Many Merchants see the Payment Card Industry’s Data Security Standard (PCI DSS) as an expense they could do without.
The counter argument is most businesses would struggle if nothing was done to tackle Credit Card Fraud because the Credit Card companies would need to charge Merchants a higher transaction rate to cover their losses.
So, what other reasons could there be for becoming PCI Compliant?
The answer very much depends on your business type and the loyalty of your customers and prospective customers.
Some very good reasons for becoming PCI compliant are listed below.