Figuring out Your Merchant Risk Level for PCI Compliance

PCI merchant levelsBoth VISA and MasterCard have produced a structure for figuring out the danger degree of a merchant. The greater transactions you process, the greater risk you pose towards the two charge card organizations. To be able to maintain some kind of order within PCI compliance, VISA and MasterCard have produced 4 risk levels which will affect any particular business.

Knowing which risk level you come under is essential due to the fact your credit card merchant account provider will need different documents/procedures for every level. Most retailers have no idea know very well what all these levels are, so before you submit the best documentation, you need to know very well what each level means, and which pertains to you.

Listed here are some PCI merchant levels and needs from VISA’s site. MasterCard’s levels/needs are nearly identical:

Level/Tier Merchant Criteria Validation Needs
Level 1 Retailers processing over six million Visa transactions yearly (all channels) or Global retailers recognized as Level 1 by Visa region.
  • Annual Set of Compliance (“ROC”) by Qualified Security Assessor (“QSA”) or internal auditor if signed by officer of the organization.
  • Quarterly network scan by Approved Scan Vendor (“ASV”).
  • Attestation of Compliance Form.
Level 2 Retailers processing a million to six million Visa transactions yearly (all channels).
Level 3 Retailers processing 20,000 to at least one million Visa e-commerce transactions yearly.
Level 4 Retailers processing under 20,000 Visa e-commerce transactions yearly and all sorts of other retailers processing as much as a million Visa transactions yearly.
  • Annual SAQ suggested.
  • Quarterly network scan by ASV if relevant.
  • Compliance validation needs set by acquirer.

As you can tell, the PCI compliance levels are pretty self-explanatory. I’ve highlighted Level 4 just because a large most of you’ll come under this risk level. So, next time your provider or processor informs you that you’re an amount 4 merchant, you’ll know precisely what they’re speaking about.

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