Constitutional Law,
Consumer Law
Jun. 29, 2023
The MATCH List is Out of Control!
Credit card companies are allowing an archaic set of rules to create an atmosphere where even a general request for an investigation of behavior that might run afoul of the Card Brands’ rules will get a merchant immediately terminated. In the unlikely event that there is an actual investigation, the merchant will not be made aware, nor will they see the evidence against them or have a chance to refute it. This is a clear violation of due process, and it is happening every day.
To have any chance of success, a merchant must have the ability to accept credit cards and debit cards as payment for the goods and services they offer (hereinafter, “card payments”). This reality has become even more apparent after the Covid-19 lockdown, when merchants were forced to move their businesses completely on-line because they were no longer able to accept customers into their brick-and-mortar establishments. This move to the internet meant that a merchant’...
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