To
establish a business, one must keep the customer’s ease and demand on priority.
For a business that offers product or
services, generating revenue can be in the form of cash or digital currency.
These days most people like to carry out their transactions via credit or debit
cards rather than paying cash for services provided. As crime and theft have increased to a recognizable level, it is
easy to carry credit or debit cards as their passwords are secure with the
individual who owns it. For a business that wants to use cards as a payment
mode, guidelines are made which is known
as PCI DSS compliance i.e. payment card industry data security standards. Let us look at some important points on which
charges of PCI companies depend.
Dependency of Cost
One of the
major factors in defining the cost of the
PCI compliant companies depends on
the transactions carried out per year. Mostly, two types of transaction based organizations are classified.
One that holds more than 6 million master card
or visa card transactions per year or the ones which are lesser.
Type of business
Another
factor is the type of business whether it
is a franchise or small business, shop or service providing organization each
one of them has a different amount of
customers who will prefer card mode of payment.
Size of Organization
Mostly, a
bigger organization will hold more card holder’s data and also will have more
resources and workforce. Thus, they are
likely to end in charging more.
Environment of the Organization
More the expensive set up used by the company, more will
be its charges. This is a clear cut
indication that luxurious company will cost more as compared to simple ones.
PCI Fees
Usually, a monthly PCI
compliance fees are asked by banks, which
may differ according to banks criteria of charging. Also, this fee may be charged if one is PCI Non-compliance.
PCI
compliance is important for your business as it gives you peace of mind, sense
of security and it uses a strong security technique to secure your valuables.
Thus, when you look for merchant services, ensure that they are PCI compliant
to avoid any problems later on.
