Credit Card Processing & PCI
Why are you overpaying for credit card processing?
Credit card processing is a multi-step process that allows you to make credit card payments. Transactions can be made online, by phone, or in person. Credit card processing involves numerous entities. These entities include the merchant, consumer, payment gateway, and credit card processor.
Traditional credit card processing takes a cut of each transaction. The more you process, the greater your profit.
This is great news for credit card processors. However, it means that merchants like you will pay higher fees for higher volumes of credit cards.
WaTech allows you to access wholesale rates, which can save you money. We don’t mark up interchange rates like traditional payment processors. Reach out to us today and speak with one of our friendly advisors to learn more.
What is PCI compliance?
PCI compliance refers to the Payment Card Industry Data Security Standard (PCI-DSS), a set of guidelines designed to ensure all business entities that process, store, or transmit credit card information maintain a secure environment at all times. Failure to maintain PCI compliance puts you at risk of cybercrime, and if you experience a security breach, you will likely be subject to hundreds of thousands of dollars in fines from banks and credit card institutions.
Luckily, as your trusted merchant services provider and technology partner, WaTech has taken steps to simplify the PCI compliance process for you. With WaTech managing your technology and credit card processing, your business will benefit from multiple layers of data security and the fairest rates in the industry.