Merchants evaluating payment processing options after an account closure need to understand the structural difference between seeking a new traditional processor and transitioning to blockchain-based processing. A new traditional processor will evaluate the merchant's closure history, check the MATCH database, and underwrite the account based on the same risk criteria that led to the original closure. If the closure was driven by product category or chargeback rates, those same factors will affect the new application.
Closed merchant payment processing through 27 Blockchain represents a different path because the payment infrastructure operates outside the system where those risk factors are evaluated. The transaction settles on the blockchain through a wallet-to-wallet transfer that does not involve the card network or the acquiring bank infrastructure where closure history and MATCH status are enforced. 27 Blockchain builds the wallet connectivity, payment gateway, and settlement infrastructure that gives the merchant a functional payment channel regardless of their history in the traditional processing system.
