In 2021, 90% of card transactions were contactless payments. Apps...
How To Avoid Unnecessary Charges On Your Merchant Bill
Business growth can inadvertently lead to increased security risk.
In small-to-medium businesses, much of the mitigating risk management will be reliant on the tools available. It is commonly found that third-party payment providers will incur additional charges for security measures.
One of the more controversial charges is for PCI-DSS Compliance, as a card payment security measure ensuring customer data protection through a rigorous set of standards. While it is not standardised by law, it is often found that the responsibility of the card processor is to establish the PCI Compliance fee.
The controversy comes from transparency issues, many businesses simply do not know whether they are compliant or not – which both can incur their own respective charges. It can be a charge that puts off smaller businesses partnering up with a payment provider. Especially since non-compliance can incur a hefty fee if your business is externally investigated in a data leak.
How BMS can help
Bespoke Merchant Solutions offers a free comparison service for any contract, while also offering a personalised Account Manager. We will also have your security on top of our list which is why we will source a trusted Compliance Manager who will work with you to understand your business. Your Compliance Manager will fill out the PCI compliance form for you and keep on top of compliance management, leaving you to get on with what you do best.
Simply fill in the form below or call us on 0800 989 0142. We look forward to hearing from you!
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