When a chargeback flagged merchant's account is terminated following a monitoring program period, the termination triggers the same sequence of events as any other merchant account termination. The processor freezes settlement funds, files a MATCH report if the termination reason falls within the qualifying categories, and notifies the merchant that the account is closed. The MATCH report converts the termination from a bilateral processor issue into a market-wide exclusion, making it difficult to secure a new conventional merchant account. The merchant is now dealing with a payment processing gap, a potential fund hold on recent settlements, and a MATCH list placement that narrows its conventional alternatives significantly.
27 Blockchain's payment processing solution for chargeback flagged merchants is available both before and after account termination. Merchants who are enrolled in monitoring programs and can see termination approaching can deploy the 27 Blockchain cryptocurrency payment gateway as a parallel payment channel before the termination occurs, minimizing the payment gap when the conventional account closes. Merchants who have already been terminated for chargeback-related reasons can deploy the gateway immediately after termination, with the integration timeline determined by checkout complexity rather than by MATCH list clearance or underwriting approval. In either case, the blockchain payment infrastructure 27 Blockchain provides does not carry the same chargeback exposure that generated the original flag.
