Yes. All merchants who accept credit cards are required to become PCI compliant by the card associations. If your organization chooses not to become compliant, the organization will be subject to a monthly non-compliance fee of $19.95. In addition, any fines/fees related to a data breach would be the responsibility of the merchant! One of the big advantages to being PCI Compliant is that you can ensure you’re following all appropriate card brand regulations. By skipping PCI compliance, you may miss out on learning of some costly mistakes.
Articles in this section
- How do I become PCI Compliant?
- What are the PCI compliance levels and how are they determined?
- If I only accept credit cards over the phone, does PCI still apply to me?
- My business has multiple locations; is each location required to validate PCI compliance?
- Are debit card transactions in scope for PCI?
- Am I PCI compliant if I have an SSL certificate?
- What are the penalties for noncompliance?
- What is defined as ‘cardholder data’?
- What is the definition of merchant?
- What constitutes a payment application?