PCI compliance is a security checklist created by the Payment Card Industry Data Security Standard (PCI DSS) to help reduce fraud. All organizations that process credit and debit card payments, and all merchants that accept card payments, are responsible for their own PCI compliance.
For a variety of reasons, merchants often end up cobbling together a payment processing system from a number of different companies. They might use a payment terminal from one vendor, payment gateway from another, and a point-of-sale system from a third.
While each individual product or service might be PCI compliant, it doesn’t guarantee that the merchant, as the entity accepting card payments, is PCI compliant. That’s because PCI compliance pertains to the entire payment landscape, which includes how merchants process payments, how merchants connect those systems and how merchants manage their users’ data.
My Well will ensure that your organization is properly operating under the specified guidelines of PCI, using only PCI certified POS systems or devices and provide ultimate protection to your ministry and its users.
How It Works
When you sign up for a merchant account, we walk you through the process of becoming PCI Compliant by filling out a Self Answered Questionnaire (SAQ). Each case is different due to each organization's unique method of processing credit cards online.
You'll need to fill out this questionnaire every year since systems involved in processing online payment could change. But don't worry—we'll send you an email reminder when the time comes.
From there, as long as you remain PCI compliant, we'll completely waive the PCI compliance fee!
If you have any questions along the way, please let us know, and we'll help equip you with the information you need to protect your users' information.