Accepting card payments can be a risky business, and fraudsters are always looking for ways to steal customer data. You may not know it, but it’s your responsibility to safeguard your customers’ financial information by becoming ‘PCI compliant’. If a data breach does happen, your customers can lose out and you could be fined up to £90 for every card that’s been compromised.
The Payment Card Industry Data Security Standard (PCI DSS)
The Payment Card Industry Data Security Standard (PCI DSS) is the global standard for handling card data. All businesses accepting card payments are required to follow these standards to become officially ‘PCI compliant’.
Why is PCI compliance important?
When you accept a card payment, you and your customer are sharing sensitive financial information. By becoming PCI compliant, you can formally demonstrate that you’re handling and managing customer data as securely as possible. This means that in the event of a card security breach, you’ll prove you’re doing everything you can to prevent fraudulent use of information and ultimately reduce your risk of being fined.
All new Paymentsense customers have two months to become PCI compliant. After this time, you’ll be charged a monthly non-compliance fee of £35 or €25 plus VAT to offset our own risk of being fined in the event of a breach.
PCI compliance costs
|PCI management||£4.95 or €4.95 per month||
This is the cost for us to manage our PCI compliance program and security systems that protect your business and customers.
|Charged on your quarterly Paymentsense bill|
|PCI phone validation||£2.50 or €3.12 month||
This is an optional service where we can help you complete the PCI assessment over the phone in as little as 10 minutes.
|Optional and billed by Paymentsense once per year|
|PCI non compliance||£35 or €25 per month||
This is the charge we will apply if you don't become PCI compliant after two months of starting your contract with us.
|Charged every non-compliant month after the grace period|
For more information about PCI DSS visit: