The card associations require every merchant to be Payment Card Industry (PCI) compliant. This is accomplished by completing a Self Assessment Questionnaire (SAQ), running a scan if applicable, and renewing the compliance annually.
Failure to adhere to the PCI standards could result in a data breach.
Beginning July 2020, the Payment Card Industry (PCI) compliance fees will be displayed differently on your merchant statements. Depending upon your business type, you may have read the following announcement under the "News For You" section of your merchant statements:
Effective July 2020, we will no longer charge a PCI non-compliance fee. You will be charged a standard monthly PCI fee. If you validate PCI DSS compliance annually, you'll be billed a discounted PCI program fee which is the amount you currently pay for your PCI program.
To be clear, there is no change to the net price paid for PCI compliance as long as your account remains in compliance. Therefore, this is just a change to how the fees are structured and presented on your merchant statement.
All companies, regardless of transaction volume, must comply with the requirements of the Payment Card Industry Data Security Standards ("PCI DSS"). Elavon's monthly standard PCI Program Fee is $74.99 for Level 4 merchants, as described in the PCI Fee Variation Section below. Most merchants will be classified as Level 4. Any merchant that processes in excess of 20,000 transactions per calendar year will be classified as Level 1,2, or 3. Additional PCI fees may apply for these merchants.
The PCI DSS council maintains for levels of PCI classification for merchants, depending upon the number of transactions processed per calendar year. The levels are as follows:
Level 4 (0 - 20,000 transactions per year)
Level 3 (20,000 - 1MM transactions per year)
Level 2 (1MM - 6MM transactions per year)
Level 1 (> 6MM transactions per year)
Any company that validates PCI DSS compliance on an annual basis, with initial validation to occur no later than ninety (90) days after account approval, is eligible for the discounted PCI Program Fee.
COMPLETE YOUR PCI ASSESSMENT
Use our PCI Compliance Manager tool to validate compliance with the Payment Card Industry Data Security Standards.
USERNAME & PASSWORD RESETS
You can click on the "Forgot Username" or "Forgot Password" links below the Login button. PCI support is available by calling 855-750-0747
PCI INFORMATION SECURITY POLICY
Need a template for your PCI Security Policy in accordance with the Payment Card Industry Data Security Standard (PCI-DSS)?
PCI Security Policy Template
The card associations (Visa, MasterCard, American Express, and Discover) require that all merchant account maintain Payment Card Industry (PCI) Compliance. The following template is available for a free download to be used as a template for creating the PCI Security Policy.
Velocity Processing is a registered Independent Sales Organization (ISO) / Member Service Provider (MSP) of Elavon, Inc. Georgia, a wholly owned subsidiary of U.S. Bancorp, Minneapolis, MN. Elavon has been processing electronic payments for 37 years and maintains an "A+" rating with the Better Business Bureau.