I’ve talked a lot about PCI Compliance on this blog, primarily because it impacts all of our customers’ monthly processing statements.
Merchants are charged an extra monthly fee for every month they do not complete their PCI Compliance requirements for keeping customer data secure.
Once a year, your business is required to complete a questionnaire from your processor. If you don’t complete the questionnaire or you are not keeping sensitive payment information PCI compliant, you’ll receive a monthly non-compliance fee until you complete the questionnaire.
If you want to read more about the questionnaire and how to answer the questions, you can read more here. However, there’s are pretty simple rules to follow to become PCI compliant.
Whether you received an email notification from your processor, or noticed unfamiliar fees on your credit card statement, you’ve heard about it. PCI compliance is a bit of a confusing topic for merchants since they aren’t really sure what they should do to be compliant. Most probably think they are keeping their customers payment information safe, but probably aren’t in the eyes of the processor.