PCI compliance, the Square & Intuit gopayment?

Rich Terry August 14, 2012 at 10:33pm

Level / Tier ¹	Merchant Criteria	Validation Requirements
1	Merchants processing over 6 million Visa transactions annually (all channels) or Global merchants identified as Level 1 by any Visa region ²	Annual Report on Compliance (“ROC”) by Qualified Security Assessor (“QSA”) or internal auditor if signed by officer of the company Quarterly network scan by Approved Scan Vendor (“ASV”) Attestation of Compliance Form
2	Merchants processing 1 million to 6 million Visa transactions annually (all channels)	Annual Self-Assessment Questionnaire (“SAQ”) Quarterly network scan by ASV Attestation of Compliance Form
3	Merchants processing 20,000 to 1 million Visa e-commerce transactions annually	Annual SAQ Quarterly network scan by ASV Attestation of Compliance Form
4	Merchants processing less than 20,000 Visa e-commerce transactions annually and all other merchants processing up to 1 million Visa transactions annually	Annual SAQ recommended Quarterly network scan by ASV if applicable Compliance validation requirements set by acquirer

Rich Terry August 14, 2012 at 10:30pm

The rumors abound regarding square and it is basically due to the fact that they are single handedly killing the merchant account as it has been know for decades. Remember all the rumors about PayPal at it's inception? Here is a little about Square's security. There is no PCI compliance fee.

Jay McDougall August 14, 2012 at 10:15am

Yep, like Michael said. That's your definite answer.

Marcie Evans > Jay McDougall August 14, 2012 at 10:20am

Thanks Jay- just making sure if I make the switch that i won't get any surprises

Michael Reimer August 14, 2012 at 9:45am

I have been using the Square for 18 months and no PCI Compliance fees.

Marcie Evans > Michael Reimer August 14, 2012 at 10:19am

Thanks Michael- Some fellow artists told me last year and I couldn't find it specifically listed as a fee on the Squareup site, but had heard somewhere that Square was no longer PCI compliant and they were implementing the fee. I'm trying to decide if it's cheaper for me to upgrade my phone plan (I don't currently have data) and get a Square or Intuit or stay 'as is.' May I ask:

Do you like the Square? Have you had any problems so far? There are NO monthly fees, right? I cringe every time I get the statement from Merchant Warehouse! :-)
- Michael Reimer > Marcie Evans August 14, 2012 at 3:28pm
  
  Yes, I like the Square. There is no harm in trying it as it is 100% free until you swipe a card and then you know exactly what you are paying. Exactly, nothing hidden or added or surprises. You can use it 1 time and then never again and all you would pay is the 2.75% of the charge. Just try it and see.
- Amy Perrier > Marcie Evans August 14, 2012 at 11:27am
  
  Hi Marcie,
  
  I was using Merchant Warehouse last year, until we switched to both the square ( for my husband's business) and 1st National BAnk, for my sales. 1st National BAnk didn't out for me...hidden fees, too many problems with swiping, etc so I have since switched to square. Square doesn't charge more for swiping rewards cards or have PCI compliance fees according to the email we received just a couple of days ago. Also, looking back at all my husbands transactions, that is the truth. Also, square gets the money in your account faster than 1st National. The biggest downside to square that I can see, is that there isn't a 24/7 hotline you can call if you have an issue. You can email them and it takes a day or two to hear back. But, on the other hand, my husband has used the square for almost a year and never had an issue with receiving payments. Square does charge more for a keyed in card as opposed to swiped but they all do that I think.
  
  Good luck! Amy
  - Marcie Evans > Amy Perrier August 14, 2012 at 3:01pm
    
    Thanks so much Amy-

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PCI compliance, the Square & Intuit gopayment?

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