The termination list is a list, fed by all banks, that contains the merchants whose merchant agreements have been terminated by banks, together with the reasons for termination.
This list is maintained by BKM and offered to banks as a service.
When merchants request a POS device from banks, banks check whether the merchant is on the termination list and assess whether it is viable to work with that merchant. If the merchant is on the termination list, banks either do not sign an agreement with that merchant, or they examine the merchant's current situation in more detail to assess viability.
Can a POS device be issued to a merchant that is on the termination list?
This depends on the date the merchant was placed on the termination list, the reason it was placed on the termination list, and the result of the current evaluation of the merchant.
Even though a merchant is on the termination list, if the bank concludes that it is viable to work with that merchant, a POS device can be issued to the merchant.
So, on what criteria can the termination check be carried out?
If it is a sole proprietorship, the termination check is carried out based on the TCKN (national ID number); if it is a corporate company, it is carried out based on the VKN (tax ID number).
Is a termination check carried out for foreign customers?
There is not yet a check based on the YKN (Foreign ID Number).