Secure Payment Standards: Who Qualifies and What You Get

This scheme establishes the security requirements for digital transactions to ensure online commerce remains safe and compliant with established regulations.

👤Who it's for

This scheme is intended for e-commerce sites. If you operate a business that sells goods or services through a website, these standards apply to your digital storefront.

🎁What you get

By following these standards, your business achieves compliance with DSP2 regulations. These regulations provide the framework for secure payment services and ensure your online transactions meet the necessary security benchmarks required for digital commerce.

💰What it costs you

There are costs associated with meeting these requirements. Specifically, you will need to cover the implementation costs for 3D Secure modules. These are the technical components used to facilitate secure transaction verification during the checkout process.

⚠️The catch to know

It is important to maintain compliance with these standards. The primary risk to be aware of is that non-compliance can lead to high chargeback rates. In the context of digital payments, these are instances where transactions are disputed, which can impact your business operations.

📝How to apply

1. Review your e-commerce site to determine if it meets current security requirements.
2. Arrange for the implementation of 3D Secure modules within your payment process.
3. Ensure your setup aligns with the necessary DSP2 regulatory standards.
4. Monitor your transaction activity to manage potential chargeback rates.