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September 29, 2024
Question

Do I have to pay to be PCI compliant If we only do credit card transactions from customers if they pay an invoice online with that method.....

  • September 29, 2024
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1 reply

September 29, 2024

Hello, there.

 

I’d be glad to help clarify whether PCI compliance applies to your situation!

 

Yes, businesses that accept credit card transactions are required to be PCI compliant in adherence to the Payment Card Industry Data Security Standard (PCI DSS), which maintains a set of security standards for credit card payment acceptance.

 

The intention behind this is to protect customer data from any potential theft or compromise. Compliance with these requirements allows businesses to ensure that security standards are met when accepting credit card payments.

 

Intuit has collaborated with SecurityMetrics to simplify the PCI compliance validation process. Keep in mind that an annual fee is charged by SecurityMetrics to merchants. If you opt to avail their services, you will be required to create an account with them. After finishing SecurityMetrics' FastPass, select the PCI package that best caters to your needs.

 

It is worth noting that a business that fails to comply may incur financial penalties, damage to its reputation, or even lose the ability to process credit card payments altogether.

 

To learn more about PCI, feel free to check out this article: Learn about QuickBooks PCI Compliance.

 

If you have any further questions about managing PCI compliance, don’t hesitate to reach out. We’re here to help you anytime.