Need US Merchant Account (on MATCH list) - Offshore merchant account still possible?

I

imfrenchie

New Member
Oct 30, 2018
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Hi,

I had a merchant account that was terminated and put on the MATCH list. I'm already looking into forming offshore company + bank account, so I can get an offshore merchant account.

Q1 - Any way I can still get a US merchant account still with no reserve? Reason I'm looking for US merchant account is to be able to also accept prepaid cards, and willing to cover 100% dispute if occur.

Q2 - Being on the match list, will I still be able to get an offshore merchant account with offshore company formation + bank account, or am I just waisting my money getting offshore company + bank account?

Thanks!
 
imfrenchie said:
imfrenchie said:
Q2 - Being on the match list, will I still be able to get an offshore merchant account with offshore company formation + bank account, or am I just waisting my money getting offshore company + bank account?
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For sure not, the MATCH list is world wide used by Visa & MC to check up against anyone that apply for a merchant account.

A 3rd party payment processor may work for you but if they check you or have to get a MID for you they will decline you.

The only way out of it is to use a middleman or using darks. What payment processor put you on the MATCH list and what is the reason? How much do you owe them?

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Admin said:
Admin said:
What payment processor put you on the MATCH list and what is the reason? How much do you owe them?
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First Data is who put me on the MATCH list, and they did not give me a reason. I only found out being on the MATCH list when I applied for another merchant account. I spoke to some attorney about it, and he wants close to $10k to try to get me off the MATCH list, but he cannot guarantee, and at this stage $10k is a lot of money for no guarantee, or even a partial payment for services if he cannot get me off the list would be fine, but $10k is to take if nothing happens.

I also don't owe them any money. They actually have about $10k in reserve which they are holding so any disputes that come up, etc, they will be taking it out of the reserve, and then after some time, I believe 6 months or so, they will be depositing the remaining balance into my account.

Any middleman or darks you can recommend or point me in the direction to find?
 
imfrenchie said:
imfrenchie said:
First Data is who put me on the MATCH list,
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ouch doh948""

It sounds a little strange usually you only get on that list if you have done something that course them a lost! What business are you into?

I try to figure out what this is about before I point you in any direction.

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Admin said:
Admin said:
ouch doh948""

It sounds a little strange usually you only get on that list if you have done something that course them a lost! What business are you into?

I try to figure out what this is about before I point you in any direction.
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Ouch indeed. I have an online coaching & consulting business and I work with individuals and small-businesses. My primary clients though are in the adult sector (I even told the First Data sales agent all of this info, and the following). I told them that I would estimate monthly volume on the low end to be around $50k, and that to except transactions from prepaid non-reloadable cards as well as some of my clients are looking to stay private, and to except daily transactions between 15-30 transactions, especially if they will be used the prepaid cards. I also told them given my volume, if any disputes were to happen, I will 100% be able to cover them.

And now moving forward after doing some research, if a client wants to pay with a prepaid card, I will only accept Amex ones as they offer any dispute coverage once used.
 
That is a pretty bad situation you are into here. They didn't send you anything explaining why they terminated your account? any numbers, anything?

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Admin said:
Admin said:
That is a pretty bad situation you are into here. They didn't send you anything explaining why they terminated your account? any numbers, anything?
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No. I just got a letter form with subject NOTICE OF TERMINATION AND RESERVE and, I'm summarizing it, the account was terminated effective Dec 11 19, and the business will no longer have the ability to process cards, and the amount being held in reserve, and any fees, chargebacks, etc, will be coming out of the reserve, and if I have any questions I can contact this X #. And I've called the number almost every other day to the person, left a voicemail, and no far no one has called me back.
 
You can try the guys with signatures around for instant @moneynetwork & @blueweb I know of, but use them at your own risk I don't take any guarantees.

And people without mentor group that still selling here you may take even more care about since no one knows who is behind these profiles!

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Admin said:
Admin said:
You can try the guys with signatures around for instant @moneynetwork & @blueweb I know of, but use them at your own risk I don't take any guarantees.

And people without mentor group that still selling here you may take even more care about since no one knows who is behind these profiles!
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I will reach out to these two members. Thank you for the help.
 
imfrenchie said:
imfrenchie said:
That being said any middleman or darks you can recommend or point me in the direction to find?
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Can you tell me what exactly your situation is and what do you need? I can't help with the darks, but if you are looking for the legal solution - this is my world. 😉

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Gediminas said:
Gediminas said:
Can you tell me what exactly your situation is and what do you need? I can't help with the darks, but if you are looking for the legal solution - this is my world. 😉
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Short version - I had a merchant account with First Data, they terminated the account, and put me on the MATCH list, and are currently holding about $10k in reserve which they will release after some time. I have not been able to find out the reason why they placed me on the list. Above the admin ad I had an exchange in more detail about the account.

End goal is to be able to process US cards. I can guarantee I can cover any dispute if any come up. Monthly volume on the low end around $50k, around 15-30 daily transactions.

Thanks.
 
End goal is to be able to process US cards. I can guarantee I can cover any dispute if any come up. Monthly volume on the low end around $50k, around 15-30 daily transactions.
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Since you have asked to @Admin for the middleman, I believe I can ask you to PM me with explanation what the business is about and what is your tax residency.

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