Do you want to become PCI compliant? Discover the average cost of becoming one! Get all information you need related to PCI compliance certification cost!

When it comes to PCI compliance certification cost you need to keep in mind that the cost depends on various factors such as the number of transactions your company process per year, your business type, your company’s IT infrastructure, the credit or debit card storage and processing, and etc. In other words, we cannot calculate the exact PCI compliance certification cost, but we can determine an approximate cost so you can organize your budget.

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According to some research in 2007, the largest merchants or online retailers who are classified as Level 1 (they are classified as Level 1 because the transactions per year are over 6 million per credit card brand) will spend around $125.000 (to access the needed PCI work) plus $568.000 to meet all requirements.

The merchants and online retailers who are classified as Level 2 (they are classified as Level 2 because the transactions per year are less than 6 million per credit card brand) will spend around $105.000 to establish the scope of work plus $267.000 for PCI compliance.

The Level 3 merchants and retailers who process from 20.000 and 1.000.000 transactions per year are expected to spend around $44.000 to determine the scope and $81.000 for PCI compliance.

The Level 4 merchants, or merchants and online retailers who are processing less than 20.000 transactions per year, are paying various fees (the fee cost depends on different factors, come of which we mention at the beginning).

When it comes to on-site audit, the Level 1 merchants are expected to have one. The level 2, 3, and 4 merchants have to fill out the SAQ or Self-Assessment Questionnaire and submit quarterly scans in order to check the exposure and vulnerabilities on the IP address. The cost for the quarterly scans is between $150 and $2500 per year per IP address.

There are other costs that are related to PCI compliance certification such as hardware and software upgrades. A company with around 100.000 credit cards will pay exactly $6 in encryption costs per credit card. All of these calculations does not include the cost of labor and the cost of following other profit-making ventures.

For additional information, you can consult with a professional PCI compliance service that can assist you in becoming PCI compliant.

 

 

By | 2017-04-27T22:41:45+00:00 April 18th, 2017|Blog|