FINMA Payment Regulations: Who Qualifies and What You Get
Learn the compliance requirements for online stores using payment gateways in Switzerland to ensure your business meets federal standards.
These regulations set the standards for how digital payments must be handled to ensure security and legality within the Swiss financial system.
Who it's for
This applies to online stores that use payment gateways to process customer transactions.
What you get
Following these regulations helps ensure your payment processes are secure. There is no cost to follow these standards, but you must meet PCI-DSS compliance, which is a set of security requirements to protect cardholder data.
What it costs you
There is no direct fee for the regulation itself, but you must invest the time and resources necessary to ensure your systems meet the required security standards.
The catch to know
You must verify that your specific payment provider is officially authorized to operate in Switzerland.
How to apply
- Confirm your business requires payment gateway integration.
- Verify that your chosen payment provider is authorized in Switzerland.
- Ensure your digital setup meets PCI-DSS security standards.
- Check the official regulatory guidelines for any updates to security requirements.