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THESE ARE SOME FACTS YOU SHOULD KNOW ABOUT MERCHANT ACCOUNT

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  A merchant account  is a type of  bank  account that allows businesses to accept payments in multiple ways, typically  debit  or  credit cards .  A merchant account is established under an agreement between an acceptor and a  merchant acquiring bank  for the settlement of payment card transactions. In some cases a  payment processor ,  independent sales organization  (ISO), or  member service provider  (MSP) is also a party to the merchant agreement.  Whether a merchant enters into a merchant agreement directly with an acquiring bank or through an aggregator, the agreement contractually binds the merchant to obey the operating regulations established by the  card associations . HOW TO GET MERCHANT ACCOUNT ? A merchant account is a type of  bank account  that allows businesses to accept payments by debit or credit cards.  So a match list merchant account is an agreement between a retailer, a merchant bank and  payment processor  for the settlement of  credit card  and/or debit card

Reason why a merchant get on the MATCH list?

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The MATCH/TMF store information about terminated accounts. This means that every time a business account is dropped by a provider, the reason for this is denoted into a list maintained by MasterCard. Getting put on MATCH list means that you’ll have difficulty opening up another merchant account. These are necessary for you to accept and process credit card payments, which will severely limit your income potential. There are ways to get off the MATCH list or to avoid being in a MATCH list , you should know what could be the possible causes that can add you in a MATCH list. Numerous chargebacks: The number one reason for being added to MATCH is having too many chargebacks. Chargebacks happen when a customer reverses a transaction with their bank rather than requesting a refund or replacement. it's extremely frustrating to get on a MATCH list because of chargebacks because it's out of your control. But MATCH doesn't care about it.  Fraudulent Behavior: Another reason invol