PCI Compliance Fees | Merchant Stronghold

What is PCI Compliance

PCI is the shortened version of the acronym PCI DSS, which stands for Payment Card Industry Data Security Standard. It’s a set of best practices that was developed by a group called the Payment Card Industry Security Standards Council back in 2006. The purpose of the council was to set up an industry-wide set of security standards and user input from the five major credit card companies: JCB, Visa, MasterCard, Discover, and American Express.

What is PCI Compliance Fees?

The PCI stands for Payment Card Industry and the PCI Compliance charge is a non-standard charge that a merchant is needed to pay when the payment service providers ask for it. The exact reason to pay this fee is not clear. Here are some key points of the PCI Compliance Fees:

• The PCI Compliance Fees is a non-standard charge, paid by the Merchant.
• There are no strict rules or set of reasons around this particular charge.
• There are no specific services given to merchant in the return of the fees.
• These fees make the Merchant PCI Compliant.
• If the merchant is not paying the PCI Compliant fees then the payment processor will ask them to pay the PCI non-compliance fees.

Now that you know about the PCI Compliance and its significance for the Merchant let’s move to understand whether it is important or not.

What happens if you do not pay your PCI Compliance Charges?

If you do not pay off your PCI Charges then you will be asked to pay the non-compliance charges. And for further disobedience, your license for the business can be terminated.

Related FAQs – Merchant Stronghold

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• How to become PCI compliant?

Mentioned above are some of the issues of our other customers. If you are also facing a hard time with the PCI Compliance charges then contact Merchant Stronghold for assistance. We give special attention to the high-risk businesses and specialize in the offshore accounts. Contact using the 24/7 email support at info@merchantstronghold.com or try the toll-free number +1 (888) 622 – 6875.