PCI-DSS (Payment Card Industry Data Security Standard) is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. Using a third-party app like Charge for Stripe simplifies this, as the app uses tokenization to ensure raw card data is never stored on the device or the merchant’s servers.
FAQs:
- Do I need to be PCI compliant if I use Stripe?
Yes, all merchants need to be compliant, but using Stripe and pre-certified apps significantly reduces the burden, often requiring only a self-assessment questionnaire (SAQ). - Does Charge for Stripe store credit card numbers?
No. Charge for Stripe transmits data directly to Stripe via secure API, meaning the app does not store sensitive card data, aiding in PCI compliance. - What happens if I am not PCI compliant?
Non-compliance can lead to hefty fines, data breaches, and the revocation of your ability to accept credit card payments.
Related Terms:
- Tokenization
- Data Security
- SAQ (Self-Assessment Questionnaire)
- Encryption