Some merchants need and deserve a second chance. They often fall victim to excessive chargebacks or refunds; negative balances and bankruptcy; or even fraudulent business partners.
We get it. We take inquiries for bad credit merchant accounts on a weekly basis. Instabill merchant account managers have helped many merchants with bad credit reestablish themselves and their businesses. We will outline exactly what the merchant needs to do to secure a merchant account and return to good standing.
We offer no guarantees, but we promise to hear out your case.
The Terminated Merchant File, better known as the TMF list or MATCHlist (Member Alert To Control High risk), is akin to detention for merchants. It is the ultimate penalty for excessive chargebacks, nonpayment or fraud. It is not easy to remove oneself from the TMF list, and can take as long as five years.
Merchants are placed on the matchlist for a number of different reasons:
Recovering from the matchlist isn’t easy, but we offer two things merchants must do to get back into good standing:
Along with submitting the proper KYC documents in full, only then can a payment processor consider offering a merchant account to a merchant with bad credit.
Obtaining a bad credit merchant account could cause merchants to adjust their business models to return to good standing. For example:
“We’ve seen merchants get approved with low credit scores,” said Instabill Sales Manager Wendy Jacques. “With strong financials, merchants can still earn approval with lower limits, volume caps and a reserve held for the life of the account.”
If you’re a merchant who deserves a second chance, Instabill is all ears. Select the live chat option below to be connected to a live merchant account manager.