If you’re running a WooCommerce store, you must ensure that your customers’ payment card data is secure. This is where PCI compliance comes into play. The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment.
These requirements are maintained by PCI Security Standards Council (PCI SSC) which is a global forum that brings together payments industry stakeholders to develop and drive adoption of data security standards and resources for safe payments worldwide.
If your WooCommerce store accepts credit card payments, you must comply with the PCI DSS standards. Failure to comply can result in hefty fines, loss of business, and even legal action. In this three-part article, we’ll take a look at the steps you need to take to achieve PCI compliance for your WooCommerce store.
What is PCI DSS Compliance?
PCI DSS is a set of standards developed by major credit card companies, including Visa, Mastercard, American Express, and Discover. The PCI DSS standards apply to any organization that accepts credit card payments.
The purpose of these standards is to ensure that companies that accept credit card payments maintain a secure environment for the storage, processing, and transmission of payment card data.
PCI DSS compliance is mandatory for all merchants that accept credit card payments. Compliance is enforced by the credit card companies themselves, and non-compliance can result in fines, legal action, and even loss of the ability to accept credit card payments.
Why is PCI Compliance Important for WooCommerce Stores?
As a WooCommerce store owner, you are responsible for ensuring that your customers’ payment card data is secure. Failure to comply with PCI DSS standards can result in data breaches, which can be costly for your business.
When a data breach occurs, customers’ payment card data can be compromised, resulting in unauthorized charges, identity theft, and other forms of fraud. This can result in a loss of customer trust and a damaged reputation for your business.
In addition, if your store is found to be non-compliant, you may be subject to fines and legal action.
Do not miss our follow up articles from our PCI Compliance and WooCommerce: