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kumafa
New Merchant
Joined: 21 Feb 2009
Posts: 1
Location: California
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 Posted: Sat Feb 21, 2009 10:46 pm Post subject: New Terminal Compliance with Visa/Mastercard? |
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Hi,
We are a small business in CA and have a Hypercom T7P-T terminal. Recently we've heard from our merchant service that a terminal compliance issue is going into effect from Visa/Mastercard and all of a sudden, our terminal is outdated and needs to be updated. The 'only' way to update is by signing a terminal lease from them. It just sounds fishy!
I just want to confirm with any experts here if there is a new terminal compliance measure that is going into effect soon? Also, we can't just download/re-program our current terminal, instead of getting a new one? Thanks! |
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stymiee
Site Administrator
Joined: 08 Jan 2022
Posts: 99
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| Posted: Fri Feb 27, 2009 6:43 pm Post subject: |
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| Sounds fishy to me, too. I'd ignore them and wait until you get an official notification on your processing statement before doing anything about it. |
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nelsonkist
New Merchant
Joined: 14 Dec 2009
Posts: 17
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| Posted: Tue Dec 15, 2009 5:44 am Post subject: |
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| You get an official notification on your processing statement before doing anything about it.I would like to make it clear that not all processors are charging their merchants for PCI. |
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sunny34
New Merchant
Joined: 21 May 2010
Posts: 1
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| Posted: Fri May 21, 2010 3:32 am Post subject: http://www.creditcardbest.net |
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| Thanks for the wonderful discussion.I am also running a small scale business and sure this kind of informative topic provides a big help to us. |
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tyefighter
New Merchant
Joined: 25 May 2010
Posts: 2
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| Posted: Tue May 25, 2010 10:08 am Post subject: |
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| Yes your terminal could be out of compliance if it is an older machine. Do NOT lease a terminal, buy one instead. Terminals only cost between $150 and $350 and most companies will let you pay it off your processing. If you lease a terminal it could cost you well into the $1500 to $2500 range after your lease is over. Never ever sign a lease for equipment. |
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