There are numerous fees, terms, requirements, deceptive sales practices, and other aspects you as a merchant must avoid in order to protect your business and perhaps your own personal credit worthiness. The “MerchantFeeSavers Guide” goes into great detail on the steps to needed select the right merchant account provider and avoid the pitfalls that have cost some merchants thousands of dollars. Below are some of the most common ones.
The Payment Card Industry Data Security Standard (PCI DSS) consists of requirements designed to ensure that all businesses that process, store or transmit credit card information maintain a secure environment.
All merchants who accept credit, debit, or card association labeled pre-pay cards, regardless of size or number of transactions, must be PCI compliant. PCI compliance is to be taken very seriously. In fact small merchants and home business may be the most susceptible to hackers.