A PCI Non-Validation Fee is a charge imposed on merchants who fail to comply with PCI DSS (Payment Card Industry Data Security Standards), which are designed to protect cardholder information and secure transactions. When a merchant does not validate compliance, payment processors or acquiring banks may assess this fee as an incentive to encourage data protection standards adherence. These fees vary by processor but can cost merchants hundreds or even thousands of dollars annually if compliance is not achieved, impacting both small businesses and large enterprises alike.
Non-compliance with PCI DSS standards can have costly repercussions, with over 40% of small businesses reporting additional fees related to PCI non-validation. In 2023, it was estimated that the average non-compliance fee for small merchants ranged between $19 and $100 per month, while larger enterprises could face significantly higher fees. Example: A medium-sized retailer incurred over $1,200 in annual PCI non-validation fees until they adopted a compliance program, which not only reduced the fees but also improved customer trust. Insight: Studies show that merchants who achieve PCI compliance reduce their risk of security breaches by 50%, demonstrating the importance of meeting these standards to avoid both fees and potential data breaches.
Swipesum specializes in guiding businesses through the PCI compliance process, helping you avoid costly non-validation fees and protect your customers' data. Our team works with you to implement secure, compliant payment solutions, from evaluating current practices to setting up secure payment gateways and protocols that meet PCI DSS requirements. By partnering with Swipesum, you’ll avoid non-validation fees, safeguard your business from data security risks, and ensure compliance with industry standards.
