Without a doubt, when working with a payment processing company, one will know that they are going to have to deal with potential issues. When knowing this, it’s easy to see why the provider is going to be hard on some potential and current customers, and they often check the MATCH, or member alert control high-risk merchant database, and here are a few reasons why.
Downright fraud:
First and foremost, when looking at credit card processing accounts, one can see that fraud is a huge problem. To combat this, the credit card processing company will have to do their work to ensure that people are honest. If there are issues, one will end up getting reported to the database. Then, when looking for a new account, a person will struggle if they did not comply with all the rules. Simply put, without a database, people could commit fraud, and they could get away with it easily.
Lots of charge backs:
Think about it, when working with merchants, one will have to deal with some charge backs. This is not a big deal in the short-term, but, in the long run, one will deal with issues if a company has a lot of past complain, and they are going to have problems getting a merchant account that they can enjoy. However, to avoid this, a merchant should go out of his or her way to avoid charge backs. Simply put, by having a lot of issues with clients, one will struggle to keep them happy and interested, and the MATCH database is a great place to check out.
Business not legit:
Finally, when running a company, sometimes, people are not in it to be honest. Yes, when working on the internet, many individuals have fake businesses or sell products that are not approved by the merchant provider. For this reason, when there are problems, one will have to check the MATCH database. Otherwise, if they don’t, they are going to struggle if they want to make sure a company has been honest in the past. Remember, with this database, it’s easy to make sure that the company owner did not cheat customers or lie about the product or service.
When looking at merchant accounts, one can see that they are going to want to check out the database. Otherwise, without doing so, one will struggle to find potential red flags.