At Paymentsense we’ll do all we can to help you become compliant. This includes sending you reminders and our dedicated team calling to assist you.
At the beginning of your contract with us, you have a two month grace period before you are liable for monthly non-compliance fines (£35 or €25 ex VAT ). These will be automatically charged to your account for each non-compliant calendar month.
More importantly your customer’s information may be at risk of compromise and fraudulent use. The UK Cards Association advises that fraudsters “target the weak links in the payment chain to steal payment data and personal information for the purpose of committing fraud.”
To avoid non-compliant fines find out how to become compliant.