Match is a watch list for acquirers and mid providers with Mastercard also named MasterCard Alert to Control High-risk Merchants. It’s used to track history of all companies so they can minimize risk on their end. As well as MATCH having codes for termination, there is also MCC codes which is used to identify merchants.
MATCH is mandatory usage for acquirers in order to step into a agreement with any merchant. Overview in MATCH gives acquirers the overview of former closure reasons, and will help access risks and see if there is basis for an agreement. If acquirer takes a merchant in, it then helps them figuring out future terms.
Mastercard has made a API functional where acquirers can get all MATCH data live and in real-time. This makes it easy for acquirers to find data about merchants, and harder for bad merchants to get high risk merchant accounts.
MATCH has reason codes for all terminations, which means even YOU is mentioned if you’ve ever been terminated. Here is the overview of them:
MATCH is a forced function from Mastercard and all acquirers has to use it when being approached by a merchant.
What happens when are acquirer submits a request? MATCH then searched on submitted data and sees if there are any MATCHES and what reason they were terminated for. They search as far back as 5 years and any data found on merchants searching will be shown to acquiring bank.
If an acquirer are using the MATCH database to search for a US-based merchant, fields used are address, city, state. For non US merchants, it will be street, city, and country used instead. If inquiries are about ecommerce merchants, acquirers must provide the merchant’s URL, or website address.
Mastercard has two reasons to remove a merchant.
Chargebacks prevention is needed for all high risk merchants as one of the biggest reasons for submission is excessive chargebacks. Anything above 1% or 75 chargebacks per mid will mean submission for MATCH.