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If the information gets into the wrong hands, you also risk losing your constituents' trust."Violating the PCI requirements can result in a substantial fine and the loss of your ability to accept credit card payments.If the information gets into the wrong hands, you also risk losing your constituents' trust.However, you still need to process the charges later using one of the other methods, and there's a substantial risk inherent in carrying imprinting slips around, because you're essentially carrying a stack of credit cards.
(Note that cyberinsurance will not protect you from data theft.
The fee structures are complex, and it's often difficult to know what you will pay. In this article, you'll get an overview of how credit card processing works and a summary of your options.
And the introduction of new electronic chip technology in the U. Taking credit card payments requires that you sign an agreement to uphold the Payment Card Industry Data Security Standards, commonly known as PCI requirements.
If you've collected credit card information via an imprinter or through mailed-in donation-via-credit-card forms, one of the most straightforward ways to process the charges — though likely not the cheapest — is to ask your bank to do it.
In this scenario, all you have to do is set up a merchant account with the bank and then deliver the paper slips, most likely in person.