How Integrating Payments can lower PCI Burden

Sep 09, 2016

Any credit card merchant is bound by the Payment Card Industry (PCI) compliance regulations. As long as your business involves processing card payments, you are required to obey PCI compliance rules. The PCI SSC carries the requirements that help establish the standards and norms binding everyone involved in storing, processing, or transmitting cardholder data.

PCI SSC compliance requirements therefore typically apply to all merchants, members and service providers that store, process, and/or transmit cardholder information.

These requirements are admittedly a major headache for players within the industry. They have to learn them to operate within accepted precincts.

But that you can lower your PCI scope simply by integrating payments into your existing software if you are a partner is something less known to many.

A partner here is a merchant who has a product that’s already set in place and is only missing a payments component. If the partner uses all or some of a payment processor’s solution(s) alongside their own existing software products then the partner is referred to as an integrate partner.

As a partner, the fact that you have a product such as a software set in place sets you apart from an ordinary merchant typically only need to process payments. This is why as a partner you are required to comply with PCI requirements: as soon as you add the payments component to your already existing software then you will be handling cardholder data.

Easier alternative

Adding payments can be time-consuming and extensive. So, many partners appreciate an easier alternative.

You can outsource the data management service by integrating with a PCI compliant payment provider like EMB, which allows you create a high risk merchant account and get started. By so doing, the payment provider becomes responsible for the PCI compliance on your behalf and you remain free to focus on what you have to do: build your product.

No other way could be any better. Such integration does not just take from you the headache of having to start handling sensitive data from scratch. It also lets you leverage the power of an existing product while you enjoy an established revenue stream.

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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