PCI compliance is a set of 12 security standards that businesses must adhere to when accepting credit card payments and transmitting, processing, and storing credit card information. Among the requirements are encryption of cardholder data, firewall management, antivirus updates, and assigning unique IDs to individuals with access to computers.
Here is a description of the fees charged for both PCI compliance and PCI non-compliance.
PCI Compliance Fee
Some payment processors or merchant service providers charge their customers a PCI compliance fee for using their services. The fee covers the cost of providing merchants with PCI DSS tools, resources, and support.
PCI compliance fees vary by provider but typically range from $79 to $120 per year. Providers may charge this fee monthly, quarterly, or annually. It may be included in the overall processing fee, while others may list it separately.
EnrollsyPay charges $5.00/month for PCI/Breach Assist.
PCI Non-Compliance Fee
The PCI non-compliance fee is a penalty that some payment processors impose on their customers who fail to comply with the PCI DSS. The intention of this fee is to get merchants to take PCI compliance more seriously and to cover the potential risks of not complying with these standards.
The amount of the PCI non-compliance fee varies depending on the provider, usually between $10 and $100 monthly. EnrollsyPay charges $25.00/month. This fee is only assessed if the merchant fails to complete the self-assessment questionnaire. There is also a 60-day grace period before this fee is charged.
To view these and other fees EnrollsyPay charges, see this fee sheet.
To learn more about PCI Compliance, see these resources: