What Exactly Is PCI Compliance and How Much Will It Cost Me?
PCI Compliance is important because it increases the level of security across all platforms to better protect credit card data and transaction information from potential fraud and theft.
PCI Compliance is important because it increases the level of security across all platforms to better protect credit card data and transaction information from potential fraud and theft.
Transform your PDFs into Flipbooks and boost your revenue!
Leverage SEO-optimized Flipbooks, powerful backlinks, and multimedia content to professionally showcase your products and significantly increase your reach.
<strong>How</strong> <strong>Much</strong> <strong>Will</strong> This <strong>Cost</strong><br />
<strong>PCI</strong> compliance cost varies by both the size of the business <strong>and</strong> the merchant provider one<br />
is using. Most providers now charge a monthly fee for <strong>PCI</strong> compliance or some an<br />
annual. This can run anywhere from $10-$30 a month to $300 a year. Some have programs<br />
available where they will assist you in your scan <strong>and</strong> charge you a lump sum for the entire<br />
process. Scans can run anywhere from free to thous<strong>and</strong>s of dollars depending on the size<br />
of business.<br />
<strong>What</strong> is the point<br />
Besides being m<strong>and</strong>ated by the Card Association <strong>and</strong> the potential fines for non<br />
compliance, <strong>PCI</strong> compliance is important for the safety of your business. Credit card fraud is<br />
at an all time high <strong>and</strong> with the increase in online credit card processing there is potential<br />
for great financial damage with a security breach. Even a small company can be found liable<br />
for such a breach <strong>and</strong> end up owing thous<strong>and</strong> of dollars in restitution. By being <strong>PCI</strong><br />
compliant a merchant can rest assured knowing that they have taken the steps to<br />
protect them self from fraud <strong>and</strong> in turn, not be liable for such a security<br />
breach. Furthermore, customers feel more assured when they see a <strong>PCI</strong> compliant logo on<br />
a website. This can increase business <strong>and</strong> ensure customer satisfaction.
Change language