There are three types of fees related to PCI compliance.
1. PCI Management
This is the cost for us to manage our PCI compliance program and security systems that protect your business and your customers.
Amount: £4.95 or €4.95 per month.
When is it charged? Quarterly Paymentsense bill
2. PCI Phone Validation
This is an optional service where we can help you complete the PCI compliance assessment over the phone in as little as ten minutes. Find out more about PCI Phone Validation.
Amount: Price can vary
When is it charged? Optional and billed once per year by Paymentsense.
3. PCI Non-Compliance
This is the penalty charge for not completing the PCI DSS assessment, which is required to demonstrate your compliance with the industry standards for card payment security. At the beginning of your contract with us, you have a two month grace period before you are liable for monthly non-compliance fines.
In addition to the fine, 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 this charge, become PCI compliant now.
Amount: £35 or €25 ex VAT
When is it charged? Every non-compliant month