Most MATCH list placements result from chargeback-related account terminations, and the conventional payment solutions available to MATCH list merchants do not address the chargeback problem — they only attempt to work around the MATCH list consequence of it. A merchant that deploys a conventional high risk processor relationship after a MATCH list placement is operating on payment infrastructure that still generates chargebacks, still tracks chargeback ratios, and still carries the account vulnerability that comes with being a monitored high risk merchant. The MATCH list payment solution they have deployed is addressing the access problem while leaving the chargeback problem intact.
The MATCH list blockchain payment solution 27 Blockchain provides addresses the chargeback problem structurally because blockchain transaction finality eliminates the reversal mechanism that generates chargebacks. A customer who initiates a confirmed cryptocurrency payment cannot reverse it through a bank dispute process. The merchant handles refund requests directly under its own policy rather than having funds reversed unilaterally by an issuing bank. The chargeback ratio that triggered the monitoring program and subsequent termination cannot accumulate in the blockchain payment environment, because the reversal mechanism that generates it is not present. For MATCH list merchants whose termination and MATCH list placement were chargeback-driven, the 27 Blockchain crypto payment solution is the only option that addresses both the access problem and the root cause simultaneously.
