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No, PCI/DSS is similar to the Better Business Bureau: many people think its an official (i.e., government mandated agency/law) but it's not. Many merchant accou
by leftnode 17y ago
No, PCI/DSS is similar to the Better Business Bureau: many people think its an official (i.e., government mandated agency/law) but it's not. Many merchant account companies require it, but it's entirely possible to find a merchant account that does not require you to be PCI/DSS compliant.
Some people say PCI/DSS compliance is a scam, because you generally have to pay someone to say you're PCI/DSS compliant, officially, if I remember correctly.
- tbgvi 17y agoIt all depends on your transaction volume. If you don't run that many transactions then all you have to do is fill out a form saying you're complying. If your transaction volume is high, for example let's say Walmart, then the level of scrutiny goes way up. There is the option of not complying with PCI, but Visa and MasterCard wouldn't authorize transactions for them anymore. In a case like that there's a pretty big monetary incentive to comply. PCI isn't perfect, that's for sure, but its probably better than nothing.
- leftnode 17y agoDefinitely. I also believe you get a discount per transaction if you're compliant. We had to become compliant for the merchant we use, and because we don't do a lot of transactions, it was only $80 a year. Small price to pay, I think, to keep my ass covered somewhat. I suppose I came off as not liking PCI/DSS. I do like it, just wanted to clarify some things about it.