I have a question about TMF or Match List. How long does a merchant remain on the List. I closed my account in 1999 and was put on the List for fees left over and was newer told about it.
2:36 pm on Aug 28, 2012 (gmt 0)
You will never get off TMF. You need to go back to the processor and get a letter stating that you have paid back what you owe to them. You are now considered high risk because you have been put on the match list. They will never remove because there is liability associated with you.
[edited by: lorax at 3:09 pm (utc) on Aug 28, 2012] [edit reason] Removed solicitation [/edit]
5:42 pm on Aug 28, 2012 (gmt 0)
Mastercard website says Match List remains on file for 5 years, then removed
11:52 am on Aug 29, 2012 (gmt 0)
You will be removed from the MATCH/TMF file at then end of five years, after you were first put on. To be on the safe side and allow for administration of the MATCH/TMF, I would wait 5 1/2 years after you had your merchant account revoked.
The tales of people being on the MATCH/TMF list forever, is an urban legend.
The TMF list can be defeated by entering into informal partnerships with new principals, or becoming a shadow director in the corporation.
Of course you will need to change the practices that got you on the TMF list in the first place, or you will probably have a repeat performance.