Errors Breaches in Internal Sources and Control Commercial Disputes Unforeseen Calamity. Since online payments form the foundation for digital foundation services, an approach to managing and regulating their  risk  is the first step. A company should work for an approach for assessing the economic impact of  risk  from the perspectives of customers, providers, and self. A high level of tr